List of Insurance Companies in Bangladesh (2024 Updated)

Bangladesh is a Developing Country in Asia Continent. It has a lot of Population but the Business situation is so good now! Now this time many business opportunities are open day by day with their international relationship of business. Insurance and Banks are the main methods of payment gateways and business transactions.

The previous time I wrote a post about Bangladesh Banks Update. Now here in this post, I wanna share the list of insurance companies in Bangladesh for you people to know!

There are lots of Insurance companies and Life Insurance in Bangladesh. Some of them are Public Sector (Life), Private Sector (Non-Life), and Private Sector (Life).

life insurance in Bangladesh

About Insurance Companies In Bangladesh

Insurance companies in Bangladesh are regulated by the Insurance Development and Regulatory Authority (IDRA), which was established in 2010 to promote and regulate the insurance industry in the country. There are currently 80 insurance companies operating in Bangladesh, offering a wide range of products and services to individuals and businesses.

The insurance industry in Bangladesh has experienced significant growth in recent years, with the sector contributing around 1% to the country’s GDP. The growth of the industry has been driven by a number of factors, including an increase in awareness of the importance of insurance, an expanding middle class, and the introduction of new products and services.

The types of insurance products offered by companies in Bangladesh include life insurance, health insurance, travel insurance, property insurance, and liability insurance. Many of these products are tailored to meet the needs of specific industries, such as agriculture, transport, and manufacturing.

Life insurance is the most popular type of insurance in Bangladesh, with more than 40 insurance companies offering various life insurance products. These products include term life insurance, whole life insurance, and endowment policies. In addition, many insurance companies offer group life insurance plans for employees of businesses and organizations.

Health insurance is also becoming increasingly popular in Bangladesh, with more people recognizing the importance of having access to quality healthcare. Many insurance companies offer health insurance plans that cover medical expenses, hospitalization costs, and other related expenses.

The insurance industry in Bangladesh faces a number of challenges, including a lack of awareness among the general public about the benefits of insurance, a lack of trust in insurance companies, and a lack of skilled insurance professionals. However, the IDRA is working to address these challenges and promote the growth of the industry.

Overall, the insurance industry in Bangladesh is poised for continued growth, with increasing demand for insurance products and services. As the industry continues to evolve, it is expected that new products and services will be introduced to meet the changing needs of consumers and businesses in Bangladesh.

Life Insurance Companies in Bangladesh

There are currently 32 life insurance companies operating in Bangladesh, offering a variety of products and services to individuals and businesses. Some of the leading life insurance companies in Bangladesh are:

  1. Pragati Life Insurance Limited: Founded in 2000, Pragati Life Insurance is one of the leading life insurance companies in Bangladesh, with a focus on providing innovative and affordable products to customers.
  2. Delta Life Insurance Company Limited: Delta Life Insurance is one of the oldest and most established life insurance companies in Bangladesh, founded in 1986. The company offers a range of products including endowment plans, term insurance, and group life insurance.
  3. MetLife Bangladesh: MetLife is a multinational insurance company with a strong presence in Bangladesh, offering a range of life insurance products to individuals and businesses.
  4. Guardian Life Insurance Limited: Guardian Life Insurance is a relatively new entrant to the Bangladesh insurance market, having been founded in 2014. The company has quickly established itself as a leading player, offering a range of innovative products and services to customers.

General Insurance Companies in Bangladesh

There are currently 44 general insurance companies operating in Bangladesh, offering a range of products and services to individuals and businesses. Some of the leading general insurance companies in Bangladesh are:

  1. Green Delta Insurance Company Limited: Founded in 1985, Green Delta Insurance is one of the leading general insurance companies in Bangladesh, offering a range of products including motor insurance, marine insurance, and fire insurance.
  2. Eastern Insurance Company Limited: Eastern Insurance is a relatively new entrant to the Bangladesh insurance market, having been founded in 2012. The company has quickly established itself as a leading player in the market, offering a range of innovative products and services to customers.
  3. Bangladesh General Insurance Company Limited: Bangladesh General Insurance is one of the oldest and most established general insurance companies in Bangladesh, founded in 1956. The company offers a range of products including fire insurance, marine insurance, and liability insurance.
  4. Prime Insurance Company Limited: Prime Insurance is a relatively new entrant to the Bangladesh insurance market, having been founded in 1996. The company has quickly established itself as a leading player in the market, offering a range of innovative products and services to customers.

The insurance industry in Bangladesh is rapidly growing, with both life insurance and general insurance companies offering a range of products and services to individuals and businesses.

As the economy of Bangladesh continues to grow, the demand for insurance is expected to increase, making it an attractive market for both domestic and international insurance companies. With a large population and a growing middle class, the potential for the insurance industry in Bangladesh is significant, making it an attractive market for both investors and insurance companies.

Now here you can find all kinds of Insurance Companies In Bangladesh. As like Public, private, Life Insurance, Insurance, Government Insurance, National Insurance, Foreign Insurance, and Foreign Life Insurance. All of the insurance is highlighted with official links and detail for public help.

Public Sector (Life Insurance BD)

In this category, Bangladesh Have only one life Insurance Company. This is the Oldest Life Insurance In Bangladesh. The Insurance name is:

Jibon BIma Corporation

Jiban Bima Corporation –  This is only one life insurance company in Bangladesh maintained by the Bangladesh Government and this Insurance is owned by the Bangladesh Government Trust. From the Pakistan Period still, now Jibon Bima Corporation is a trusted and running Bima Corporation Insurance in Bangladesh.

academy of learning

Academy of Learning Ltd – Recently run the project and company called Academy Of Learning Limited. This company provides a kind of training for making Bangladesh advanced and digital in a different sector. They provide Insurance Training, Corporate Training, IT Training, and ILO Training.

Public Sector (Non – Life Insurance)

Life insurance is a crucial aspect of personal finance, and it is becoming increasingly popular in Bangladesh. The life insurance industry in Bangladesh is primarily divided into two categories: public sector and private sector. In recent years, the private sector life insurance industry has seen significant growth due to its customer-centric approach and innovative product offerings.

Private sector life insurance companies in Bangladesh offer a range of insurance products and services, such as term life insurance, whole life insurance, endowment policies, pension plans, and more. These companies have different premium rates and policy features, allowing customers to choose the plan that best suits their needs and budget.

One of the advantages of private sector life insurance in Bangladesh is the personalized customer service that these companies provide. Private sector companies typically have a smaller customer base, which allows them to provide more individualized attention to their policyholders. This approach often leads to higher customer satisfaction and better retention rates.

Another advantage of private sector life insurance in Bangladesh is the flexibility that these companies offer in their policy features. Private sector companies often tailor their products to meet the specific needs of their customers. For example, some private sector companies offer riders that can be added to a policy to cover critical illnesses or accidents.

Moreover, private life insurance companies in Bangladesh have been known to introduce innovative products and services to meet the evolving needs of their customers. For example, some companies have introduced digital platforms for policyholders to manage their policies online, making it easier for customers to access their policy information and make changes to their policies.

Private sector life insurance in Bangladesh offers a range of benefits, including personalized customer service, flexible policy features, and innovative products and services. With the growing demand for life insurance in the country, private-sector companies are expected to continue playing a significant role in the insurance industry in the coming years.

Here I will highlight Life Insurance of the Bangladesh Government is Non-Life. You can make any kind of general bima corporation of your business here.

Sadaron Bima Coporation

Private Sector (Life Insurance)

All of the Insurance Company Stablished In Bangladesh with the Private Sector. They maintain an individual company or group in Bangladesh. If you need any information on Private Life Insurance in Bangladesh below. Just click the link of search in Google. All the results and information are present on their official website. Even you can get their location on Google Maps or manually address.

Meghna Life Insurance

Meghna Life Insurance Company Ltd

Metlife

MetLife Bangladesh (Foreign Company)

Swadesh Life Insurance

Sawdesh Life Insurance Co. Ltd

Diamond Life Insurance

Diamond Life Insurance Co. Ltd

Alpha Life Insurance

Alpha Islami Life Insurance Ltd

trust life insurance

Trust Islami Life Insurance Co. Ltd

Jamuna Life Insurance

Jamuna Life Insurance Ltd

Baira Life Insurance

Baira Life Insurance Company Ltd

Delta Life Insurance

Delta Life Insurance Company Ltd

Private Sector (Non-Life)

Here the list of Private Sector Non-Life Insurance Of Bangladesh. All of the insurance are Active in their field for a long time.

This is the list of insurance companies in Bangladesh. This is a complete list of insurance companies in Bangladesh. If you have a new one you can add them via the contact option or comment box.

More updates of Bangladesh Here: Bangladesh Map and Satellite Image, Prothom Alo Online Bangla Newspaper, Prothom Alo ePaper, Bangla ePaper, List Of Bangla Radio, Online Bangla TV Live, List Of Banks In BD, Bangladesh Flag Official Updates.

FAQs

Q: What are insurance companies in Bangladesh?

A: Insurance companies in Bangladesh are financial institutions that provide insurance policies to individuals, businesses, and other organizations. They operate under the regulations of the Insurance Development and Regulatory Authority (IDRA) of Bangladesh.

Q: What types of insurance policies do insurance companies in Bangladesh offer?

A: Insurance companies in Bangladesh offer a range of insurance policies, including life insurance, health insurance, travel insurance, motor insurance, property insurance, marine insurance, and others.

Q: What is life insurance?

A: Life insurance is a type of insurance policy that provides financial support to the policyholder’s beneficiaries in the event of the policyholder’s death.

Q: What is health insurance?

A: Health insurance is a type of insurance policy that covers the cost of medical treatment, hospitalization, and other related expenses.

Q: What is travel insurance?

A: Travel insurance is a type of insurance policy that covers the cost of unexpected events that can occur during a trip, such as medical emergencies, trip cancellations, lost luggage, and others.

Q: What is motor insurance?

A: Motor insurance is a type of insurance policy that covers the cost of damage to a vehicle and/or third-party liability in the event of an accident.

Q: What is property insurance?

A: Property insurance is a type of insurance policy that covers the cost of damage or loss to a property, such as a home or business.

Q: What is marine insurance?

A: Marine insurance is a type of insurance policy that covers the cost of damage or loss to goods, cargo, and ships while in transit.

Q: How do I choose an insurance company in Bangladesh?

A: When choosing an insurance company in Bangladesh, you should consider the company’s reputation, financial stability, customer service, and the types of policies it offers. You can also compare policies and rates from different companies to find the best option for your needs.

Q: How do I file a claim with an insurance company in Bangladesh?

A: To file a claim with an insurance company in Bangladesh, you should contact the company’s customer service department and provide the necessary information and documentation, such as the policy number, details of the incident, and any supporting evidence. The company will then assess your claim and determine if it is covered under the policy.