Hi Friends. Today i tell you Top insurance companies in Bangladesh with facilities. There are 78 companies in Bangladesh offering insurance services. Of these, 32 are life companies and 46 are non-life.
Of the life insurers, there are 1 government-owned and 31 privately-owned companies. Non-life Insurance, there are 1 public and 45 privately owned companies.
In today’s unpredictable world, having dependable insurance coverage is crucial. Whether it’s for health, life, vehicles, property, or business, insurance provides the financial security you need to navigate life’s surprises. In Bangladesh, the insurance industry has expanded significantly in the last ten years, presenting a variety of options from both life and general insurance providers.
But with so many options available, how do you choose the right one? In this article, we’ll take a closer look at the leading insurance companies in Bangladesh, known for their reliability, excellent customer service, and effective claim processing. Whether you’re looking to insure your life, belongings, or business, this list will assist you in making a well-informed choice based on their performance, reputation, and adherence to regulations.
Insurance is a contract. It is a legally binding agreement between two parties. A contract is entered into by one party promising to indemnify the other party. The other party enters into a contract promising to pay a premium at a fixed rate to receive compensation.
A contract between the first party insurer and the second party insured containing the assurance of payment of indemnity and payment of premium respectively. In case of life insurance loss is not covered, no value of human life can be quantified. Hence financial security is provided in life insurance.
Insurance industry plays a very important role in the economic development of any country. Insurance helps in capital formation by collecting small savings (premium) from the public. Guarantees compensation for human life, debt and property.
Having such assurance makes people feel secure in their workplace and can concentrate on work. As a result, personal productivity increases. Thus, if individual production increases, national production increases.
Top insurance companies in Bangladesh
When production increases, the standard of living of the people improves and the overall economic prosperity of the country. Example: Life insurance contract, fire insurance contract.
Life insurance
Life insurance is a financial agreement between you (the policyholder) and an insurance company, where the company promises to pay a lump sum of money (called the death benefit) to your chosen beneficiaries if you pass away during the term of the policy. In exchange, you pay regular premiums, either monthly, quarterly, or yearly.
“Life insurance premium” is the payment you pay to your life insurance company in exchange for your coverage. Life insurance premium can be regular monthly/annual payments or lump sum payments. Payments (called death benefits) are payments the life insurance company makes to your beneficiaries if you die unexpectedly during the term.
Here is your latest Bd life insurance list by the table.
| Company Name | Web Site |
|---|---|
| Alpha Islami Life Insurance | www.alphalife.com.bd |
| Baira Life Ins | www.bairalife.com |
| Best Life Insurance | www.bestlifebd.com |
| Chartered Life Insurance | www.charteredlifebd.com |
| Daimond Life Insurance | www.diamondlifebd.com |
| Delta Life Insurance | www.deltalife.com |
| Fareast Islami Life Insurance | www.fareastislamilife.com |
| Golden Life Insurance | www.goldenlife-insurance.com |
| Guardian Life Insurance | www.guardianlife.com.bd |
| Homeland Life Insurance | www.homelandlife.com |
| Jamuna Life Insurance | www.jamunalife.com |
| Jibon Bima Corporation | www.jbc.gov.bd |
| LIC Bangladesh | www.licbangladesh.com |
| Meghna Life Insurance | www.meghnalife.com |
| Mercentile Life Insurance | www.milil.com.bd |
| Metlife | www.metlife.com.bd |
| National Life Insurance | www.nlibd.com |
| NRB Global Life Insurance | www.nrbgloballife.com |
| Padma Islami Life Insurance | www.padmalife.com |
| Popular Life Insurance | www.popularlifeins.com |
| Pragati Life Insurance | www.pragatilife.com |
| Prime Islami Life Insurance | www.primeislamilifebd.com |
| Progressive Life Insurance | www.progressivelife.com.bd |
| Protective Islami Life Insurance | www.protectivelife.com.bd. |
| Rupali Life Insurance | www.rupalilife.com |
| Sandhani Life Insurance | www.sandhanilife.com |
| Sawdesh Life Insurance | www.swadeshlife.com |
| Sonali Life Insurance | www.sonalilife.com |
| Sunflower Life Insurance | www.sunflowerlife.com |
| Sunlife Insurance | www.sunlifeinsbd.org |
| Trust Islami Life Insurance | www.trustislamilife.com |
| Zenith Islami Life Insurance | www.zenithlifebd.com |
Non-Life Insurance
Non-life insurance, also known as general insurance, is a type of insurance that covers financial losses other than death. It provides protection for assets, property, health, liability, or travel, usually for a specific period.
Here is your latest Bd non-life insurance list by the table.
| Company/Corporation Name | Website |
|---|---|
| Agrani Insurance Company Limited | www.agraniins.com |
| Asia Insurance Limited | www.asiainsurancebd.com |
| Asia Pacific General Insurance Company Limited | www.apgicl.com |
| Bangladesh Co-operative Insurance Limited | www.bdcoopinsurance.com |
| Bangladesh General Insurance Company Limited | www.bgicinsure.com |
| Bangladesh National Insurance Company Limited | www.bnicl.net |
| Central Insurance Company Limited | www.cicl-bd.com |
| City General Insurance Company Limited | www.cityinsurance.com.bd |
| Continental Insurance Limited | www.cilbd.com |
| Crystal Insurance Company Limited | www.ciclbd.com |
| Desh General Insurance Company Limited | www.deshinsurancebd.com |
| Dhaka Insurance Limited | www.dhakainsurancebd.com |
| Eastern Insurance Company Limited | www.easterninsurancebd.com |
| Eastland Insurance Company Limited | www.eastlandinsurance.com |
| Express Insurance Limited | www.eilbd.com |
| Federal Insurance Company Limited | www.federalinsubd.com |
| Global Insurance Limited | www.globalinsurancebd.com |
| Green Delta Insurance Company Limited | www.green-delta.com |
| Islami Commercial Insurance Company Limited | www.iciclbd.com |
| Islami Insurance Bangladesh Limited | www.islamiinsurance.com |
| Janata Insurance Company Limited | www.janatainsurance.com |
| Karnaphuli Insurance Company Limited | www.kiclbd.com |
| Meghna Insurance Company Limited | www.micl.com.bd |
| Mercantile Insurance Company Limited | www.mercantileins.com |
| Nitol Insurance Company Limited | www.nitolinsurance.com |
| Northern Islami Insurance Limited | https://niil.com.bd/ |
| Paramount Insurance Company Limited | www.paramountinsurancebd.com |
| Peoples Insurance Company Limited | www.peoplesinsurancebd.com |
| Phoenix Insurance Company Limited | www.phoenixinsurance.com.bd |
| Pioneer Insurance Company Limited | www.pioneerinsurance.com.bd |
| Pragati Insurance Limited | www.pragatiinsurance.com |
| Prime Insurance Company Limited | www.prime-insurance.net |
| Provati Insurance Company Limited | www.provati-insurance.com |
| Purabi General Insurance Company Limited | www.purabiinsurance.com |
| Reliance Insurance Limited | www.reliance.com.bd |
| Republic Insurance Company Limited | www.riclbd.com |
| Sadharan Bima Corporation | www.sbc.gov.bd |
| Sena Kalyan Insurance Company Limited | www.senakalyanicl.com |
| Sikder Insurance Company Limited | www.sikderinsurance.com |
| Sonar Bangla Insurance Limited | www.sonarbanglains.com |
| South Asia Insurance Company Limited | www.southasiainsurance.com |
| Standard Insurance Limited | www.standardinsurance.com.bd |
| Takaful Islami Insurance Limited | www.takaful.com.bd |
| Union Insurance Company Limited | www.unioninsurancebd.com |
| United Insurance Company Limited | www.unitedinsurance.com.bd |
Why You Need Life Insurance in Bangladesh
Life insurance is really important in Bangladesh for several economic, social, and family reasons. In a place where a lot of families depend on just one person to earn money, having life insurance can offer vital financial security and help ensure long-term stability.
Top Reasons to Get Life Insurance in Bangladesh
1. Family Financial Protection
If you’re the main income earner, life insurance ensures your family can manage daily expenses, school fees, and living costs even after you’re gone.
2. Debt & Loan Coverage
Life insurance helps pay off home loans, personal loans, or business debts so your family doesn’t inherit your financial burdens.
3. Child’s Education & Future Planning
Policies like endowment or savings-linked insurance can secure funds for your child’s education, marriage, or other future needs.
4. Affordable Premiums
In Bangladesh, life insurance policies are relatively affordable, especially if started at a young age. Many local companies offer flexible plans for different income groups.
5. Tax Benefits
Premiums paid for life insurance in Bangladesh may be eligible for tax deductions under certain conditions, helping reduce your overall tax burden.
6. Peace of Mind
Knowing your loved ones are protected brings emotional peace, especially in uncertain times due to health issues, natural disasters, or accidents.
7. Investment + Protection
Some life insurance plans in Bangladesh act as a dual benefit — providing life coverage and building savings or returns over time.
Life Insurance Is Especially Helpful For:
- Private and government job holders
- Small business owners
- Migrant workers supporting families back home
- Parents with school-going children
- Individuals with home or car loans
Latest Gazettes about law
last 27 june 2019 Insurance Development & Regulatory Authority (IDRA) published there latest gazzettes about there law. you can see this just one click.
Latest Gazettes about Acts & Rules
Insurance Development & Regulatory Authority (IDRA) published there latest acts & rule last 3 february 2019. you can know about this click here.
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