4. Introduction
The Government of Bangladesh nationalized insurance industry
in 1972 by the Bangladesh Insurance (Nationalization) Order
1972.
The insurance industry is a perfect example of the use of “grey
areas” in the culture of business ethics.
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5. The insurance industry and the
framework:
The regulatory landscape has faced no shortage of changes, especially
with regard to data privacy and security.
To become a PIMA (Photographic and Imaging Manufacturers
Association) member and participate in its online Legislative &
Regulatory Interest Group. The group also is a member-driven trade
association focused exclusively on the group-sponsored benefits market.
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6. For more information on becoming a
member
Company Licensing
Producer Licensing
Product Regulation
Financial Regulation
Market Regulation
Consumer Services
Hybrid Computing
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7. List of insurance companies in
Bangladesh
Public sector
life insurance industry - Bangladesh Jiban Bima Corporation
Non life insurance industry - Bangladesh Sadharan Bima
Corporation
Private Sector
life insurance industry- 33
Non life insurance industry - 46
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8. Amount of Asset in Life insurance
Business (Crore Taka)
38647.29 38902.63
3052.36
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
2019 2018 2017
Total Asset
Total Asset
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9. Total value of investment
31435.54
30855.18
29934.39
2019 2018 2017
Investment
Investment
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10. Total number of policies
10358515
329501 292199 25802 108913
10446548
17988688
1439691 87042 477836
10951920
1839126
100549 157390 380330
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
16000000
18000000
20000000
Number of Policy in-
forced
Number of New Policy
issued
Number of policies
lapsed
Number policy
surrendered
Number of Policy
revived
policies
2019 2018 2017
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11. Total Amount of Premiums
1201.39
188.51 191.2 296.79
1878.82
5993.58
1382.46
591.9
1052.02
9019.95
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
Ordinary Life Micro Insurance Group and Health Islami Takaful Gross Premium
Premiums
2019Q 2018
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13. Amount of Claim Settled (Crore Taka)
1718.42
75.07
984.74
31.39
400.04 227.18
6571
219.33
3804.94
961.72 1051.28 533.74
0
1000
2000
3000
4000
5000
6000
7000
Amount of Claim
Settled (Crore Taka)
Death claim Maturity Claim Surrender value Claim SB Claim group claims and other
Amount of Claim Settled
2019Q 2018
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14. Due Settlement
serial Name of life
insurer
Number of
claim pending
serial Name of life
insurer
Number of
claim pending
1 Alpha Islami 10 12 Rupali 503
2 Diamond 9 13 Sandhani 3233
3 Delta 662 14 Jamuna 2
4 Fareast Islami 10000 15 JBC 665
5 Guardian 4 16 Meghna 58
6 Homeland 7000 17 Mercantile
Islami
2
7 National 567 18 Swadesh 3
8 NRB Global 5 19 Sonali 1
9 Popular Life 16 20 Sunflower 565
10 Progressive 101 21 Sunlife 8453
11 Protective Islami 51 22 Trust Islami 10
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15. Employment Opportunities
Working for Insurance Development and Regulatory Authority
(IDRA) offers a unique opportunity to gain experience and develop skills
in the public service sector.
Insurance Development and Regulatory Authority (IDRA) has issued a
job circular for all job seekers and unemployed in Bangladesh.
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16. Conclusion
Insurance is a large investment and you will most likely purchase
multiple policies throughout your lifetime.
We need to separate the policyholder account and shareholder
account immediately for the protection of policyholder.
In order to increase the penetration and density of premium we will
have to introduce the Because insurance system as a distribution
channel and we are working on it.
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