A warm welcome to our comprehensive guide on the top 13 insurance companies in Bangladesh. As the country continues to witness rapid economic growth, the insurance sector has gained prominence in recent years considering its significance.
In this article, we will explore the leading insurance companies that have stood out for their exceptional services, customer satisfaction, and financial stability.
Whether you are looking for life insurance, health insurance, or general insurance, this compilation will provide you with valuable insights to make an informed decision and secure your future in Bangladesh.
Top Insurance Companies in Bangladesh 2023
Here, we have compiled a list of the 13 best insurance companies that you can trust to safeguard your future.
These companies offer various types of insurance products, including life insurance, health insurance, motor insurance, property insurance, and more.
Each company has its own strengths, market presence, and customer service track record. Let’s get started…
#1 Sonali Life Insurance
Sonali Life Insurance is a prominent life insurance company operating in Bangladesh since 2013.
With a strong presence in the insurance market, Sonali Life Insurance offers a comprehensive range of life insurance products and services to individuals and families.
The company focuses on providing financial security and protection for its customers to ensure peace of mind in times of uncertainty.
Read the Guide: Sonali Life Insurance
Sonali Life Insurance is known for its commitment to customer satisfaction, efficient claim settlement, and financial stability.
With a dedicated team of professionals and a wide network of branches across the country, Sonali Life Insurance has established itself as a trusted name in the life insurance sector in Bangladesh.
Insurance Products (Types) of Sonali Life Insurance:
- Child Scheme
- Pension
- DPS
- Ritual Scheme
- Online Term
- Guaranteed Bonus
- Micro Scheme
- Savings & Profits
- Survival Benefits
#2 MetLife
MetLife, a global insurance company, has a strong presence in Bangladesh, offering a range of insurance products and services since 1952. In fact, MetLife is one of the best insurance companies in Bangladesh.
With a commitment to providing financial protection and security, MetLife caters to the diverse insurance needs of individuals and businesses in the country.
You may read: Health Insurance in Bangladesh
Known for its customer-centric approach, MetLife strives to deliver excellent service and innovative solutions to its policyholders.
The company’s extensive network of branches ensures easy access and efficient customer support.
With its global expertise and local knowledge, MetLife has earned a reputation for reliability, professionalism, and financial stability in the insurance market of Bangladesh.
Types of Insurance Products Offered by MetLife Bangladesh:
- Education
- Takaful
- Health & Protection
- Group Insurance
- Retirement
- Savings & Investments
#3 Delta Life Insurance Company Ltd.
Delta Life Insurance Company Ltd. is a renowned insurance provider with a rich history and a strong presence in the insurance industry.
Established in 1986, it has been serving customers for over 35 years. The company has evolved over time and adapted to changing market dynamics and customer needs.
Read Details about: Delta Life Insurance Company Ltd.
With a focus on reliability and customer satisfaction, Delta Life Insurance has become a trusted name in the industry.
It offers a wide range of insurance products including life insurance, health insurance, and investment-linked plans.
The company’s success can be attributed to its commitment to excellence, innovative solutions, and a dedicated team of professionals.
Types of Products Delta Life Insurance Offers:
- Ordinary Life Insurance
- Health Insurance
- Gono Grameen Bima
- Overseas Mediclaim Policy
- Group Life Insurance
#4 Popular Life Insurance Company Ltd.
Popular Life Insurance Company Ltd. is a leading insurance company with a strong background and a long history.
Established in 2000, it has been a trusted provider of insurance solutions for a couple of decades. Popular Life Insurance has built a solid reputation for its commitment to customer satisfaction and financial security.
The company offers a comprehensive range of insurance products including life insurance, savings plans, and retirement solutions.
With a team of experienced professionals and a customer-centric approach, Popular Life Insurance has become a preferred choice for individuals and businesses in Bangladesh.
Insurance products Popular Life Insurance offers:
- Haji Bima
- Mohorana Bima
- Education Expense
- Money Back Term
- Assurance cum Pension & Medical
- Child Scholarship
- DPS
- Single Payment Endowment
- Endowment Assurance (Multiple Plans)
- Child Protection
- Bi-Ennial
- Dobule Payment Single Premium
#5 Jiban Bima Corporation
Jiban Bima Corporation, also known as JBC, is a state-owned life insurance company in Bangladesh.
It was established on March 14, 1973, under the Jiban Bima Corporation Order 1973, which was promulgated by the government of Bangladesh.
JBC was created with the aim of providing life insurance coverage to the people of Bangladesh and promoting the growth and development of the life insurance industry in the country.
The establishment of Jiban Bima Corporation marked a significant milestone in the history of the insurance sector in Bangladesh.
Prior to its formation, the life insurance industry in the country was primarily dominated by foreign insurance companies.
You can certainly go for it as Jiban Bima is one of the best insurance companies in Bangladesh.
Types of Products You Can Have Here:
- Endowment Plans (Multiple)
- Child Protection
- Double Protection
- Overseas Mediclaim
- Individual Pension
- Three Steps
- Multiple Payment
- Money Back Term
- Single Premium
- Whole Life Assurance
- Haji Policy
- Pramila DPS
- Grameen Jiban Bima
- Progressive Premium
- Overseas Assurance
- Group Insurance
- Triple Protection Policy
- Bangabandhu Education Insurance
#6 Green Delta Insurance Company Ltd.
Green Delta Insurance Company Ltd. (GDIC) is one of the prominent insurance companies in Bangladesh.
It was established on December 14, 1985, under the Companies Act 1913. GDIC has played a significant role in the development of the insurance industry in Bangladesh and has a strong reputation for its quality services.
The company was founded by a group of prominent entrepreneurs led by Mr. Nasir A. Choudhury, a renowned industrialist, and philanthropist.
The vision behind GDIC was to create a local insurance company that would provide comprehensive and reliable insurance services to the people of Bangladesh.
Type of Products GDIC sales:
- Covid Insurance
- Fire Insurance
- Motor Insurance
- Health Insurance
- Marine Insurance
- Travel Insurance
- Burglary Insurance
- Nibedita
- Agriculture Insurance
- One Stop Service
- All Risk Insurance
- Personal Accident Insurance
#7 Takaful Islami Insurance Ltd.
Takaful Islami Insurance Ltd. (TIIL) is a prominent Islamic insurance company in Bangladesh.
It was incorporated on November 2001 and received its license from the Insurance Development and Regulatory Authority (IDRA).
TIIL operates in compliance with the principles of Islamic Shariah and offers Takaful (Islamic insurance) products and services to individuals and businesses.
The establishment of TIIL was driven by the growing demand for Islamic financial products and services in Bangladesh.
The company aimed to provide an alternative to conventional insurance by offering insurance solutions that align with the principles of Shariah, which prohibit interest (Riba) and uncertainty (Gharar).
Type of insurance products you are going to get from TIIL:
- Fire Insurance
- Motor Insurance
- Engineering Insurance
- Health & Accident Insurance
- Marine Insurance
- Miscellaneous Insurance
#8 Agrani Insurance Company Ltd.
Agrani Insurance Company Ltd. was established in 2000, under the General Insurance Act of Bangladesh. The company obtained its license to operate as a general insurance company in Bangladesh.
Agrani Insurance Company Ltd. started its operations with the aim of providing various insurance services to individuals, businesses, and industries in Bangladesh.
Since its inception, Agrani Insurance Company Ltd. has focused on building a strong presence in the insurance market of Bangladesh.
The company has been committed to delivering quality insurance services to its customers and establishing itself as a reliable and trustworthy insurer.
Types of Products Agrani Insurance Company Provides:
- Fire Insurance
- Health Insurance
- Burglary Insurance
- Marine Insurance
- Motor Insurance
- All Risk Insurance
- Contract All Risk
- Cash-in-Transit & Cash-in-Safe
#9 Sunlife Insurance Company Ltd.
Sunlife Insurance Company Limited (SLICL) is a progressive and one of the best life insurance companies in Bangladesh.
It officially came into existence on March 1, 2000, when it was incorporated as a Public Limited Company.
The visionary behind the establishment of SLICL was the late Mr. Col. A. Maleque (PSC), a prominent figure who served as a Minister as well.
Type of Products Sunlife Insurance Offers:
- Child Protection
- Three-Payment Assurance
- Endowment Assurance
- Renewal Group Term
- Group Endowment
- Mitali Bima
- Biennial Payment
- Deposit Pension
- Single Payment
- Hajj Bima
- Denmohor Bima
- Supplementary Insurance
#10 Meghna Life Insurance Company Ltd.
The journey of Meghna Life Insurance started 20 years ago and it has been very successful to encompass over 25 million lives.
The enormity of this responsibility recognizes the immense value of this insurance company in Bangladesh.
Over the years, Meghna Life Insurance Company has evolved into a profound bond of trust with millions of individuals.
Products of Meghna Life Insurance:
- EKOK Bima
- Group Insurance
- LOKO Bima
- Islamic Bima
- Supplementary Insurance
- PROBASHI Bima
#11 Pioneer Insurance Company Ltd.
Pioneer Insurance Company Ltd. was established in Bangladesh in 1996. It was one of the early entrants into the non-life insurance sector in the country.
The company was founded with the goal of providing a range of insurance products and services to individuals, businesses, and industries.
Over the years, Pioneer Insurance Company Ltd. experienced steady growth and expanded its operations across Bangladesh.
Products Pioneer Insurance Company Ltd. Offers:
- Aviation Insurance
- Motor Insurance
- Marine Insurance
- Fire Insurance
- Miscellaneous Insurance
- Engineering Insurance
#12 Fareast Islami Life Insurance Company Ltd.
Fareast Islami Life Insurance Company Ltd. was established in Bangladesh on December 14, 2000.
The company was founded with the aim of providing Shariah-compliant life insurance solutions to individuals and businesses in Bangladesh.
As an Islamic life insurance company, Fareast Islami Life operates in accordance with the principles of Islamic Shariah.
Types of Insurance Products FILICL Offers:
- Pension Bima
- Hajj Bima
- Denmohor Bima
- Child Protection
- Pension Scheme
- Islami Money Back Bima
- Child Education
#13 Pragati Insurance Ltd.
Pragati Insurance Limited was incorporated on May 13, 1986, as a public limited company.
The company was established with the objective of providing a range of insurance products and services to individuals and businesses in Bangladesh.
Since its inception, Pragati Insurance Ltd. has experienced steady growth and has become a significant player in the non-life insurance industry in Bangladesh.
Products/Services Pragati Insurance Limited Provides:
- Motor Insurance
- Marine Insurance
- Aviation Insurance
- All Risks Insurance
- Miscellaneous Insurance
- Fire Insurance
- Health & Accident Insurance
- Engineering Insurance
Final Words on Insurance Companies in Bangladesh
Overall, it must be said that the insurance industry in Bangladesh boasts a diverse array of top-performing companies. We have listed the top 13 insurance companies in Bangladesh here to help you make your decisions easier.
All these companies provide essential coverage and financial protection to millions of individuals and businesses across the nation.
With their customer-centric approach, innovative products, and commitment to trust, they have earned the confidence of policyholders.
We recommend you pick the insurance company that best meets your needs and requirements.
