Page 3 - Insurance Development News Today

Sonali Life Insurance Company’s former chairman Mostafa Golam Quddus and his six family member directors have embezzled at least Tk 187.84 crore from the company, an audit has found.

This question was posed by Gokul Chand Das, Member, Insurance Development and Regulatory Authority IDRA) at the Asia banking and Finance Magazine Awards ceremony in Singapore in July 2018, where Guardian Life won three awards. A very positive discussion ensued during which I...

Insurance Policy Discontinuation Bangladesh: More than 26 lakh insurance policies have lapsed in Bangladesh in the last 14 years owing to a raft of factors including the worsening of financial health of clients, a lack of awareness among them, and agents’ tendency not to explain product features properly while selling them.

DHAKA, March 1, 2024 (BSS) - Prime Minister Sheikh Hasina today inaugurated the National Insurance Day-2024 aimed at promoting the

Prime Minister Sheikh Hasina on Friday bemoaned that there was no fire exit in the multi-storied building that caught fire in the capital’s Bailey Road leaving dozens of people dead. “The fire that broke out in Bailey Road, that is a multi-storied building, but...

Bailey Road building had no fire exit : Prime Minister Sheikh Hasina today bemoaned that there was no fire exit in the multi-storied building that caught fire on Bailey Road leaving dozens of people dead

The Insurance Development and Regulatory Authority (Idra) is now seeking cooperation from ministries and public entities to expand insurance coverage for citizens and properties of the country in order to reduce the risks of damage and losses. Currently, insurance penetration...

Bangladesh is set to officially launch Bancassurance today, an arrangement between banks and insurance companies to sell insurance products.

In 1972, Bangladesh nationalized its insurance industry through the Bangladesh Insurance (Nationalization) Order 1972, excepting postal life and foreign life insurance.

To develop the insurance industry, it is imperative to increase its contribution to the country’s overall economy by increasing public awareness about insurance.  Since 2000, March 1 has been celebrated as Insurance Day.  Sheikh Kabir Hossain, president of...