Page 18 - Insurance Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The performance of the insurance sector in Bangladesh is very low compared to the global standards.

Over the past 20 years, Bangladesh has suffered about $3.72 billion in economic losses due to climate change, according to an analyst.

About 45 per cent of life insurance policyholders in Bangladesh don’t pay premiums after the first year owing to a number of factors, including purchasing of higher value plans compared to their affordability and agents’ tendency to not provide all key information to potential customers, said the top regulator. 

The Insurance Development and Regulatory Authority (Idra) has appointed four of its officials as observers at four life insurance companies for their failure to protect the interests of policyholders.

MetLife Bangladesh has recently honoured its best-performing financial associates, unit managers and branch managers.