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Over half of the life insurance companies in Bangladesh exceeded their allowable management expense in 2021, putting a negative impact on life funds and eroding their capacity to settle claims.
Anwar Hossen, who holds an MBA, works for a private firm and draws a monthly salary of more than Tk 60,000. But he has not purchased any life insurance policy although private sector employees in Bangladesh are not entitled to any pension support and his four-member family will be in trouble if he faces any untimely death.
DHAKA, Sept 25, 2022 (BSS) - Speakers at a seminar today said that financial reporting in the insurance sector need
Insurance companies in Bangladesh should begin preparing their financial statements in line with international standards with a view to ensuring transparency, said speakers yesterday.
Chief executive officers of insurance companies can’t be given any additional salary, allowances, bonuses, and benefits beyond the limit stipulated in the laws, said the regulator on Monday.