Page 36 - Insurance Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Delta Life Insurance gets new administrator Sultan-ul-Abedin Mollah. Photo: Collected An administrator has been appointed to Delta Life Insurance "to protect policy holders' interest". Sultan-ul-Abedin Mollah, a former member of the Insurance Development and Regulatory Authority (IDRA), was appointed today. After taking charge, Mollah, in a press briefing, said he was appointed for the betterment of the leading life insurance company. "I will work to protect policy holders' interest as per IDRA order." The insurance regulator came up with the steps after the VAT Intelligence Department filed ...

Case filed over Tk 35.18cr VAT evasion Administrator appointed to Delta Life Ins The Insurance Development & Regulatory Authority (IDRA) yesterday appointed an administrator with immediate effect to one of the sector's leading entities, Delta Life Insurance Company, explaining that it was to protect policyholders' interests.  Meanwhile, the VAT Audit, Intelligence and Investigation Directorate filed a case against the Delta under the VAT act alleging that it had evaded paying Tk 35.18 crore in VAT. The insurance regulator's logic behind appointing Sultan-ul-abedin Mollah, a former IDRA memb...

Bourses see extensive profit booking Bourses witnessed widespread profit-booking last week when the insurance stocks rose the most thanks to a regulatory move on minimum shareholding compliance. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 73.14 points, or 1.24 per cent, during the week. Meanwhile, insurance stocks went upward riding on news that the regulator issued letters to all the companies to maintain a paid-up capital of Tk 30-40 crore. Almost all the top gainers were from the insurance sector. For instance, Agrani Insurance rose 21.9 per cent in the week follow...

Insurance leads stocks’ gain Star Business Report Star Business Report Insurance stocks led the capital market yesterday thanks to a regulatory order to abide by rules, including maintaining the minimum paid-up capital requirement. The DSEX, the Dhaka Stock Exchange's (DSE) benchmark index, rose 19 points, or 0.32 per cent, to 5,820 yesterday. Among the listed 49 insurance stocks, 46 advanced and the rest remained unchanged. The Insurance Development and Regulatory Authority (IDRA) issued an order on January 17 asking all insurance companies to raise sponsor shareholdings to 60 per cent ...

Despite jitters, 2020 was a banner year for stocks Despite all the economic uncertainty amid the ongoing coronavirus pandemic, 2020 saw growing investor confidence in the country's stock market, which rose by more than 20 per cent this past year. DSEX, the benchmark index of the Dhaka Stock Exchange, stood at 4,453 points at the beginning of the year on January 1 while it was 5,402 by the end of December. A number of indications influenced the upward trend in investor confidence, such as a change to the market regulator's long-standing leadership and policy support from Bangladesh Bank, accor...