General Insurance Companies in Bangladesh (2023)

When it comes to protecting our assets and securing our future, insurance plays a vital role. In Bangladesh, Several general insurance companies provide non-life insurance coverage to protect individuals and businesses from unexpected risks.

Whether it’s your property, vehicle, or business, these companies are dedicated to providing reliable and comprehensive insurance solutions. In this article, we will explore the top general insurance companies in Bangladesh to ensure you find the right coverage to protect what matters most.

Non-Life Insurance Companies in Bangladesh

According to IDRA, there are 46 general insurance companies in Bangladesh. Here is a comprehensive list of general insurance companies in Bangladesh, offering a range of coverage options to protect you and your assets:

Serial Company/Corporation Name Website
1 Agrani Insurance Company Limited
2 Asia Insurance Limited
3 Asia Pacific General Insurance Company Limited
4 Bangladesh Co-Operative Insurance Limited
5 Bangladesh General Insurance Company Limited
6 Bangladesh National Insurance Company Limited
7 Central Insurance Company Limited
8 City General Insurance Company Limited
9 Continental Insurance Limited
10 Crystal Insurance Company Limited
11 Desh General Insurance Company Limited
12 Dhaka Insurance Limited
13 Eastern Insurance Company Limited
14 Eastland Insurance Company Limited
15 Express Insurance Limited
16 Federal Insurance Company Limited
17 Global Insurance Limited
18 Green Delta Insurance Company Limited
19 Islamic Commercial Insurance Company Limited
20 Islami Insurance Bangladesh Limited
21 Janata Insurance Company Limited
22 Karnaphuli Insurance Company Limited
23 Meghna Insurance Company Limited
24 Mercantile Insurance Company Limited
25 Nitol Insurance Company Limited
26 Northern Islami Insurance Limited
27 Paramount Insurance Company Limited
28 Peoples Insurance Company Limited
29 Phoenix Insurance Company Limited
30 Pioneer Insurance Company Limited
31 Pragati Insurance Limited
32 Prime Insurance Company Limited
33 Provati Insurance Company Limited
34 Purabi General Insurance Company Limited
35 Reliance Insurance Limited
36 Republic Insurance Company Limited
37 Rupali Insurance Company Limited
38 Sadharan Bima Corporation
39 Sena Kalyan Insurance Company Limited
40 Sikder Insurance Company Limited
41 Sonar Bangla Insurance Limited
42 South Asia Insurance Company Limited
43 Standard Insurance Limited
44 Takaful Islami Insurance Limited
45 Union Insurance Company Limited
46 United Insurance Company Limited

Please note that this list may not be exhaustive as the insurance industry is dynamic and new companies may enter the market. We recommend that you visit their websites or contact the Insurance Development and Regulatory Authority (IDRA) for the latest information on non-life insurance companies in Bangladesh.

How do I choose the Right Insurance Company?

When selecting an insurance company, there are essential factors to consider:

Coverage Options

Look for a company that offers a wide range of coverage options to suit your specific needs. Whether it’s property, vehicle, health, or travel insurance, having a diverse portfolio allows you to find the perfect protection.

Customer Reviews and Reputation

Check customer reviews and the company’s reputation to gauge their reliability and customer satisfaction. Positive feedback and a good reputation indicate a trustworthy insurer.

Claim Settlement Process

A quick and hassle-free claim settlement process is crucial during emergencies. Choose a company with a smooth and efficient claims procedure.

Financial Stability

Ensure the insurance provider is financially stable to meet their commitments in the event of a claim. Look for companies with a strong financial background.

Customer Service

Excellent customer service is essential for a smooth insurance experience. Choose a company with friendly and responsive customer support.

Frequently Asked Questions (FAQs)

What is non-life insurance?

Non-life insurance, also known as general insurance, provides coverage for assets and liabilities other than human life. It includes property, vehicle, health, and travel insurance, among others.

What is a General insurance company?

Life insurance and general insurance are two different forms of insurance. General insurance covers any other risk except for the life risk of the person injured.

How can I purchase insurance from these companies?

You can buy insurance from these companies through their websites, branch offices, or authorized agents. Online purchase options are also available for convenience.

Are these insurance companies regulated by the government?

Yes, The Insurance Development and Regulatory Authority (IDRA) regulates and supervises all insurance companies in Bangladesh.

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