Top 10 Insurance Companies in Bangladesh (List of 2023)
Insurance is a mode of financial security that counters against unexpected circumstances, that might incur financial loss and insecurity. It is an important aspect of financial planning to protect oneself from unplanned misfortunes that entails heavy financial repercussions.
This article elaborates on the top insurance companies in Bangladesh.
1. MetLife
Call: 09-666-7-16344 – Visit Website
Operating in Bangladesh since 1952, the Metropolitan Life Insurance Company, abbreviated as MetLife, is one of the most prominent insurance companies in Bangladesh. The company offers Life Insurances, Health Insurances, Education Insurances, and a wide variety of other insurance, plans to cater to its customers.
2. Delta Life Insurance Co Ltd
Call: 02-5505-019 – Visit Website
Established in 1984, Delta Life Insurance Co Ltd is one of the largest domestic insurance providers of Bangladesh. The company is known for providing on time insurances services to its customers. The company offers life insurance, micro insurance, group life insurance, health insurance, and more.
3. Jiban Bima Corporation
Call: 02-223383063 – Visit Website
Established in 1973, Jiban Bima Corporation is a public life insurance corporation in Bangladesh. The corporation is highly reliable and trusted, as it is owned by the state. Jibon Bima Corporation offers 15 different types of life insurance schemes which includes whole life insurance, child protection policy, children endowment, and more.
4. Popular Life Insurance Co Ltd. (PLICL)
Call: 9577534-38 – Visit Website
Established in 2000, popular Life Insurance Co Ltd. is a leading insurance company in Bangladesh. The company has captivated the insurance market by providing lucrative insurance policies such as Child protection plans with profits, Mohorana Bima Plan with profits, Assurance cum Pension and Medical Benefit plan, and more.
5. Sandhani Life Insurance Co. Ltd
Call: 9664931 – Visit Website
Operating since 1990, Sandhani Life Insurance Co. Ltd is one of the biggest insurance providers of Bangladesh. The company is renowned for providing their services vastly throughout Bangladesh in both urban and rural areas. The company provides services such as Micro Insurance, Group Bima (Group Insurance), Health Bima (Health Insurance), and more.
6. Meghna Life Insurance Company Limited
Call: 09613-440440 – Visit Website
Operating since 1996, Meghna Life Insurance Company Limited is one of the leading insurance companies in Bangladesh. The company offers numerous insurance schemes such as Islamic Life Insurance, Ordinary Life Insurance, Micro Life Insurance, and more. Their insurances have gained recognition for their affordability and customer responsiveness.
7. Takaful Islami Insurance Ltd
Call: 02-41070071 – Visit Website
Established in 2001, Takaful Islami Insurance Ltd is one of the top insurance companies in Bangladesh. The company is well known for offering a large variety of insurances from Life Insurance, to Fire Insurance, to Motor Insurance, Marine Insurance, and more.
8. Pragati Insurance Company Limited
Call: 02-9026507 – Visit Website
Established in 2000, Pragati Life insurance is one of the biggest insurance companies of Bangladesh. It offers insurances ranging from Micro Insurance, Group Insurance, Health Insurance, and more.
9. Padma Life Insurance Company Ltd
Call: 02-8311809 – Visit Website
Operational since 2000, Padma Life insurance is one of the most popular insurance companies in Bangladesh. The company offers insurance ranging from Life Insurance, Hajj/ Omrah insurance, Deposit Pension Scheme, and more.
10. Sunlife Insurance Company Ltd
Call: 02222275562-67 – Visit Website
Sunlife Insurance Company Ltd is one of the most popular insurance companies of Bangladesh. The company offers a wide variety of insurance plans customized to the desired needs of its customers. Some of the insurance plans offered by the company includes Child Protection Assurance (With Bonus), Renewable Group Term Assurance, Hajj Bima Plan (With Profits), and more.
The aforementioned insurance companies dominate the insurance market of Bangladesh. Millions of people subscribe to the insurance plans provided by these companies to secure themselves financially, and receive financial assistance at the time of their need.