We are the first general insurance company in Bangladesh in the private sector providing all classes of insurance in Bangladesh. Having been established in 29th July 1985 with an authorized capital of Tk. 100 million divided into 1,000,000 ordinary shares of Tk. 100 each. The company runs the business operation under the supervision of board of Director and legal frame work of the insurance Act, 1938 and the insurance rules, 1958 as a amended from time to time. Its initial paid up capital was Tk. 30 million. In May 1989, the company’s paid up capital was increased to Tk. 60 million by offering Tk. 30 million worth of share for public subscription, the company gained tremendous credibility in a highly competitive market.
The company runs the business operation under the supervision of board of Director and legal frame work of the insurance Act, 2010 and the insurance rules, as issued from time to time. BGIC is listed with both Dhaka and Chittagong stock exchanges. BGIC has since developed substantially with all the strengths and details prudently essential of an insurance company. It is primarily staffed with professionals of longest experience, qualified insurance technocrats of highest order of international repute and a team of highly educated and skilled personnel of commendable status. In our continuous endeavor to provide the best services to our clients, we have constantly made efforts to employ human and technological resources to enhance our position and performance. The equity structure of the company was carefully selected, not only for the financial benefit, but to support the growth of a dynamic company with the goal a major player both in the domestic and international insurance markets.
Keeping in mind our commitment to becoming the leading insurer of the nation, and being fully aware of the challenges ahead, we have already seen the positive results of the ceaseless efforts of our staff who are actively involved in creating social awareness about the value of insurance, reaching the various segments of society. We shall continue to explore the avenues to adapt our products to suit the ever-changing needs of the society, and introduce new products that would meet the needs of future lifestyles.
Bangladesh General
Insurance Company PLC
