Managing Director & CEO Desk
Popular Life Insurance Company Ltd. Is a leading & prominent life insurance company in the country’s insurance sector having all kinds of lucrative life insurance products & services.The company was incorporated as a public limited company on september 26, 2000 under the Companies Act, 1994 and commenced it’s journey in the same year. The company obtained the certificate of registration from the Chief Controller of Insurance, Department of Insurance on October 04, 2000. Currently the company has been operating under the legal framework of the revised insurance Act, 2010 under the supervision of Insurance Development and Regulatory Authority (IDRA) under the Ministry of Finance. Popular Life Insurance Company Ltd. (PLICL) started it’s operation with a paid up capital of TK 30 million against an authorized capital of Tk. 250 million being sponsored by a group of individual linked to reputed business concern. Both authorized and paid up capital have been enhanced to Tk. 5000 million and 604.28 million respectively as on 31st December, 2017. The company has been listed with Dhaka Stock Exchange and Chattogram Stock Exchange on July 10, 2005 and the shares of the company are traded under “A” category in both the houses. The company has obtained Claim Paying Ability(CPA) rating “AA” based on the financial report upto December 31,2016. As per financial statement of 2017, the company has earned Premium income 5,011.62 million where life fund stands Tk. 22,866.74 million. Total assets of the company stands Tk. 25330.84 million and investment becomes Tk. 20,811.28 million. Since inception company has paid Tk. 31724.10 millions to 2.85 million Policy holders up to November 2017. The company has built up a strong IT infrastructure to provide prompt services to the policy holders as well as to be alligned with recent approaches of the government towards a more digitalized and brighter future of the country. Our motto is to reach to the doors of every insurable person of the country. We , not only contribute to the economy through our business operations, but also to the socio-economic development of the nation. Our works towards corporate social responsibility includes campaign against drug abuse , human traffiking, tree plantation , vitamin A campaign, elusive use of narcotics etc. We have also extended our contribution and stood besides the victim of floods , cyclones and landslides.