Meghna Insurance Co. Ltd

In the ninetieth decade some enthusiastic Bangladeshi professionals along with some others of similar state of mind dreamed of establishing a Life Insurance Company in order to participate in the financial activities of the country such as reduction of unemployment, alleviation of poverty and to contribute to the nation for the upliftment of the lot of common people. Eventually due to ceaseless efforts and courageous initiative of the Chairman and some other entrepreneurs, Meghna Life Insurance Co. Ltd. was emerged in 1996. The main object of Meghna Life was to provide maximum financial security to a person and families by giving modern Insurance facilities. Its other objectives are to turn it into a profitable savings institution through payment of bonus at an attractive rate and enriched servicing and invest the accumulated small savings in the nation building various welfare and profitable projects. The main object of Meghna Life was to provide maximum financial security to a person and families by giving modern Insurance facilities. Its other objectives are to turn it into a profitable savings institution through payment of bonus at an attractive rate and enriched servicing and invest the accumulated small savings in the nation building various welfare and profitable projects. The authorized capital of the company is Tk. 60 crore and paid up capital at present stands at Tk. 23.03 crore. In 1996 Premium income, Life Fund & Investment was Tk. 3.30 crore, Tk. 0.04 crore & Tk. 2.59 crore respectively and in 2011 such Premium income, Life Fund & Investment increased to Tk. 392.78 crore, Tk. 900.16 crore & Tk. 671.58 crore respectively. From 1996 to 2011 Meghna Life paid 43.38 crore taka as death claim, taka 186.18 crore as survival benefit, taka 67.85 crore as maturity claims and taka 31.48 crore as bonus to the policy holders. This success has been possible due to constant guidance supervision and ceaseless efforts of the Honorable Chairman and Directors and the present competent management. It soon made a mark in the Life Insurance arena by not only being the top listed among the Private sector indigenous companies, but by undertaking and successfully implementing innovative and welfare oriented Life Insurance schemes. It introduced an array of conventional Life and other Insurance products of Loko Bima, Islami Bima (Takaful), Swanirvor Bima and Islami Khudra Bima (Takaful) many of which were the first in Bangladesh. For the first time Hospitalization benefit Insurance product was also introduced by Meghna Life. Meghna Life has earned reputation in every corner of the insurance Industry. It can take pride of its prestigious achievements which are molded with transparency, accountability, impeccable working capacity, sincerity, honesty and sagacity. The company has diversified its products to match customer’s needs and satisfaction. Currently it provides multifarious Life Insurance products to cater to the aspirations & needs as well as religious beliefs to the clients. There is no iota of doubt that Meghna life will go forward with its new missions and visions in the days to come.