A Glimpse of The Role of Insurance Companies in Bangladesh

 An important component of the country's financial system

 Playing a significant role in the economic improvement

 Motivates investment in many important businesses

 Eradication of poverty and promotion of sustainable economic growth

 Commitment of the government paving its promising future

Types of Insurance Companies

 Captive insurance company

 Domestic

 Alien

 Lloyds of London

 Mutual

 Stock company
 Essential Elements of Insurance Contract

 General Contract

 Insurable Interest

 Utmost Good Faith

 Indemnity

 Subrogation

 Warranties

 Proximate Cause

 Assignment and Nomination

 Return of Premium
 Present scenario of insurance business in Bangladesh

 Total of 62 insurance companies are operating in Bangladesh

 Private sector of Insurance field

 Bangladesh Insurance Academy

 Getting its pace day by day with the growth of overall economic condition
Top 10 insurance company in Bangladesh

 American Life Insurance Company

 Jiban Bima Corporation
 Delta Life Insurance Company Limited
 National Life Insurance Company Limited
 Shandhani Life Insurance Company Ltd
 Meghna Life Insurance Co. Ltd
 Takaful Islami Insurance Ltd
 Pragati Insurance Co Ltd
 Padma Life Insurance Co. Ltd
 Sunlife Insurance Co. Ltd
Procedure of payment of claim of Insurance Company

 Life Insurance
Death claim
Maturity & Survival Claims

 Fire Insurance
 Marine Insurance
Factors affecting the rate of premium in terms of Insurance

 Life Insurance
 Fire Insurance
 Marine Insurance
 Problem and Prospect of Insurance Companies in Bangladesh

Problems Prospects

Social Problems Developing mass awareness

Economic Problems
Political problems
Other problems
Scope in non-traditional sector
Scope of investment
Service diversification
Higher GDP
 Recommendations

 Spread of insurance education

 Publicity & increase of awareness
 Increase of training facilities
 Formulation of effective Principles
 Uphold the interest of policy holder
 Govt. monitoring system
 Conclusion

֍ Important to the business and individual sector

֍ BGIC need to develop their some productive sectors

֍ Need to Increase both foreign and local investors

֍ Progress depends on the progress of economic condition

֍ To Flourish this business in Bangladesh