Chartered Life Insurance Company Limited

Chartered Life Insurance Company Limited is a public limited company incorporated on July 29, 2013, under the Companies Act 1994. It operates as a life insurer licensed by the Insurance Development & Regulatory Authority (IDRA) in Bangladesh. The company has an authorized capital of 250 crores and a paid-up capital of 37.50 crores. With a wide range of insurance products, it offers individual and group life insurance policies. The company has a significant presence in Bangladesh through 35 sales offices, 24 branch offices, and 15 unit offices. It boasts high-profile sponsors, including prominent individuals and business entities. The Board of Directors, including Vice Principal Md. Abdus Shahid MP and other notable figures, contributes to the company's success. With an Actuary, Mr. Md. Afsar Uddin Ahmed, FCA, AIA, and Reinsurer Trust Re, Chartered Life Insurance Company Limited has a strong, dedicated workforce of 142 permanent employees and over 3317 development employees. The company emphasizes a positive work environment and ensures its employees are well-trained and experienced in various aspects of insurance activities. As of December 31, 2022, the company's financial performance is robust, with total assets standing at Tk. 94 crore and a life fund of Tk. 49 crore. The company strategically invests its funds in scheduled banks, government treasuries, and capital markets, generating good income and providing attractive returns to shareholders and policyholders in the form of dividends and bonuses. Chartered Life Insurance Company Limited maintains a strong corporate culture, adhering to corporate governance, a code of conduct, ethical principles, and corporate social responsibilities.