Pragati Life Insurance PLC.

Pragati Life Insurance Limited was established on January 30, 2000, as a public limited company under the Companies Act, 1994. The company operates with the philosophy of maintaining competitiveness while practicing prudent management and fairness to all policyholders. It received registration from the Department of Insurance on April 11, 2000, under the Insurance Act, 1938, to conduct insurance business. At its inception, Pragati Life Insurance Limited had a paid-up capital of Tk.30 million against an authorized capital of Tk.250 million. The present paid-up capital stands at Tk.84 million. The company has been sponsored by renowned business entrepreneurs in the country, associated with various industrial groups. In 2005, Pragati Life went public and is listed on both the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited. The company's commitment to sound management practices and fairness underscores its mission to serve policyholders and contribute to the insurance sector in Bangladesh.