Progressive Life Insurance Co. Ltd.

The company, incorporated on 6 January 2000, commenced business on the same day, obtaining a Registration Certificate for Insurance Business on 27 February 2000. It signed its first insurance business on 28 June 2000. Noteworthy milestones include an agreement with CDBL on 28 June 2005, SEC consent for IPO issuance on 5 July 2005, and publication of the prospectus on 6 July 2005. The IPO subscription opened on 8 October 2005, with IPO share allotment on 21 November 2005. The company got listed on Dhaka Stock Exchange and Chittagong Stock Exchanges on 2 January 2006, followed by the first trading on the same day. The first public AGM was held on 26 September 2006. Other significant events include the declaration of the first policy bonus on 31 December 2008 and the 1st Extra-Ordinary General Meeting on 29 November 2011. The company obtained membership certification from the Bangladesh Association of Publicly Listed Companies on 19 May 2010. User Provati Insurance Company Limited embarked upon its business operation in 1996. Its founder Chairman was Alhaj Moksud Ali, He was also the Chairman of Bhaiya Group of Industries comprising mainly such industries as Nabisco Biscuit & Bread Factory, Dhaka Match Factory, Sattar Match Factory, Hamidia Oil Mills & Pacific Consumer Goods. Provati Insurance Company Limited is successfully & reputedly conducting its business network with 59 branches across the whole country. Consequently, employment facilities have been provided to scores of employees therein. In almost all its branches, insurance policies are being issued by computerized mechanisms. Provati Insurance Company Limited is a ISO 9001:2015 certified company and it is the first non-life insurance company that received the ISO certificate in 2008. The Company went into IPO in 2009 and it was over-subscribed by manifold. The company is "AAA" rated and steered by experienced and efficient Management. The company is a member of Bangladesh Insurance Association, Bangladesh Insurance Forum, Dhaka Chamber of Commerce & Industry and Dutch-Bangla Chamber of Commerce & Industry. Provati Insurance Company Limited, in addition to its business activity, is committed to Corporate Social Responsibility (CSR). It extends its benevolent hand to the victims of natural disasters (such as Cyclones & Floods) and human disasters ( Such as Rana Plaza Collapse). The Company sponsors a lot of recreational & sports events such as comilla Cantonment Golf Tournament. ChatGPT Provati Insurance Company Limited commenced its business operations in 1996 under the leadership of founder Chairman Alhaj Moksud Ali, who also chaired the Bhaiya Group of Industries. The Bhaiya Group includes Nabisco Biscuit & Bread Factory, Dhaka Match Factory, Sattar Match Factory, Hamidia Oil Mills, and Pacific Consumer Goods. With 59 branches nationwide, Provati Insurance is a well-established and respected company providing employment opportunities across the country. The company issues insurance policies through computerized mechanisms in most branches. It achieved ISO 9001:2015 certification in 2008, being the first non-life insurance company to receive this certification. The IPO in 2009 was oversubscribed manifold, and the company holds a "AAA" rating, guided by experienced and efficient management. Provati Insurance is a member of various industry associations and chambers, including Bangladesh Insurance Association, Bangladesh Insurance Forum, Dhaka Chamber of Commerce & Industry, and Dutch-Bangla Chamber of Commerce & Industry. In addition to its business activities, Provati Insurance Company Limited is committed to Corporate Social Responsibility (CSR). The company extends support to victims of natural disasters like cyclones and floods, as well as human disasters such as the Rana Plaza Collapse. Provati Insurance also sponsors recreational and sports events, exemplified by its support for the Comilla Cantonment Golf Tournament.