Assets of Life and Non-life Insurance Companies

According to the annual report of 2017-18, the total assets of the insurance companies in
Bangladesh is about BDT 48,177 crore. The life insurance company has a total assets of BDT
37052.36 crore and rest of BDT 11,124.29 crore taka is owned by the non-life insurance
companies.

Concentration of Assets - Life Insurance Business:

Percentag
Assets e
Furniture 0.23%
Land and land dev. 6.30%
Other fixed 0.76%
Policy loan 3.38%
Investments (exc.
48.60%
FDR)
Interest dividend 2.91%
Agent Balance 0.13%
Outstanding
3.01%
premium
Advance and deposit 4.49%
Cash (Inc. FDRs) 28.86%
Other assets 1.34%

40.00%
35.00%
30.00% 33.56%

25.00%
20.00%
19.19%
15.00%
10.00% 11.58%
8.95%
5.00%
3.73% 0.00%
0.00% 1.84% 1.01%
0.41% . 0.09%
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Concentration of Assets – Non-Life Insurance Business:

Percentag
Assets
e
Furniture and fixture 0.41%
Land and land dev. 8.95%
Other fixed 3.73%
Investments (exc. FDR) 19.19%
Interest dividend and rent 1.84%
Preliminary expenses 0.00%
Pre-operation expense 0.09%
Advance and deposit 11.58%
Cash (Inc. FDRs) 33.56%
Other assets 1.01%
Deferred expense 0.07%
Receivable from Re-insurers 14.41%
Stock of Printing Forms, Stationery and
5.17%
Stamp

40.00%
35.00%
30.00% 33.56%
25.00%
20.00%
15.00% 19.19%
10.00% 14.41%
11.58%
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0.00% 3.73% 5.17%
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 Premiums of Life and Non-life Insurance Companies
Life insurance industry recorded a premium income of BDT 8198.46 crore during 2017 against
BDT 7588.45 crore in the previous financial year, registering a growth of 8.04%. Ordinary life
product contributed 67.80% i.e. BDT 5558.88 crore, Micro insurance product contributed
14.66% i.e. BDT 1202.17 crore, Group and Health product contributed 6.0% i.e. BDT 491.73
crore and Takaful product contributed 11.53% i.e. BDT 945.67 crore to the total Gross Premium.

Gross Premium category-wise in Life Insurance Business:

Percentag
Categories e
Ordinary 67.80%
Micro 14.66%
Group and Health 6%
Takaful 11.53%

80.00%

70.00%
67.80%
60.00%

50.00%

40.00%

30.00%

20.00%

10.00% 14.66%
11.53%
6.00%
0.00%
Ordinary Micro Group and Health Takaful

In 2017, the total gross premium collection of Non-life insurance company was BDT 2981.43
crore compared to BDT 2772.88 crore recorded in the year 2016. There was a positive growth of
7.52%. The gross premium was mainly driven by fire insurance business which accounted for
40.09%.
Amount of Gross Premium in Non-Life Insurance Business:

Types of Amount of
policy premium
Fire 1195.14 crore
Marine 1006.2 crore
Motor 361.63 crore
Miscellaneou
418.47 crore
s

1400

1200

1000

800

600

400

200

0
Fire Marine Motor Miscellaneous
 Market Shares of Life and Non-life Insurance Companies

Company-wise Market share - Life insurance Business

Insurer Market share Insurer Market share Insurer Market share

Alpha 0.07% JBC 5.80% Progressive 0.91%
Baira 0.17% LIC 0.09% Protective 0.15%
Best 0.14% Meghna 5.23% Rupali 2.50%
Chartered 0.10% Mercantile 0.12% Sandhani 2.22%
Diamond 0.16% MetLife 29.64% Swadesh 0.04%
Delta 7.63% National 10.63% Sonali 0.50%
Fareast 12.35% NRB Global 0.04% Sunflower 1.46%
Golden 0.31% Padma Islami 1.32% SunLife 1.32%
Guardian 1.84% Popular 6.12% Trust Islami 0.23%
Homeland 1.38% Pragati 2.83% Zenith Islami 0.30%
Jamuna 0.13% Prime Islami 4.24%

We can see, MetLife has the highest rate of market share i.e. 29.64%. The second position holder
is Fareast Islami Life Insurance Company LTD with 12.35% market share and National Life
Insurance company holds the third position with 10.63% share.

NBR Global and Swadesh Life insurance Company are in the lowest position with 0.04% market
share each.
Company-wise Market Share - General Insurance Business

Market Market Market Market Market

Insurer Insurer Insurer Insurer Insurer
Share Share Share Share Share
Desh Sonar
Agrani 1.25% 0.54% Janata 1.07% Pragati 5.58% 1.36%
General Bangla
South
Asia 1.70% Dhaka 1.01% Karnaphul 1.03% Prime 2.25% 0.22%
Asia

Asia Pacific 1.57% East Land 3.46% Megana 1.38% Provati 1.62% Standard 0.72%

Cooperativ
0.43% Eastern 1.40% Mercantile 1.09% Purubi 0.23% Takaful 1.33%
e
BGIC 2.45% Express 1.34% Nitol 2.25% Reliance 8.63% Union 1.09%
BD Northern
1.60% Faderal 1.48% 1.42% Republic 1.60% United 1.50%
National Gen

Central 1.16% Global 0.79% Paramount 0.65% Rupali 2.89%

City Green
1.46% 11.05% Peoples 2.18% SBC 8.00%
General Delta
Islami Insu Sena
Continental 1.98% 1.44% Phoenix 2.39% 0.88%
BD Kalyan
Islamic
Crystal 1.37% 1.38% Pioneer 8.92% Sikder 0.86%
Com