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Chartered Life Insurance Company Ltd. (Dhaka) (Bangladesh)

Main Activities: Direct Life Insurance Carriers
Full name: Chartered Life Insurance Company Ltd. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The Company is a life insurer licensed by Insurance Development Regulatory Authority (IDRA) operating business in Bangladesh. The Company sells individual life insurance policy and Group life insurance policy.The Company offers a wide variety of insurance products which fulfils the requirements of our present and prospective policyholders.
The Company have high profile business well known person who are the sponsors of our company such as Unique Group, Energypac Group, GPH Power eneration Ltd, Crown Cement, Reedisha Group, Kuhinur Cemical (BD) Ltd, Golden Oil Mills Ltd. and Prantik Group. Mr. Md. Afsar Uddin Ahmed, FCA, AIA is an Actuary and Trust Re is a Reinsurer of the company.
The Company invested its fund in schedule banks and Govt Treasuries Capital Market, where from good income is generated and as a result attractive returns are available to give benefits to shareholders as well as policyholders as dividend and bonus. The Company always maintained strong corporate culture, corporate governance, code of conduct, ethical principles and corporate social responsibilities.
The Company s Vision is to become the local and regional market leader in life insurance business.
The Company s Mission is to provide real time service to the policyholders using modern technology by practicing in our domestic market real corporate culture and build up professional team. Also is to run the business ethically preferring basic belief values, to establish a culture of corporate good governance and protect the interest of stakeholders, to develop innovative products in order to ensures growth profitability and service of the entity for a long run, to ensure standard management system for valuing employees as a valuable asset and to introduce ourself uniquely in competitive advantage in the insurance industry.
The Company was incorporated as a Public Limited Company by shares under the Companies Act, 1994 bearing registration number C-110562/13 and having registered office in Bangladesh on 29th July, 2013 and obtained permission for commencement of insurance business from the Insurance Development Regulatory Authority (IDRA), Government of the Peoples Republic of Bangladesh, with effect from 30th July, 2013 for carrying out life insurance business.
The Company listed on Dhaka and Chittagong Stock Exchange.

Headquarters
Islam Tower (8Th Floor), 464/H, D. I. T Road, West Rampura
Dhaka; Dhaka; Postal Code: 1219

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Website: http://www.charteredlifebd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2013
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Vice Chairman
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Vice Managing Director
Ownership Details
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32.249%
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7.171%
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6%
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6%
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6%
Company Performance
Financial values in the chart are available after Chartered Life Insurance Company Ltd. (Dhaka) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net insurance premium revenue
24.24%
Operating profit (EBIT)
-14.77%
Net Profit (Loss) for the Period
-9.45%
Total assets
43.5%
Investments
75.4%
Receivables
2.87%
Total equity
66.67%
Return on Equity (ROE)
-14.84%
Loss Ratio
-7.75%
Underwriting Expenses Ratio
-2.69%

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