Pragati Insurance Limited (Bangladesh)

Pragati Insurance Limited (PIL) is a leading private non-life insurance company in Bangladesh. It was established in 1986 by a group of young Bangladeshi entrepreneurs. The company offers a complete range of general insurance products and services in various areas such as motor, marine, energy, property and casualty, health, accident, and liability. PIL has a strong capital base and reinsurance partnerships with highly rated national and global re-insurers. It is listed on both stock exchanges in Bangladesh and has a head office located in Dhaka, with branches throughout the country. The company is rated 'AAA' for its long-term rating by the National Credit Rating Ltd., indicating very strong financial security characteristics. Pragati Insurance Limited has received several awards and accolades for its quality and excellence in service. As of December 2021, the company has a paid-up capital of Tk. 655.90 million and reserves of Tk. 2,868.31 million, with total assets exceeding Tk. 5,679.79 million. The company's investments as of December 31, 2021, amount to Tk. 720.03 million, and it owns freehold land and a commercial space in Dhaka valued at Tk. 2,144.64 million. Pragati Insurance Limited emphasizes excellent service and prompt settlement of claims, having settled claims totaling Tk. 279 million in 2021.