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National Life Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: National Life Insurance Company Limited Profile Updated: November 23, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

National Life Insurance Company Limited is a private sector life insurance company located in Dhaka, Bangladesh. It was established in 1985 and has since grown and developed over a period of 38 years. The company's main goal is to ensure a planned future for its policyholders. They offer a variety of life assurance products that cater to the needs, preferences, and religious beliefs of their clients. The company's slogan is "Ghore Ghore NLI Jone Jone NLI." The Board of Directors consists of resourceful individuals who are leaders in various professions and businesses. The company is known for its high level of policy bonus compared to other competitors. Under the leadership of Chairman Mr. Morshed Alam MP and Chief Executive Officer Md. Kazim Uddin, the company maintains a strong position in the insurance market in Bangladesh.

Headquarters
Nli Tower, 54 Kazi Nazrul Islam Avenue, Karwan Bazar
Dhaka; Dhaka; Postal Code: 1215

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Website: http://www.nlibd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 23, 1985
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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Director/Member of the Board
Ownership Details
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55.28%
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28.19%
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9.6%
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5.04%
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0.18%
Subsidiaries
Nli Securities Limited
Company Performance
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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
13.29%
Operating profit (EBIT)
-78.89%
Net Profit (Loss) for the Period
54.02%
Total assets
10.33%
Investments
1.64%
Total equity
2.5%
Net Premiums Earned Trend
-8.21%
Net Profit Trend
N/A
Return on Equity (ROE)
55.23%
Loss Ratio
4.45%
Underwriting Expenses Ratio
-0.75%

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