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Popular Life Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Popular Life Insurance Company Limited Profile Updated: November 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Popular Life Insurance Company Limited is a company located in Dhaka, Bangladesh. It was established on September 26, 2000, by a group of local entrepreneurs. The company has gained recognition in the life insurance industry by being a leader among private sector indigenous companies. They have successfully implemented innovative and welfare-oriented life insurance schemes. Popular Life also introduced micro-life insurance-cum-savings products specifically designed for the needs and affordability of the poor population in Bangladesh, which constitutes more than 80% of the country's population. The company offers a wide range of ordinary life insurance products, including endowment plans, payment scheme policies, pension plans, Hajj Bima, education stipend plans, and child protection. They also provide micro-insurance products to cater to the economic protection and regular savings needs of the low-income group living in villages.

Headquarters
Peoples Insurance Bhaban, 36 Dilkusha C/A (17Th Floor)
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.popularlifeins.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:
September 26, 2000
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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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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62.02%
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23.7%
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14.28%
Subsidiaries
Pli Asset Management Limited
Popular Life Securities Limited
Company Performance
Financial values in the chart are available after Popular Life Insurance Company Limited 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
6.63%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
79.28%
Total assets
1.73%
Investments
-5.03%
Total equity
-4.24%
Return on Equity (ROE)
55.55%
Loss Ratio
96.09%
Underwriting Expenses Ratio
-0.16%

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