Pragati Life Insurance Limited (Bangladesh)

Pragati Life Insurance Limited is a public limited company located in Dhaka, Bangladesh. It was established on January 30, 2000, under the Companies Act, 1994. The company obtained registration from the Department of Insurance on April 11, 2000, to carry out insurance business. Pragati Life started with a paid-up capital of Tk.30 million and now has a paid-up capital of Tk. 84 million. It is listed on both the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited. The company's vision is to provide financial security to clients and facilitate the creation of long-term capital in the market. Pragati Life has been developing customer-oriented and innovative products through its Actuarial Department. It has expanded its business network throughout the country and has created a franchise value in the market. Pragati Life has a reinsurance agreement with Munich Reinsurance Company, Germany, the world's largest reinsurer, since its inception. It is also the first insurance company in Bangladesh to provide policy status through Push-Pull (SMS) service and allows policyholders to access their policy details through its website.