In Bangladesh, the insurance sector consists of several types of companies, along with aggregators that connect customers with various insurance products. Here’s a breakdown of the types and key players in each category: 1. Life Insurance Companies These companies offer life insurance policies, which provide financial security to beneficiaries in case of the policyholder’s death. They may also offer endowment and pension products. Examples: Sadharan Bima Corporation – The state-owned life insurance provider. Delta Life Insurance Company Ltd. Jibon Bima Corporation (government-owned) Pragati Life Insurance Ltd. Fareast Islami Life Insurance Co. Ltd. 2. Non-Life (General) Insurance Companies Non-life insurance companies provide insurance products for health, property, motor, fire, marine, and more, covering losses other than life. Examples: Green Delta Insurance Company Ltd. Pragati Insura

nce Ltd. Asia Insurance Ltd. Bangladesh General Insurance Company Ltd. 3. Microinsurance Providers Microinsurance providers offer low-premium insurance policies, generally targeted at low-income or rural populations. This sector is vital in Bangladesh, where many rural communities rely on affordable coverage. Examples: BRAC Microinsurance Grameen Kalyan (related to Grameen Bank) 4. Takaful (Islamic Insurance) Operators Takaful companies provide insurance based on Islamic Sharia principles, using a cooperative model where members contribute to a fund to cover each other in times of need. Examples: Prime Islami Life Insurance Ltd. Islami Insurance Bangladesh Ltd. Fareast Islami Life Insurance Co. Ltd. 5. Reinsurance Companies Reinsurance companies provide insurance to other insurance companies to help them manage risk. In Bangladesh, reinsurance is mainly handled by government-owned companies. Example: Sadharan Bima Corporation –

Also the main provider of reinsurance services. 6. Insurance Aggregators and Comparison Platforms Aggregators and comparison platforms allow customers to compare various insurance policies and make informed decisions. These platforms are growing in Bangladesh, helping people access multiple products conveniently online. Examples: Guardian Life Digital – A digital platform for life insurance. Policybazaar Bangladesh – A digital insurance marketplace. Bimabazaar – A comparison platform focusing on life and general insurance. 7. Insurtech Companies These are technology-based companies focusing on simplifying insurance processes and providing innovative digital solutions. Examples: Digital Khata – Provides digital insurance solutions tailored for small businesses. bimaBD – An emerging platform for digital insurance solutions in Bangladesh. Each of these types plays a vital role in Bangladesh’s insurance ecosystem, aiming to make insurance more accessible and tailored to the needs of different segments of the population.