Chartered Life Insurance PLC
DDSE:CLICL46.60
BDT
+2.00
(+4.48%)
ISIN
BD0755CLICL3
Return %
Stock
S&P 500
1Y
-8.98
14.20
3Y
-16.93
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Mohammad Amdad Ullah
- Full Time Employees
- 123
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Oct 30, 2022
- Website
- charteredlifebd.com
- Similar Companies
- Business
- Chartered Life Insurance PLC is a Bangladesh-based life insurance company engaged in underwriting, marketing, and administering a comprehensive portfolio of individual, corporate, and microinsurance solutions. Founded in 2013 and headquartered in Dhaka, Bangladesh, the company provides life financial protection, savings, and investment-linked plans to retail, commercial, and institutional clients nationwide. The company's product and service offerings comprise: individual life assurance, including regular endowment plans, anticipated multi-stage endowment schemes, whole life policies, single-premium policies, term life protection, and child education and marriage endowment plans; group insurance products, featuring corporate group term life assurance, group accidental death and dismemberment (AD&D) coverage, group hospitalization and critical illness benefits, and corporate employee benefit solutions; microinsurance and financial inclusion policies, encompassing low-cost micro-endowments, credit-linked life protection for microfinance borrowers, and rural life cover; and supplementary rider benefits, offering accidental death coverage, permanent total disability (PTD) riders, critical illness protection, and hospital cash allowances. In recent strategic developments, the company completed its initial public offering (IPO) and listed its equity on the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker symbol CLICL, formally transitioning its corporate identity to Chartered Life Insurance PLC. The company has actively expanded its market reach through bancassurance alliances with domestic commercial banking institutions following regulatory framework approvals by the Insurance Development and Regulatory Authority (IDRA) and Bangladesh Bank. Additionally, Chartered Life Insurance PLC has accelerated its digital modernization initiatives by deploying automated policy issuance systems, integrated electronic know-your-customer (e-KYC) onboarding, mobile financial service premium collection channels, and streamlined digital claims processing infrastructure across its nationwide branch and agency network.