Desh General Insurance Company Ltd
DDSE:DGIC41.60
BDT
+0.60
(+1.46%)
Desh General Insurance Company Ltd
DSE:DGIC
(Dhaka Stock Exchange)
Recent
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41.60
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yld
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- Business
- Desh General Insurance Company Limited is a Bangladesh-based non-life insurance institution that underwrites and distributes a comprehensive portfolio of general insurance and risk management products to commercial, corporate, industrial, and retail clients. Founded in 2000 and headquartered in Dhaka, Bangladesh, the company conducts its underwriting operations nationwide through a broad network of regional and urban branches. Desh General Insurance Company Limited structures its core underwriting portfolio across five principal business segments: Fire Insurance, which provides protection against fire and allied perils, property all risks, industrial all risks, and power plant operational packages for industrial plants, warehouses, factories, machinery, and commercial buildings; Marine Insurance, which encompasses marine cargo coverage for import, export, and domestic inland transit across road, rail, maritime, and air routes, as well as marine hull insurance for commercial vessels and river craft; Motor Insurance, which delivers comprehensive own-damage and third-party liability coverage for private motor vehicles, commercial transport fleets, public conveyances, and motorcycles; Engineering Insurance, which offers technical risk coverage including contractors all risks, erection all risks, machinery breakdown, boiler and pressure vessel explosion, electronic equipment insurance, and deterioration of stock; and Miscellaneous Insurance, which encompasses money-in-transit, money-in-safe, and cash-on-counter insurance, burglary and housebreaking protection, fidelity guarantee, workmen compensation, public liability, product liability, personal accident, and specialized health insurance plans. In recent strategic developments, Desh General Insurance Company Limited has expanded its distribution architecture by executing a bancassurance partnership agreement with Midland Bank PLC under regulatory frameworks established by the Insurance Development and Regulatory Authority and Bangladesh Bank, facilitating the phased retail and corporate distribution of motor, health, travel, and agriculture-related insurance products directly through the bank's branch network. The company has also continued advancing its information technology infrastructure to automate underwriting, policy issuance, and claims settlement procedures across its branch network while maintaining ongoing capital management and regular shareholder dividend distributions.