Meghna Life Insurance PLC
DDSE:MEGHNALIFE49.30
BDT
+0.40
(+0.82%)
ISIN
BD0726MLI002
Return %
Stock
S&P 500
1Y
-11.33
14.20
3Y
-34.70
81.12
5Y
-39.07
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
- Narayana Chandra Rudra
- Full Time Employees
- 623
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Motijheel Bangladesh
- IPO Date
- Jul 3, 2005
- Website
- meghnalife.com
- Similar Companies
- Business
- Meghna Life Insurance PLC is a Bangladesh-based insurance company that underwrites, manages, and distributes conventional life insurance and Islamic takaful products to individual, rural, and corporate clients. Founded in 1996 and headquartered in Dhaka, Bangladesh, the company operates across an extensive nationwide network of zonal, divisional, and branch offices. Meghna Life Insurance PLC structures its product and service offerings across four principal segments: Individual Life Insurance, offering whole life assurance, ordinary endowment assurance, anticipated endowment plans, child education protection schemes, single premium policies, and retirement pension plans; Group Insurance, providing corporate and institutional clients with group term life, accidental death and dismemberment protection, supplementary hospitalization coverage, and critical illness benefits; Microinsurance, delivering low-premium micro-endowment, rural protection, and savings-linked life schemes tailored for lower-income and agricultural communities under programs such as Gono Bima and Lokobima; and Islami Takaful, providing Shariah-compliant family takaful, Islamic endowment plans, and child protection coverage governed by an independent Shariah Supervisory Council. In recent developments, the company updated its legal corporate name to Meghna Life Insurance PLC to comply with amended statutory company regulations and accelerated its nationwide digital transformation initiatives. Recent operational enhancements include the integration of mobile financial services and online payment gateways for real-time premium collection, the implementation of electronic policy issuance and digital claims tracking systems, and the preparation of operational frameworks for bancassurance distribution in accordance with Insurance Development and Regulatory Authority guidelines. Additionally, the company continues to expand institutional partnerships with financial institutions and healthcare providers while optimizing its statutory asset allocation across sovereign securities and capital market instruments.