Progressive Life Insurance Co. Ltd.
DDSE:PROGRESLIF35.40
BDT
+0.50
(+1.43%)
ISIN
BD0730PROLI0
Return %
Stock
S&P 500
1Y
-26.71
14.20
3Y
-54.20
81.12
5Y
-65.63
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
- Muhammad Saidul Amin
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Oct 8, 2005
- Website
- progressivelife.com.bd
- Similar Companies
- Business
- Progressive Life Insurance Company Limited is a Bangladesh-based financial services provider primarily engaged in underwriting conventional life insurance and Shariah-compliant Islamic life insurance (Takaful) products. Founded in 1999 and headquartered in Dhaka, Bangladesh, the company operates across retail, rural, and corporate segments nationwide. Progressive Life Insurance Company Limited offers a wide portfolio of insurance solutions, including individual life policies such as three-stage endowment plans, anticipated endowment assurance, child education protection schemes, marriage endowment policies, whole life plans, and pension schemes; Islamic Takaful products comprising Islami DPS Takaful, Hajj Bima pilgrimage plans, Mohorana Bima dower coverage, and Shariah-compliant savings plans; group life and healthcare schemes featuring group term life insurance, group hospitalization and critical illness benefits, accidental death and disability (ADB/PTD) coverage, and credit life protection for microfinance borrowers; micro-insurance (Khudra Bima) programs delivering affordable life and savings protection to low-income and rural households; and supplementary riders including waiver of premium, major disease coverage, and accidental indemnity riders. In recent developments, the company has undergone regulatory and governance restructuring under the guidance of the Insurance Development and Regulatory Authority (IDRA) and the Bangladesh Securities and Exchange Commission (BSEC), resulting in the reconstitution of its Board of Directors to enhance financial solvency, improve risk management, and expedite policyholder claim settlements. Furthermore, the company has advanced its operational modernization through branch rationalization, the integration of digital premium collection channels via mobile financial services (MFS) platforms such as bKash and Nagad, and strategic alignment to implement bancassurance distribution channels across domestic commercial banks.