Union Insurance PLC
DDSE:UNIONINS44.90
BDT
+0.70
(+1.58%)
Union Insurance PLC
DSE:UNIONINS
(Dhaka Stock Exchange)
Recent
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44.90
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ROIC.AI
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- Business
- Union Insurance PLC is a Bangladesh-based non-life insurance provider engaged in underwriting and offering a diverse portfolio of general insurance, risk management, and indemnity products to commercial, industrial, institutional, and individual clients. The company operates across five primary business segments: Fire Insurance, Marine Insurance, Motor Insurance, Engineering Insurance, and Miscellaneous Insurance. Its comprehensive product and service suite includes fire and allied perils insurance; industrial all risks insurance; fire package insurance; property all risks insurance covering machinery breakdown and business interruption; power plant operational package insurance; marine cargo insurance; marine hull insurance; goods-in-transit coverage; freight insurance; shipbuilders liability insurance; comprehensive and third-party motor insurance for private passenger vehicles, commercial fleets, and motorcycles; contractors all risks insurance; erection all risks insurance; boiler and pressure vessel insurance; machinery breakdown insurance; deterioration of stock insurance; contractors plant and machinery insurance; electronic equipment insurance; burglary and housebreaking insurance; cash-in-transit and cash-in-safe insurance; automated teller machine booth security coverage; bank locker insurance; credit card fraud and forgery insurance; fidelity guarantee policies; bankers blanket bonds; workmen compensation insurance; personal accident insurance; public liability insurance; product liability insurance; professional indemnity insurance; overseas mediclaim; group hospitalization insurance; and micro-health insurance. Founded on August 24, 2000, and headquartered in Dhaka, Bangladesh, the company delivers underwriting and claim administration services nationwide through an extensive network of 47 branch offices situated across major commercial centers, including Dhaka, Chattogram, Barishal, Rajshahi, Khulna, Rangpur, and Sylhet. In recent corporate developments, the company executed a statutory corporate reorganization to officially transition its legal name from Union Insurance Company Limited to Union Insurance PLC, modernized its core digital policy distribution and claim management platforms, broadened its retail and SME risk solutions, and systematically extended its branch reach across high-growth industrial and trade zones in Bangladesh.