Reliance Insurance Ltd Information

A leading first generation private sector Non-life Insurance company in Bangladesh,Reliance Insurance Limited (RIL) was incorporated in 1988 as a public limited company under the Companies Act, 1913 and subsequently was listed with Dhaka and Chittagong Stock Exchanges in 1995. Reliance transacts all classes of non-life insurance business in Bangladesh and its turnover was in excess of BDT 1,422 million, being total gross premium underwritten in 2011. The Company carries its insurance activities through thirty two branches spread across the whole country. RIL received “AA (Double A)” Surveillance Rating (Stable outlook) from CRISL based on its sound financial performance and claim paying ability. Reliance has an authorized capital of Tk. 500 million and paid up capital of Tk. 411 million. Shares of the company are traded on both Dhaka Stock Exchange and Chittagong Stock Exchange and are listed in the “A” category. The company has a total market capitalization of approximately Tk. 5,475 million. Reliance is focused on providing professional services of the highest quality to its clientele which include many reputed large national and multinational conglomerates. Over the years, Reliance has established its track record as a sound and dependable insurer,consistently able to meet its commitments Company’s Profile and by providing insurance solution to the individual needs of its clients.