Insurance in India covers both the public and private sector organisations. It is listed in the Constitution of India in the Seventh Schedule as a Union List subject, meaning it can only be legislated by the Central Government only.
Jiban Bima Corporation (JBC) is the state-run life insurance corporation in Bangladesh under the provisions of the Insurance Act 1938, Insurance Rules 1958, and related other laws enforceable in Bangladesh in Bangladesh Corporation Act 1973. The JBC started on 14 May 1973 with assets and liabilities worth TK. 157 million of defunct 37 life Insurance companies.
Motijheel is a central business district and a thana of Dhaka, Bangladesh. It is Dhaka's primary Central Business District and also the nation's largest commercial and financial hub. Motijheel, Dhaka's zero point, has the largest number of offices in Dhaka. Motijheel CBD also has one of the highest concentrations of high-rise buildings in Bangladesh. It has thus earned the title of the downtown and city centre of Dhaka and as the bankpara-officepara in Bengali.
The Bangladesh Institute of Bank Management (BIBM) is the national training, research, consultancy and education institute on banking and finance collectively owned by all banks that are in operation in the country.
Mustafizur Rahman Siddiqi was a Bangladeshi entrepreneur, politician and diplomat. He set up a number of manufacturing and finance businesses during the 1960s. He played a prominent role in the Bangladesh Liberation War of 1971, organising resistance within Bangladesh and travelling to the US to represent the Bangladesh Government in exile. He became Minister of Commerce and Foreign Trade in the newly formed state, and ambassador to the US and Mexico.
Pragoti Industries Limited (PIL) is a Bangladeshi car assembling and car parts manufacturing company headquartered in Chittagong with a manufacturing plant in Barabkunda. Founded in 1966, it is the country's largest car assembling plant and it has assembled and marketed more than 50,000 vehicles such as cars, SUVs, buses, trucks, pickups, ambulances, tractors of multiple models by importing CKD kits from overseas.
S.Alam Group is a Bangladeshi industrial conglomerate. S. Alam Group also has investment in banking, leasing, insurance, stock brokering, and merchant banking. The industries under this group include food and allied products, steel, banking, consumer products, sugar, cement, power, energy, transportation, shipping, manufacturing, hospitality, financial institution, agro, trading, oil, and gas.
Meghna Group is one of the largest Bangladeshi conglomerates. The industries under this conglomerate include automobile, light engineering, bicycle, tire, cement, packaging, textile etc. Meghna Group was established by Bangladeshi entrepreneur Mizanur Rahman Bhuiyan. It is Bangladesh's largest bicycle manufacturer and exporter. The company sales bicycle as well as in countries like Germany, UK and other parts of Europe. Meghna Group is one of the top garments manufacturer in Bangladesh exporting to Europe high end fashion brands. Meghna group is a renowned car distributor with a proven track record of successfully launching and promoting various automobile brands like BMW, KIA, and Ford in Bangladesh. Recently, the company has started car manufacturing under the name of Meghna Car Manufacturing Ltd.
The Ministry of Finance is a ministry of Bangladesh. The ministry is responsible for state finance, including the state budget, taxation and economic policy in Bangladesh. It is led by the Finance Minister of Bangladesh. The department must report to the Parliament of Bangladesh. It contains four divisions:
Sadharan Bima Corporation is the one and only state-owned non-life insurer and reinsurer in Bangladesh under the Ministry of Finance, Government of the People's Republic of Bangladesh. Both Sadharan Bima Corporation, the non-life insurer, and Jiban Bima Corporation, the life insurer, were created under the Insurance Corporation Act of 1973 of Bangladesh.
Reliance Insurance Limited, was founded in Bangladesh as a private non-life insurance company in 1988. Currently the firm has 32 branches throughout Bangladesh, and 314 employees. In the year 2021, the company had earned BDT 3,140.35 million as the gross premium income, which is higher than that of 2020. Ms. Shahnaz Rahman is the chairman of Reliance Insurance Limited.
Meghna Bank PLC is a renowned fourth-generation bank headquartered in Gulshan, Dhaka, Bangladesh. Established on May 9, 2013, by entrepreneur and politician H.N. Ashequr Rahman, the bank has been in operation for a decade.
The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions. Some of the work of the government is carried out through state enterprises or limited companies.
Fareast Islami Life Insurance Limited ফারইস্ট ইসলামী লাইফ ইন্স্যুরেন্স কোম্পানী লিমিটেড, was founded in Bangladesh as a public life insurance company in 2000. Currently the company has 23 Divisional Offices, 103 Service Center Offices, 252 Zonal Offices and 635 Premium collection centers throughout Bangladesh. Sheikh Kabir Hossain is the chairman of the company.
Mustafizur Rahman was a member of the Jatiya Sangsad for the Chittagong-3 constituency from 1991 to 1996, representing the Bangladesh Awami League.
S. A. Group of Industries is a Bangladeshi diversified conglomerate based in Chittagong. Shahabuddin Alam is the managing director of S.A. Group of Industries. The company has a workforce of 2,500 by 2022. SA Group of Industries has been operating 17 factories since 1988 with 8 master products under two brands Goalini and Muskan. These include Dhaka and Chittagong edible oil refineries, condensed milk, dairy products, tea leaves, flour, semolina, salt, water, paper and paper products.