Incorporated in September, 2000, Popular Life Insurance Co. Ltd provides ordinary life insurance and non-traditional micro insurance products. With an authorized and paid up capital of Tk. 25 crores and Tk. 11 crores respectively, the company is listed in both Dhaka & Chittagong Stock Exchange. With over 182 locations servicing a total life insurance fund of Tk. 922 crores and maintaining the lowest claim-to-premium ratios, the company is regarded as the best-managed life insurance companies in the country. The company is also a pioneer in the micro insurance business in the country. The company was rewarded with the “Best micro finance organizer” award in 2007.
The company actively participates in various corporate social responsibility (CSR) programs. Among these activities, the important ones are campaign against drug abuse and human trafficking, tree plantation etc. With the motto to provide cordial and best service to the policyholders, the company is relentlessly reinforcing their emphasis on sustainable growth within a frame work of trust, integrity, good governance and compliance with the legal and regulatory frame work of the country.
Given the scarcity of mutual funds in the Bangladesh stock market, Popular Life Insurance Company Limited has decided to sponsor POPULAR LIFE FIRST MUTUAL FUND. The Company also realizes that mutual fund is the need of the hour to make our stock market more vibrant and efficient – furthermore POPULAR LIFE FIRST MUTUAL FUND will expand the sponsors’s product offerings to clients. In order to efficiently launch POPULAR LIFE FIRST MUTUAL FUND, the sponsor has appointed RACE Management, a second-generation asset management company that has already made its mark in the local market by becoming the largest private Asset Management Company in Bangladesh in only 1 year.