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Life Insurance Sector in Bangladesh
Prepared For: Muhammad Showkat Imran Assistant Professor of
Marketing Department of Business Administration
International Islamic Universit !hittagong Dhaka !ampus
Prepared B :Muhammad I"rahim Faisal
ID: B#$%$&'( Department of Business Administration
International Islamic Universit !hittagong Dhaka !ampus
Fe"ruar , %)$(
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Life Insurance Sector in Bangladesh
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Acknowledgement
The research paper on problems & prospect of Life insurance
Industry in Bangladesh has
been prepared as per the requirement of MBA (Eve program on
State University of
Bangladesh and the paper is being submitted to the course
teacher as part of MBA (Eve
!rogram" I am very much grateful to my course teacher &
coordinator Md" A#ram$ossain% Assistant !rofessor% chool of
Business and social studies% for giving me
valuable guideline and instructions" I 'ould li#e to offer my
sincere than#s to all of my
course teacher and program co coordinator% tate )niversity of
Bangladesh for #ind co
operation" pecial than#s to *oor Mohammad Bhuiyan% Managing
+irector% ,upali Life
Insurance -ompany Ltd" and Mr" Mossaraf $ossain% .-A% ABIA% A-I%
MBA% +eputy
Managing +irector% .arest Islami Life Insurance -ompany Ltd" and
Md" Mon/ur Ahmed%
enior Manager (Audit & Inspection +epartment % ,upali Life
Insurance -ompany Ltd"
for #ind sympathy & co operation" My sincere than#s to
Bangladesh Insurance
Association% -hief -ontroller of Insurance% Ministry of -ommerce
and Bangladesh
Insurance Academy% all my colleagues of ,upali Life Insurance
-ompany for collecting
data% statistics and various types of information for the
development my research paper"
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Table of contents
Index Page
Number
-hapter 00"1 Introduction 00"0 2b3ective of the study 00"4
Methodology 40"5 cope of the study 40"6 cope and Limitation 5
ha!ter " #4"0 2b3ective of life Insurance -ompanies 64"4 7hat is
,is#8 6
4"5 7hat is Life Insurance8 64"6 Types of ,is# 9
ha!ter " $5"0 $istorical Evolution of Life Insurance" :5"4
Islami Ta#aful Insurance ( hariah Based " 015"5 The important
element of Insurance in human Life" 045"6 7hy !eople buy Life
Insurance8 065"9 Types of main life Insurance !olicies Mar#eting in
Bangladesh 0;
ha!ter " %6"0 7or#ing -hart of Life Insurance -ompanies or
$ierarchy of a Life Insurance2rgani/ation" 416"4 2rgani/ational
tructure of life insurance companies in Bangladesh 446"5 Modern
Mar#eting strategy of Life Insurance Mar#et" 4<6"6 =oals"
4<6"9 trategies" 4;6"> =oals of Mar#eting .unction" 56
ha!ter " &
9"0 !roblems of Life Insurance operation in Bangladesh 599"4 $o'
can overcome the life Insurance !roblems" 5>9"5 =overnment
,egulatory -ontrol as per Insurance Act ,ules" 5;9"6 Life Insurance
-ompanies Achievement 4111 4116" 609"9 Life Insurance progress at a
glance in Bangladesh" 6>9"> !rogress of five years ratio
analysis of life insurance Business in Bangladesh from
4111 4116 (Based on the ?ear 4111 @ 011 " 6<
ummary and -onclusion 6;,eference 91
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Than#ing you
incerely yours
Muhammad Ibrahim .aisal
Id B 04095>
BBA (Ma3or in Accounting
+epartment of business AdministrationInternational Islamic
)niversity -hittagong
+ha#a -ampus
*xecutive Summary
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$uman life is surrounding a different types of ris# namely
financial and non financial ris#%
pure and speculative ris#% particular and fundamental ris#%
static and dynamic ris# etc"
ome people does not earn nothing% they depends on earnable
person" 7hen earnable person is died or victimi/ed by other
accident then life insurance covers their financial
ris# that is dependable on earnable person (in absence of
earnable person " There are 0:
(seventeen life insurance companies in Bangladesh% these have
been conducted as per
insurance act 0;5< and insurance rules 0;9
