National Life Insurance Company is a first private sector indigenous life insurance company in Bangladesh since April 1985. National Life Insurance was formed with three clear and unique philosophies which are rarely seen by the corporate! They are listed below:
• To cultivate and motivate the saving habits among the low and middle income group so that savings become useful for them during calamities and does not have to worry about economic hardships during crisis.
• To be an employment engine of the country by creating and providing employment opportunity for literate / half literate and illiterate.
• To be a capital powerhouse of the country for investment and make the economy robust and hence serve the society better.
Company has a great team of management employee fully equipped with skills and expertise needed in the insurance arena. National Life‘s prime goal is to remain committal for its customer by way of giving personalized attention and services and hence intact its confidence. Company’s offerings are fully secured and are justified with adequate returns by way of proper financial management.
National Life has started with only 11 people in a small office at Dhaka but today it has grown meticulously to staff strength of more than 1,00,000 and large office at Dhaka also with 100 Branches and Zonal Offices across the country. Company’s head office is situated at the ‘NLI Tower‘ (They own this tower!) – a high rise building at Kawran Bazar, Dhaka. Moreover National Life has strategically purchased plots and lands in past which it will utilize in the future.
National Life Insurance’s product basket comprises of three types of insurance products. These are:
1. Individual Life Insurance: Again this category has 4 different types of product to cater different class of people with different needs. They are:
• Ordinary Life
• Jana Bima
• Islami Takaful
• National Pension Deposit Insurance
2. Group Life Insurance
3. Personal Accident Insurance
Company’s Individual Life insurance product Ordinary Life is a highest premium earning for the company. It earned first year premium of Tk. 1250,479,849 and renewal premium of Tk. 3,376,603,472 during FY11. This comprises almost 73.43% of total premium collection. All its policies are fully secured and offer good return wherever it is for investment purpose. Its policies have become a medium of investment for major portion of people in Bangladesh due to its affordable premium policies.
National Life Insurance Company is financially very strong which is proved by its strong balance sheet. Company’s net increase in cash/cash equivalent was at Tk. 1,894,826,088 during the same period.
The company has grown fantastically both economically and socially since its inception. It has become the synonymous name for trust and confidence among investor fraternity. Its focus on time, quality of service and giving unparallel return on investment has paid hugely. It has taken care of person’s aspirations from investment as well provided the products which have lived up to religious beliefs of the people. Company remains the idol for the insurance sector in Bangladesh looking to its financial status, insurance policies, premium collections and performance it has demonstrated every year.
National Life Insurance Co. Ltd. enlisted in Dhaka Stock Exchange in 1995, it’s been rated as “A” category share under the life insurance sector as on 10-12-2014
Contact Information of National Life Insurance Co. Ltd.
Address: NLI TOWER, 54 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka-1215
Contact Phone: 8158171, 8158189, 8158190
Web Address: www.nlibd.com