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Case Study of Insurance in Bangladesh

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Case Study of Insurance in Bangladesh
Executive Summary
Insurance is used in almost every facet of life, ranging from vehicle insurance, life insurance, medical insurance, marine insurance, fire insurance, dental insurance to even boat or ATV insurance. When you with to obtain insurance for a certain item, you must agree upon a premium that you must pay each month.
In Bangladeshi perspective, Insurance is not new here. Some insurance company formed up here during the British rule in India. At that time, 49 insurance business companies started their insurance policies in this region. The Government of Bangladesh (BD) nationalized the insurance industry in 1972 by the Bangladesh Insurance (Nationalization) Order 1972.
From then many different insurance companies are providing acceptable policies to the insurance holders. Prime Islami Life Insurance Limited is one of the pioneers in this business. It formed in 24th July,2000. Till then the company is rendering service to its customers. Currently the company is providing 4 different types of insurance policies which are widely accepted by the people. The company is working hard to attract mass people to make insurances so that they can minimize the risks as much as possible.

Table of Contents Content | Page | InsuranceHistory of Insurance in BangladeshAdvantages of InsuranceDisadvantages of InsurancePrime Islami Life Insurance LimitedCompany ProfileInsurance Policies * Ordinary Life Insurance * Islamic Endowment Assurance Plan (Hajj Bima) * Assurance Cum Pension and Medical Benefit Plan * Child Protection Assurance Plan –with profitReference | 0304-0506-07070809-1011-1416-171818-1919 |

Insurance Insurance is one of the most important and one of the most complex financial aspects that is still used in almost every facet of life in almost all countries. Insurance is simply having something insured if something were to go wrong – you can insure a variety of things, ranging from your vehicles to even your own life. There are a
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