About Us

Introduction:

In the year 2000 Agrani Insurance Company Limited was incorporated under the Bangladesh General Insurance Act and we have the pleasure, in introducing ourselves as one of the fast growing general insurance companies. The vision and objectives have been set to give a brand new experience in General Insurance. It should mention that Agrani Insurance has taken out necessary re-insurance protection from Sadharan Bima Corporation for the full protection of risk of our client’s property and interests. Moreover, due to its strong financial position, Agrani became the 18th General Insurance Company out of 43 General Insurance Companies in Bangladesh to be listed in the Dhaka Stock Exchange in January 2005. At the IPO the company’s shares were seven times over subscribed though the company was just five years old, thus showing the confidence of the general public towards Agrani. We feel proud to say that we always evaluate our client's needs and fullest satisfaction and provide them with our insurance services to their utmost satisfaction. We always consider our clients as the member of our family and extend our all-out co-operations and sincere service to them in appropriate way. As a result, our clients always repose their full trust in us. Cordial relationship that exists between our clients and the company is our instruments to achieve a more favorable business results in the years to come. We always Extend our technical support to our clients to cater their insurance requirements aiming at maximum benefits with appropriate costs.

Ensure prompt services:

We always deliver the Cover Note, Policy and Certificate to the clients end promptly and assure to settle the claim, if any in due time, subject to submission of relevant papers/ documents.

Our technical team:

Like any successful organization, our Team is our Biggest Asset. We have a team of highly qualified techno marketing experts with a strong technical and fundamental knowledge of Insurance. Our team comprises of MBA’s, Insurance experts and have a good mix of young and experienced both. We have regular training programmers to enhance our skills and keep ourselves updated. That’s why we are called the Ideal People.

Good Management:

The Company is manned and managed by highly qualified and efficient professionals. In view of strengthening, the insurance portfolio, technical/ Managerial expertise and integration insurance links the Company enters in to a strategic alliance agreement at the inception with the Ceylinco Insurance Company Limited, Srilanka which is a top insurance Company among four General Companies in Asia.

Employees:

The Company is committed to provide equal opportunities when recruiting and promoting employees, whereby ability, experience, skills, knowledge and diversity are the guiding principles. The Company actively encourages employee involvement in its activities, team briefings and regular meetings with the employees.

Recruitment of potential marketing forces:

Business Environment:

As all of we agreed that the present economic condition and business environment of the Country has severely deteriorated. Besides, at present the Insurance Industry is passing through a hard and curtails time. It is mentionable that the progress of insurance business depends on the economic growth, expansion of industries, trade and commerce etc. But the unharmonious political situation and turmoil existing in the country is the main obstacle for expansion of industry, trade and commerce. Apart from this, unhealthy and abnormal competition as well as unethical practices prevailing in the insurance market has adversely affected the upward trend of insurance business.

Business Performance:

Our main focus remained on expansion of business activities through optimal use of the resources and opportunities including meticulous risk assessment. Business strategy of our Company offers its products and services to cope up with the needs of customers has started to contribute positively in spite of the fact that the current state of affairs of general insurance market in Bangladesh. The operation of a large number of General Insurance Companies at present does certainly not commensurate with the size of the volume of business that has led to cut throat competition which is

considered to be detrimental to the industry as a whole. Regulatory reforms, strict enforcement of laws, rules and regulations and whole hearted adherence by all are needed to bring back the desired level of discipline in the industry for glorifying its dignity.

Underwriting:

It is our commitment to provide the best and reliable 24-hour protection to our valued clients. We always guarantee the satisfaction and money's worth on every transaction made with us.

Re-insurance:

The company has taken out necessary re-insurance protection from Sadharan Bima Corporation at home and some other reputed re-insurers abroad for the full protection of risk of our client’s property and interests.

Corporate Governance:

Agrani Insurance is committed to holding the highest level of integrity as our Standard of Conduct. Our governance program and policies are maintained at a group level with monitoring by the Board of Directors. Our solid governance structure ensures that we have complied with compliant on all requirements for the benefit of our customers, employees and all stakeholders.

Bank Enlistment:

Due to Agrani’s business performance and prompt settlement of Claims, we have been able to maintain good relationship with government, its organizations and private sector establishments. As a result of that we have been given the enlistment by the government and private commercial Banks operating in Bangladesh.

Branch Network:

AICL has been operating its business through 28 branches located in different strategically important areas in the country. Among the branches, 8 are at Dhaka, 2 at Narayangonj, 4 at Chittagong, 1 each at Sylhet, Rangpur, Manikgonj, Jessore, Bogra, Noakhali, Kushtia, Faridpur, Tangail, Jamalpur Rajshahi, Barisal, Sunamgonj and Khulna to provide prudent underwriting support. Branch network of the company has been found good compared to many third generation insurance companies. Branches are mainly concentrated in Dhaka and Chittagong, in line with the industry. However other important areas of the Country have also been covered by the Company.