| |
Since the emergence of Bangladesh as an independent nation, insurance industry was nationalised along with banking and major industrial sectors of jute, textile, sugar and other heavy industries. Under the nationalised scheme, only two corporations in the name and style of Sadharan Bima Corporation (General Insurance Corporation) and Jiban Bima Corporation (Life Assurance Corporation) were set up by the Government for carrying out general and life insurance business respectively. While no private Bangladeshi owned enterprises was allowed either in general or life insurance business, foreign owned companies were, however, allowed to carry out life assurance business. With gradual liberalisation of investment in industry and commerce, insurance business was also allowed in the private sector in 1985. As a result, a number of companies were set up. RELIANCE INSURANCE LIMITED was the fourteenth in line to start general insurance business in the private sector.
The Company was incorporated on 20th March 1988 and was allowed to commence business by virtue of the Certificate of Commencement of Business issued by the Registrar of Joint Stock Companies on 22nd March 1988. The Company obtained Certificate of Registration issued by the Controller of Insurance on 7th April 1988.
News & Events |
Sitemap |
Contact Us |
|
