Registered Head Office
Pragati Insurance Limited
Pragati Insurance Bhaban
20-21 Kawran Bazar
Phone: PABX: +880-2-9133680-2
FAX: +88-02-55013694, +88-02-9134335
Corporate Website : www.pragatiinsurance.com
E-mail : firstname.lastname@example.org
Nature of Business : All kinds of non-life insurance business
Number of Branches : 40
Number of Employees : 563
Pragati Insurance Limited is rated 'AA1' for the Long Term rating by the National Credit Rating Ltd.. 'AA1' signifies 'VERY STRONG' financial security characteristics and with which an entity is adjudged to have very good financials, claim paying ability and first rate operating environment.
- International Arch of Europe Award 2012 given by Business Initiative Direction, Geneva, in recognition of its quality and excellence in service in the non-life insurance services in Bangladesh.
- The World Quality Commitment Award 2008 given by Business Initiative Direction, Paris, in recognition of its quality in service in the non-life Insurance companies services in Bangladesh.
- International Star Award for Quality 2007 presented by Business Initiative Direction, Geneva, for being one of the most outstanding companies in Bangladesh in the Insurance sector.
Paid-up capital of the company is Tk. 556.00 million and Reserves stood at Tk.2507.22 million thus making an equity base of Tk.3,063.22 million as of December 2016.
Total Asset as of 31st December, 2016 stood at over Tk.4,200.13 million.
Company's investment as of December 31, 2016 at cost price in Share, Debentures and Government Securities at Tk.407.66 million.
Freehold Land 86.87 katha at Panthapath(opposite of Sonargaon Hotel) , Sonargaon Road, Dhaka. Value of the Land as of December 31, 2016 Tk.887.11 million.
Land & Building
16 storied Commercial space with car parking measuring 104,000 sft at 20-21 Kawran Bazar Comercial Area, Dhaka-1215. The value of the Building as of December 31, 2016 Tk.1283.67 million.
Client Excellent Service and Prompt Settlement of claim are the key to the success and growth of the company. Claims are settled immediately on completion of the required formalities by the insured and the surveyors. The company has settled claim(Gross) during the year 2016 Tk.602.68 million.