Pragati Life Insurance Limited was established on January 30, 2000, as a publicly listed company under the Companies Act, 1994, with the philosophy of maintaining competitiveness and balance through prudent management and fairness to all policyholders. The Company obtained registration from the Department of Insurance on April 11, 2000, under the Insurance Act, 1938, to carry out insurance business. Initially, the company started with a paid-up capital of Tk. 1,000 million against an authorized capital of Tk. 250 million. As of December 31, 2020, the present paid-up capital stands at Tk. 307.03 million.

Pragati Life has been sponsored by renowned business entrepreneurs of the country, linked with different industrial groups. The company went for a public issue in 2005 and got listed on both the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.

Pragati Life was established with the vision of effectively participating in providing financial security to clients and facilitating the creation of long-term capital in the market. In pursuit of this vision, the company has been developing new customer-oriented and innovative products through its own Actuarial Department. Within a short span of time, the company has created significant franchise value in the market by expanding its business network with diversified product lines across the country.

Pragati Life has a reinsurance agreement with the world's largest reinsurer, Munich Reinsurance Company, Germany, since its inception. Pragati Life is also the first insurer in Bangladesh to introduce the status of policies through Push-Pull (SMS) service to its policyholders. Additionally, policyholders can access their policy details from anywhere in the world through its website and recently launched mobile apps. Pragati Life has also initiated digital premium payment options such as payment through EFTN, using Debit Credit Card, Mobile Banking, and Agent Banking.

Address : 
Pragati Insurance Bhaban (6th Floor), 20-21 Kawran Bazar, Dhaka, Bangladesh