Bangladesh National Insurance Company Limited (BNICL) commenced its operations in 1996 as a non-life general insurance company with the primary objective of providing a range of non-life insurance coverage solutions such as Fire, Motor, Marine, or Miscellaneous Insurance. BNICL has been incorporated as a public limited company under the Companies Act, 1994, and obtained the certificate of commencement of business from the register of joint stock companies & firms on May 21, 1996. The company is also listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited since April 21, 2016. Additionally, the company obtained a license to operate its business from IDRA (formerly known as the Controller of Insurance) on May 21, 1996. The shareholding structure of BNICL consists of reputable leading industrialists and the general public.