Diamond Life Insurance Company Limited

Diamond Life obtained registration certificate from the Insurance Development and Regulatory Authority (IDRA) as per provision of sec-9 of the Insurance Act 2010 to transact all types of Life insurance policies in February, 2014 and started operation in June, 2014 An explanation is perhaps in order why there is yet another company when there are already so many operating in the economy. Although life insurance business is more than a century old in the country, if his hardly touched upon the lives of the general people of the country. In a word, life companies have been largely unable to tap the opportunities offered by a progressing economy like ours and does not compare well with the level of development achieved in other financial sectors of economy As it terms out, Bangladesh may be regarded as almost a green field for life insurance business. Given proper planning and vigorous efforts, it is very much possible that the premium income of the Industry largely reflecting its performance can be quadrupled from the present level (which is presently only 0.7% of national GDP) in a decade's time. Thus, the case for a new life insurance company has been quite convincing. The sponsors of Diamond Life-highly successful and distinguished personalities as they are in their respective fields of trade and commerce-strongly believe that the new life company imbued with the ideals of rendering prompt and quality life insurance services at reasonable cost and directing all activities to this end is sure to stand out and shall be able to make a mark in a short period of time