Peoples Insurance Company Limited

Peoples Insurance Company Limited (PICL), a first generation non-life insurance company incorporated on March 31. 1985 as a public limited company under the Companies Act 1913. obtained the certificate of registration on July 31, 1985 for carrying on non-life insurance business in Bangladesh with a view to serve the insured with utmost care and to provide the best solution for their needs. Currently, the company has been operating under the legal framework of the Insurance Act, 2010 implemented and controlled by the Insurance Development & Regulatory Authority (IDRA) under, Financial Institutions Division Ministry of Finance, Government of the Peoples Republic of Bangladesh. The company started with paid up capital of 30 million being sponsored by a group of individual linked to renowned business concams. As on December 31 2021 both authorized and paid up capital of the company have been enhanced to Tk. 2 billion and Tk. 462 million respectively. The Management of Peoples Insurance Company Limited always remains ready to prove with their integrity and credibility to the clients by extending sincere and memorious services. They always extend advice on prudent underwriting in relation to insurance requirements of the clients and make expeditious settlement of the genuine claims Peoples Insurance Company's financial strength is very sound and it has the ownership of a land mark 20 (Two) storied building at Dilkusha, the commercial hub of Dhaka city which endeavor to strengthen it more in the years to come