Asia insurance Limited (AiL) is one of the leading non-life insurance Company in Bangladesh and was incorporated as Public Limited Company on 30 April 2000 under the Company Act, 1994 and obtained registration from the former Chief Controller of Insurance, Government of Bangladesh on 30 May 2000. Asia Insurance obtains renewal license from the Insurance Development & Regulatory Authority (IDRA) in 2011. Asia Insurance was listed with Dhaka and Chittagong Stock Exchange on 25 June 2009. The Company carries its insurance activities through Head Office along with 22 (twenty two) Branches under online support all over the country.
Asia Insurance Limited has an Authorized Capital of Tk. 1000 million and Paid up Capital of Tk. 470.70 million. Share of the Company are traded in both Dhaka and Chittagong Stock Exchange as ‘A’ category.
Asia Insurance Limited further achieved AA+ (Pronounced as double A Plus) credit rating valid up to 10 June 2025 as rated by the Alpha Credit Rating Limited indicated strong financial footing and high claim paying ability of the company.
Asia Insurance Limited is focused on providing professional services to its clientele which include many reputed large national and multinational conglomerates. Over the 24 (Twenty four) years, Asia Insurance Limited has established its track record as a sound and dependable insurer, consistently able to meet its commitments and by providing insurance solution to the individual needs of its clients.
The Board of Directors of Asia Insurance Limited are exceptionally qualified and well reputed business leader of the country. Mr. Yussuf Abdullah Harun, FCA, former president of the FBCCI is leading the Company as Chairman of the Board of Directors.
The qualified and experienced management team is headed by Mr. Md. Imam Shaheen, who has long 34 years of versatile working experience and well reputation in the Insurance industry.Md. Imam Shaheen was the Secretary General of Bangladesh insurance Forum (only MD’s organization) & Assosiation of Insurance Executives. At present, He is the 1st Vice president of Bangladesh insurance Forum & Assosiation of Insurance Executives. He was the civil sponsor, Defence Services Command and Staff College, Mirpur Cantonment, Dhaka. Md. Imam Shaheen has been playing active role as the EC Mamber of Bangladesh Insurance Association for the last 4th term consecutively. He was also EC Mamber of Bangladesh Association of Publicly Listed Companies (BAPLC) for the two term 2020-2021 & 2022-2023. Mr. Md. Imam Shaheen has been plying significant role as member of the CRC (Central Rating Committee), IDRA and PSB (Public Sector Business)Committee,Shadharan Bima Corporation.
Financial performance of the Company has been consistently positive, delivering both underwriting and investment income and by giving attractive returns to its shareholders from inception. The Company is maintaining strong corporate culture, corporate governance, ethical standards, corporate social responsibilities, superior underwriting skills and abilities and dynamic investment management.
Within the framework of existing tariff, this Company charges the most economic and competitive premium rates ensuring maximum security at minimum cost. The Company has got necessary Re-insurance arrangement both at home and abroad under which it can underwrite any risk of any value.
This Company takes utmost care in handling and settling claims with due promptitude with a view to giving timely indemnity to the members of the clientele.
The future prospect of Asia Insurance Limited is not only to increase business volume but also to upgrade the ranking and service quality of the Company. Asia Insurance emphasize on internal and external training in different subject area for the human resource development of the Company.
Our Vision
“Building capacity and trust
to be an ultimate risk
solution provider”
Our Mission
- To be one of the leading Insurance Company in the Country
- Fast, accurate and satisfactory customer service;
- Introduce new Insurance product with International Standards;
- Ensure best CSR (Corporate Social Responsibilities) practices;
- To create shareholders’ value;
- To achieve global standards.
Our Objectives
- Transforming to a service oriented technology driven profit- earning company;
- Attract, motivate and retain high quality human resources;
- Providing integrated insurance service in the non-life sector;
- Innovative product & services;
- To meet customers demand with utmost effort
- Uphold corporate governance practices;
- Balanced and sustainable growth strategy;
- Maximum Insurance coverage at a minimum cost;
- Settlement of claim in a speedy way;
- To maintain transparency in disclosures;
- Contribute to the National Exchequer;
- Create job;
- Green initiatives to save the mother planet.