Latest News

Govt seeks proposal from IDRA to restore third party insurance

Shahin HowladerPublished on 17 Jan 2023 The finance ministry has sought a proposal from the Insurance Development Regulatory Authority (IDRA) to restore motor vehicle insurance, also known as third party insurance, as it wants to make it mandatory by amending the Road Transport Act 2018. The Finance Division under the...

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Keeping the centuries-old tradition alive through Halkhata

Shahin HowladerPublished on 14 Apr 2023 The appeal of Halkhata, the opening of new financial record books on the first day of the Bengali New Year, among big businesses has decreased with the advancement of technology, but some traders still practice the centuries-old tradition. A section of businessmen in semi-urban,...

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Action against Mercantile Islami Life recommended

Lapsed policy rate of the company abnormally high Shahin HowladerPublished on 03 May 2023 00:00:00 | Update: 02 May 2023 23:09:50 An investigation team of Insurance Development and Regulatory Authority (IDRA) has recommended taking necessary action as per the Insurance Act against various irregularities of Mercantile Islami Life Insurance Ltd....

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5 insurers hold 81% of life funds

Shahin Howladerpublished on 15 May 2023 00:00:00 | Update: 15 May 2023 00:19:02 Five companies are dominating the country’s insurance sector, holding nearly 81 per cent of the life funds, owing to their best customer service and timely settlement of claims. They are MetLife Bangladesh, National Life Insurance Company, Delta...

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Introduce new scheme for motor insurance: IDRA

Shahin Howlader17 May 2023 00:00:00 | Update: 17 May 2023 00:07:54 The Insurance Development and Regulatory Authority (IDRA) has directed non-life insurance companies of the country to introduce new insurance schemes to cover financial loss due to motor vehicle accidents. The regulator gave the direction at the 157th meeting of...

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Increase claim settlement, reduce policy lapse

IDRA instructs 7 life insurance companies The Insurance Development and Regulatory Authority (IDRA) has given eight instructions to seven life insurance companies. The instructions include increasing insurance claim settlement and reducing policy lapse. IDRA has also instructed to raise the policy renewal rate to 70 per cent in the second...

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‘Banking Reporter Kala-kausal’ hits Amar Ekushey Book Fair

Journalists aspiring to pursue a career in banking journalism can enhance their knowledge by reading a book titled “Banking Reporter Kala-kausal” (Techniques of Banking Reports) that hit the Amar Ekushey Book Fair on Sunday. Shahin Howlader, a journalist with expertise in widely covering the banking sector, authored the book published...

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Shahin Howlader receives honorary award in NY

Shahin Howlader, a Staff Reporter of the Business Post, has received an honorary award in New York for his special contribution to business journalism in Bangladesh. The Consul General of the Bangladesh Consulate General in New York, Md Nazmul Huda handed over the award at an event organized by the...

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Shahin Howlader with Chondona Gosh, is a inspiring and ambitious entrepreneur, thriving in both her business of Bangladesh

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আমার দেখা নিউইয়র্ক শহর

বয়স যখন তেরো, বইয়ের পাতায় দেখেছি আমেরিকার নিউইয়র্ক শহরের বিখ্যাত কিছু স্থাপনার গল্প। স্কুল জীবন থেকেই মনের গভীরে লুকিয়ে ছিল সেই সব বিখ্যাত দর্শনীয় স্থানগুলো বাস্তবে দেখার। সাংবাদিকতা পেশায় যুক্ত থাকায় ৩৪ বছর বয়সে এসে সেই স্বপ্ন বাস্তবে রুপ নেওয়ার সৌভাগ্য হয়েছে। বহুবছরের সেই স্বপ্ন হাতছানি দিয়ে ডেকে নিয়ে এসেছে...

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Death claims on insurance keep rising amid pandemic

Death claims and settlements on insurance have substantially increased during the coronavirus pandemic period in Bangladesh. In 2020 death insurance claims of Tk 343.43 crore was 25.56 per cent higher than the previous year — Tk 280.76 crore. Settlements in the same year amounted to Tk 238.67 crore, up from...

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Why doesn’t Bangladesh have enough actuaries?

The government’s plan to raise the insurance sector’s contribution to gross domestic product to 4 per cent within this year looks unrealistic given that its share in GDP keeps shrinking over the years. Currently, 79 insurance companies are operating in Bangladesh. They contribute only 0.3 per cent to the GDP...

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Insurance sector becoming deadweight for economy

The government’s plan to raise the insurance sector’s contribution to gross domestic product to 4 per cent within this year looks unrealistic given that its share in GDP keeps shrinking over the years. Currently, 79 insurance companies are operating in Bangladesh. They contribute only 0.3 per cent to the GDP...

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