WHO WE ARE
Sponsored by a group of visionary entrepreneurs, known for its superior service quality, Brand Image, Strong Corporate Governance & Corporate Culture committed for excellence, Rupali Insurance Company Limited as a Public Limited Company under the Companies Act, 1913 and a first generation 8. top-tier Non-life Insurance Company in Bangladesh came into existence in May, 1988 and started it’s Commercial operations on 25 June, 1988.
For over two and half decades. Rupoli Insurance Company Limited has been holding the strong position in terms of premium collection. CRISL, the Credit Rating Agency in Bangladesh reaffirmed the claim paying ability (CPA) rating of Rupoli Insurance Company Limited on September 30, 2015 as ‘AA’ based on its premium collection, core services, financial ability 8- expeditious settlement of claims.
Rupali Insurance Company Limited has a strong capital base 8. capital adequacy maintaining well position in the market. It started its business with a paid up capital of Th. 30 million against an authorized capital ol Tk. 200 million being sponsored by a group of renowned business personalities & reputed industrialist of the country having involvement in diversified business. The Company went into initial public offering in 1995.
The paid up capital of the company has been raised to 11:. 602 million as on December 31, 2015 after issuance of Rights shares in the year 2012 and adiustment of stock dividends Including @ 5% declared in the year 2014. RICL shares are being traded as ‘A” category issue at both the bourses of the country.