RUPALI INSURANCE COMPANY LIMITED.

(A Name of Glory)

OUR BACK GROUND

Insurance is nothing but a system of accepting risk of the Insured by the Insurer having consideration in the form of premium to safeguard his interest from any accident. In case of big risk the Insurer needs to transfer the risk to Re-insurer. Re-Insurance means spreading of risk of one onto the shoulder of many. In brief, Re-Insurance means Insurance of Insurance. Whilst it becomes somewhat impossible for a man to bear by himself 100% loss to his own property or interest arising out of an unforeseen contingency, Insurance is a method or process which distributes the burden of loss on a number of persons within the group framed for this particular purpose. The concept of grouping together or risk sharing was in existence in very ancient times but gradually developed in its present state through a process of evolution to meet the growing needs of the people in the field of General business and Industries.

With a view to catering to the growing demands of this type of service Rupali Insurance Company Limited emerged as an Incorporated Public Limited Company on 30th May, 1988 and started it’s operations on 25th June, 1988. As such we have the pleasure to introduce ourselves as one of the leading Insurance Company of the Country in private sector fully owned by Bangladeshi entrepreneurs. It has already occupied a strong position amongst it's competitors and has made significant contribution in the field of Insurance Industry in the economy. The Chairman & Members of the Board of Directors are well-reputed business personalities and leading industrialists of the Country.

Under the prudent leadership and unstinted support from the Board of Directors Rupali Insurance Company diversified it's activities to include a wide range of Insurance Services with a net work of 39 Branches in Bangladesh. It is matter of pride that a man of great personality, well-reputed industrialist and Ex-President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Mr. Mostafa Golam Quddus is the Chairman of the Board of Directors of the Company.

It is also worth mentioning that another Ex-President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Mr. Kazi Maniruzzaman, a leading industrialist and a man of reputation is one of the Directors of the Company.

The Company is managed by a team of highly qualified and experienced professionals headed by the Chief Executive Officer, Mr. P. K. Roy, FCA, FCS having vast expertise and experience in the field of Insurance, Re-Insurance and Financial Management to his credit.