Insurance Development and Regulatory Authority (IDRA)

None can use CEO title in insurance firms without IDRA approval

The use of the CEO (current charge) title also requires regulatory approval

Takaful Islami Insurance fined Tk 10 lakh

The Insurance Development and Regulatory Authority (IDRA) has fined Takaful Islami Insurance Limited Tk 10 lakh.

Four IDRA members resign

All of them were appointed to three-year terms at different times

16 non-life insurers fined Tk 83 lakh for irregularities

All but Bangladesh Co-operative Insurance have already paid the fines

Govt banks, NBFIs highlight 25 innovative initiatives

Government-owned banks and non-bank financial institutions yesterday highlighted 25 innovative initiatives that offer various financial services to customers.

Administrator appointed for Swadesh Islami Life Insurance

Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect

No commission or service fee for claim settlement

Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.

Administrator appointed for Sonali Life Insurance

Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson

Padma Islami served show cause notice over Tk 211cr unsettled claims

The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.

March 6, 2025
March 6, 2025

None can use CEO title in insurance firms without IDRA approval

The use of the CEO (current charge) title also requires regulatory approval

February 6, 2025
February 6, 2025

Takaful Islami Insurance fined Tk 10 lakh

The Insurance Development and Regulatory Authority (IDRA) has fined Takaful Islami Insurance Limited Tk 10 lakh.

November 7, 2024
November 7, 2024

Four IDRA members resign

All of them were appointed to three-year terms at different times

June 29, 2024
June 29, 2024

16 non-life insurers fined Tk 83 lakh for irregularities

All but Bangladesh Co-operative Insurance have already paid the fines

May 21, 2024
May 21, 2024

Govt banks, NBFIs highlight 25 innovative initiatives

Government-owned banks and non-bank financial institutions yesterday highlighted 25 innovative initiatives that offer various financial services to customers.

May 21, 2024
May 21, 2024

Administrator appointed for Swadesh Islami Life Insurance

Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect

May 8, 2024
May 8, 2024

No commission or service fee for claim settlement

Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.

April 21, 2024
April 21, 2024

Administrator appointed for Sonali Life Insurance

Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson

April 18, 2024
April 18, 2024

Padma Islami served show cause notice over Tk 211cr unsettled claims

The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.

February 28, 2024
February 28, 2024

Insurance claim settlement up 4% in 2023: IDRA

National Insurance Day on March 1