Going Down All General Insurance Business. Premium wage of Private Sector General Insurance diminished by Tk 30 crore in the year finished of 2011 in examination with 2010.
As of late all organizations have presented the year finished information to the Bangladesh Insurance Association (BIA).
As indicated by the BIA information, an aggregate premium wage of 43 General Insurance Companies remained at Tk 822 crore on the year 2010 by expanding Tk 155 crore that earlier year.
Be that as it may, on 2011, premium pay remained at Tk 948 crore by expanding Tk 125 crore in correlation with the earlier year. Subsequently Insurance business diminished by Tk 30 crore in the interim of a year.
Protection business people said, on account of the numerous number of general protection it is exceptionally hard to do great in the business in the focused business sector.
Then again government has taken choice to give more Insurance permit.
Protection Development Regulatory and Authority (IDRA) Chairman M Shefaq Ahmed said some old Insurance is powerless as past Controller did not attempt to ad lib them.
However, forthcoming new Insurance permit will be given to consider their solid monetary major subsequently there will be no budgetary danger.
Sources said, in the General Insurance Sector 9 organizations neglected to be recorded in Share Market because of their money related ineptitude.
The Companies are-Bangladesh Co-Operative, Meghna, Bangladesh National, South Asia, Islamic Commercial, Express, Union, Cristal and Desh General Insurance.
Among the company’s, on 2011 Bangladesh Co-Operative Insurance has made premium pay Tk 4.65 crore.
Meghna Insurance has made premium pay Tk 9.73 crore in correlation with Tk 9.16 crore of earlier year.
Bangladesh National Insurance made business Tk 8.40 crore this year in examination with Tk 7.25 crore of earlier year.
Green Delta the main organization by business of General Insurance Sector has made premium pay Tk 86 crore on the 2011 year contrasted with Tk 94.63 crore of earlier year.