Over Three Decades of Experience

Mr. Dean Mohammad, Chairman of the Phoenix Group in association with Maj. Gen. (Retd) Abdul Mannan Siddiqui who was the founder chairman along with a group of entrepreneurs founded the company with a paid-up capital of Tk 30 million.

The Company, headquartered in Dhaka, began operation in most parts of the country after obtaining certificate on December 1, 1986 and being registered with the department of insurance on December 4, the same year.


Bangabandhu Sheikh Mujibur Rahman - the Bima personality

Bangabandhu Sheikh Mujibur Rahman was not only the architect of Bangladesh’s independence he was also a well-known and extraordinary “Bima” personality in our insurance sector. On March 1, 1960, he joined as the Bangladesh head of the then Alpha Insurance. As politics was banned officially back then, with wisdom and foresight he chose this sector to keep the wheel of politics active. As a result, while working in the Bima company, he kept people united and motivated and also quietly went on working for establishing their rights.

Service for Security

The company first announced first dividend for its shareholders on April 21, 1990 and issued prospectus for public floatation of shares on July 28, 1994. Under the Insurance act of 1938 with the slogan ‘Service for Security’ the Company was listed in Dhaka Stock Exchange Ltd (DSE) on December 4, 1994 and the next day, launched trading of shares in the DSE. The shares of first trading were valued at Taka 440 each. The first AGM of the company took place at the Sonargaon Hotel Dhaka on October 25, 1995 where all the sponsors, directors, shareholders, employees, clients, members of regulatory bodies were present. The company issued first bonus share on July 1, 2003 and signed agreement with CDBL on December 22, 2004. It started de-mat settlement on January 15, 2005.

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Helpful Customer Support

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538 Claims Fulfilled

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31 Offices Countrytwide

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