About us

About us

karnaphuli Insurance Company Limited  was  incorporated on 23rd November 1986 as a public limited Company under the  companies Act 1913, obtained the certificated of registration for carrying on General Insurance  Business from Controller of Capital Issues on 23rd November, 1986. The Company started its Business on 25th November, 1986 being sponsored by a group of renowned business personalities, reputed industrialists and Journalist of the country.

karnaphuli Insurance Company Limited (KICL) is a first  generation and top-tier Non-life Insurance Company. The Company has been maintaining strong capital base, ethical business standards, corporate culture and corporate governance, superior underwriting skills and dynamic investment management since its inception.  


Paid up Capital:

The Company started its Non-Life Insurance Business with a paid up Capital of 3.00 Crore and authorized capital 30.00 crore on 23 November, 1986. The Company enhance its paid up capital through floated initial public offering of TK. 3.00 crore in 1995, issuing right share and declared stock dividend different year. At the end of 2022 the paid up capital was raised at Tk. 44.87 crore and authorized capital Tk. 60.00 crore. The face Value of share was also changed from  Tk. 100 to  Tk. 10.00 and market lot size  from 20 to 200 share on 3rd October,2010. The shares of the company listed with Dhaka Stock Exchange Ltd. under A category share.                                                

The company earned Gross premium of Tk.590,124,656 in the year 2022 against Tk. 520,383,675 in 2021. Head Office of the company is situated at Meghna Life-Karnaphuli Bima Bhaban, 11/B & D, Toyenbee Circular Road, Motijheel, Dhaka. It is company`s won buildings. 

Percentage of shareholding as on 31 December 2022 is stated below:



No of Shareholders

No of Shares

% of holding


















Credit Rating:

The company achieved credit rating AA+ for long term, ST-2 for short term and outlook is stable based on its premium collection, crore services, strong liquidity position cautions underwriting process/policy, satisfactory dividend policy and expeditions settlement of claims.

Board of Director:

The Board of Karnaphuli insurance company has been comprised with 14 Directors including 3 independent Directors as on 31.12.2022. Mr. Nizam Uddin Ahmed, Chairman of the Company an eminent business personality in Bangladesh. He is well reputed journalist and Former Director of FBCCI, Vice President of Bangladesh Insurance Association, Director of Dhaka Chamber of Commerce & Industries (DCCI), and Director of Bangladesh Chamber of Industries. He also the chairman of Meghna Life Insurance Company Ltd. , Chairman of Meghna Life Securities And Investment Ltd. and Nizam-Hasina Foundation Ltd.

Vice Chairman Mr.Nasir Uddin Ahmed. He is also the vice chairman of Meghna Life Insurance Co. Ltd. and Chairman Meghna Life securities & Investment Co. Ltd.. He has been elected as first vice president of Bangladesh Insurance Association.


Karnaphuli Insurance Company Limited carries its insurance business through 30 branches at all important places of Bangladesh.

The branches directly underwrite all classes of business under guidance and supervision of head office. The business operation of the branches are monitored and controlled by the underwriting department of head office. Internal Audit department quarterly audits all branches and departments of head office. Claim department directly handles the claims. The company has a re-insurance treaty arrangement with Sadharan Bima Corporation (SBC). On special cases the company arranges special rate for valued clients. For diversification of business the company invests it fund in land, shares, bond market and FDR.


Management team of the company is consists of highly professional, long experienced, technically sound and dedicated executives. The management team runs the company efficiently they achieve the confidence of the client and other stake holders.


Business Strategy:

The Company is focused on few strategic issues encompassing change in Management the short to long period through the implementation of various policies, processes and activities to ensure continuous, sustainable and qualitative growth, with the sole objectives of Institution building. An effective cluster management program has implemented. Branch management is now being continually exposed to mature thoughts and ideas through mentors resulting in qualitative improvement of their business and operational activities.

The company has by now reaches on sound financial position to meet any emergency claim and to protect the interest of shareholders.

This company has also wide range Re-Insurance coverage for protecting in interest of clients.

Registered Office

Meghna Life-Karnaphuli Bima Bhaban (12th-13th floor) 11/B & D, Toyenbee Circular Road Motijheel C/A, Dhaka-1000.

Phone: 022339564808-9

Fabx: 01816-335503

E-mail: kicl.headoffice@gmail.com

Head Office

Meghna Life-Karnaphuli Bima Bhaban (13th floor), 11/B & D, Toyenbee Circular Road, Motijheel C/A, Dhaka-1000

Phone: 022339564808-9

Fabx: 01816-490298

E-mail: kicl.headoffice@gmail.com

IT Division

Meghna Life-Karnaphuli Bima Bhaban (13th floor), 11/B & D, Toyenbee Circular Road, Motijheel C/A, Dhaka-1000

Phone: 09617-000200 Ext-444

Fabx: 01914-688485

E-mail: kicl.bd.it@gmail.com

Share Division

Meghna Life-Karnaphuli Bima Bhaban (13th floor), 11/B & D, Toyenbee Circular Road, Motijheel C/A, Dhaka-1000

Phone: 022339564808-9

Fabx: 01911-263981

E-mail: kiclshare@yahoo.com