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MetLife in Bangladesh

Our story in Bangladesh

MetLife Bangladesh is a key business with a long history tracing back to 1952. Today, it is the largest insurance company and a major employer in the country with over 15,000 agents and employees.

Bangladesh at a glance

Country Head

M Nurul Islam

Regional Senior Vice President

Head of Bangladesh, Nepal & Myanmar

Established

1952

Market Leader

Since 1997

Registered Name

American Life Insurance Company

Rebranded

From Alico to MetLife Alico in 2010 and to MetLife in January 2015

Number of Employees

352 (as of March 28, 2017)

Number of Customers

More than 1 million

Number of Group Policies

887

Number of Lives Covered (under Employee Benefits)

266,133 (As of January 31, 2016)

Total Asset

101,050 million taka (as of December 31, 2015)

Amount of Life Fund

87,920 million taka (as of December 31, 2015)

Investment

88,856 million taka (81.62% investment in Govt. Sector) (as of December 31, 2015)

Income TAX Paid

1,881.6 million (2014)

Market Share

27.15% (as of 2014 BIA Report, here % is based on premium)

Number of Agencies

218 (as of March 28, 2017)

Number of Unit Offices

52 (as of March 29, 2017)

Financial Associates All Over the Country

15,000 + (as of February 28, 2017)

Primary Products & Services

Individual Life Insurance, Accident & Health, Group Life and Health, Employee Benefits, Annuities, etc.

Financial Strength

Highest Rated AAA (2015-2016)

Awards & Recognitions

5th highest company tax payer (2013-14) One of the top company taxpayers since 2009

Head Office

MetLife Building

18 - 20 Motijheel C.A.

Dhaka – 1000