38 apply to open new insurance cos

Insurance regulators are trying to open some 38 unsolicited applications for a new insurance company has received, officials said Wednesday.

Insurance Development and Regulatory Authority (IDRA) in the preparation of the new life insurance company may soon officially open the application for a license issued to back, they added.

"We are preparing an application, and the Bengali version of the updated licensing policy. We will soon offer a new insurance company, aspirants to the formal application," a senior Finance Ministry official told FE.

Months to return to the Finance Minister AMA National Bank, banks and insurance companies, government and political considerations for the new license will provide. Central Bank, who are already interested in you want to open a new bank company received 37 applications.

IDRA 38 unsolicited applications received by the four general insurance and 34 life insurance companies.

The person setting up new insurance companies to submit unsolicited applications ASM Shahidullah Khan, Parvez Akhter Khanom, Syed MH Kabir, Dr Hosne Ara Begum, Ahmed Hosen, Mohammed Mohsin, Abdul Awal, Manirul Islam, Abdul Alim Khan, Saleem, Office Khurrom included Ahmed Mohiuddin Ahmed, Mujibor Rahman, Sayed Habibur Rahman, Anwar Hossain, Muhitul Bari Muhit, Nurul Amin, Shawkat Ali Talukder, Mir Nasser Hosen, Abdur Rahim Khan, Isfakul Rahman, Atiqul Haque, Sanjit Kumar Das, Farhana Rabbani Chowdhury, M Khaleq, Masih owner Chowdhury, MM Abdul Hye, Chowdhury Mohammad Hanif, Iftekhar Hasan Tareq, Atikuna Nabi, Golam Kabir Bhuiyan, Riyad Ali, Sultan-ul-Kabir, Shahabuddin Ahmed, Noor Hossain, Abdur Rahim Khan and Mahtab Uddin Chowdhury.

60 private insurance companies with a foreign one, a total of Bangladesh is currently operating. Them, 18 are life and 42 general insurance companies. In addition, two state-owned entities - Jiban Bima Corporation (JBC) and Sadharan Bima Corporation (SBC) - In addition to life insurance business and is operating, respectively.

A Finance Ministry official said the life insurance company, this time will be considered for a distribution license. Any application for a general insurance company will rejoice, he said.

Between 1996 and 2001, the 30 insurance companies, general insurance businesses, most of which allow it.

Bangladesh Insurance Association (BIA) that AKM Rafiqul Islam, former chairman of the FE was more life insurance companies be allowed to have a chance, but not general insurance sector. The number of general insurance companies, already high, he said.

Article Source: - http://www.thefinancialexpress-bd.com/more.php?news_id=160992&date=2011-12-29

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