Rupali Life Insurance PLC was established in 2000. Today Rupali Life, with its Head Office in Dhaka operates all over the Bangladesh. Rupali Life Insurance PLC offers a system to replace the loss of income that occurs when someone dies (usually the person who produces the majority of income in a family situation). It is a contract between you as insured person and RLIC that is providing the insurance if our clients dies while the contract is in force, the Rupali Life Insurance PLC will pay a specified sum of money free from income tax “Cash benefits” to the person or persons beneficiaries or nominees. Our Life Insurance Plans do more that just replace the loss of income that occurs after your date. It should also provide money to cover the new costs that arise after your death funeral expenses, taxes, probate costs, the need for housekeepers, child care, and so on. And those cash benefits should provide for your families future needs as well, including education for your children and part of all of your spouse’s retirement needs. In almost all the cases, your beneficiary can use the cash benefits in the way he or she sees fit, without restriction.

Rupali Life Insurance PLC policy of developing local talent to resource its operations has greatly contributed to its success in understanding, meeting and responding quickly to change customer needs and market conditions. We are primarily staffed with local personnel who are constantly studying the needs of individuals and developing innovative products to the specific requirements of each district of Bangladesh. This long-standing approach is the foundation of our leadership, because we understand local market needs and conditions. Local awareness typifies RLIC’s previous history and continues to this day.

Company Information

Head Description
 Name Of the Company  Rupali Life Insurance PLC.
 Status of the company
The Company was incorporated as a Public Limited Company in Bangladesh 28 Decemer 1999 under the companies Act. 1994 The Company within the stipulation laid down by Insurance Art. 1998 (New Act. 2010) and directives as received from time to time from Insurance Development & Regulatory Authority (IDRA) provides life insurance service. The company is listed with Dhaka Stock Exchange and  Chittagong Stock Exchange as a Publicly  Traded Company.
 Nature Of Business  Life Insurance business
 Date of Incorporation  28th December, 1999
Authorized Capital TK. 1.000 (One Thousand) million
Paid up Capital Tk.300.14 (Three hundred point One Four) million.
Registered Office Rupali Life Tower , 50 Kakrail, Dhaka – 1000 .
Re-Insurer

BARENTS RE REINSURANCE COMPANY INC,

Address: Valhalla House, 634 South Sound Road

P.O.Box 1095, KYI-1007 Grand Cayman

CAYMAN ISLANDS

Auditors Basu Banerjee Nath & Co.
Charterd Accountans
Dhaka Trade Centre(11th Floor)
99, Kazi Nazrul Islam Avenue, Kawranbazar , Dhaka-1215.
Phone: 880255012551-2, 880255012551, Mobile: 01791-829705,
E-mail: dkroy@bbnco.net , Web:www.bbnco.net
Consulting Actuary Mohammad Sohrab Uddin, Ph.D, AIA Consulting Actuary House #8, Road #12 Sector # 13, Uttara, Dhaka-1231.
Legal Advisor A. F. Hasan Arif & Associates Suit # C-2/12, “Al-Baraka Tower”252, Elephant Road, Dhaka-1205.
Bankers Exim Bank Ltd., Bangladesh Krishi Bank, Islami Bank Bangladesh Ltd., Prime Bank Ltd., Janata Bank Ltd., Agrani Bank Ltd., Mercantile Bank Ltd., First Security Islami Bank Ltd., The City Bank Ltd., Social Islami Bank Ltd., Jamuna Bank Ltd., United Commercial Bank Ltd., Uttara Bank Ltd., Rupali Bank Ltd., Mutual Trust Bank Ltd., Trust Bank Ltd., Al-Arafa Islami Bank Ltd., South East Bank Ltd., Eastern Bank Ltd., Dutch-Bangla Bank Ltd.
Membership

i) Bangladesh Insurance Association

ii) Bangladesh Association of Publicly Listed Companies

Telephone 8392361-4
Fax 0088-02-8392370
E-mail rupali_life@yahoo.com
Website rupalilife.com

Mission And Vision

Vision

To be the best life insurance company of choice among Life Insurance Companies and their members for quality life insurance solutions that help to ensure financial security and peace of mind.

Mission

To be a strategic long-term partner with Rupali Life Insurance Company, providing quality products, legendary service and uncompromising marketing programs and distribution support that:

Meet the needs of Rupali Life Insurance Company Members.

Strengthen the brand and enchance the value of Rupali Life Insurance Company Membership.
Provide a competitive return to our owners and contribute meaningful revenu to Rupali Life.
Create a positive environment for motivated associates to grow and contribute to the success of Rupali Life PLC.
 

 

Core Values

Customer First Always:
Give first priority to customer needs. Look to build enduring relationships with customers – internal and external. Differences should be communicated in the spirit of relationship building.

Organisation Above Self :
We believe that individual, team and department actions will be driven by organization goals.
Trust :
We believe that there cannot be teamwork without mutual trust. Trust is fundamental to our business and will guide all internal and external interactions.

High Standards :
We believe that excellence can be achieved only by setting benchmarks that challenge our full potential as an organization and as individuals.

Shared Ownership :
We believe that ownership of success or failure in achieving organizational or team goals is shared by all.

Spirit of Adventure :
Uncertainty is our business and we believe in continuous innovation and creativity to meet challenges head-on.

Respect for Diversity :
We believe that diversity is our strength and it needs to be nurtured. We recognize that team members have varying backgrounds, competencies and ideas and constructive action results only when opinions are aired and understood.

Corporate Chronicle

CHRONOLOGY  
 Incorporation of the Company  28 December, 1999
 Commencement of Business  28 December, 1999
 Registration Certificate from the CCI office  29 December, 1999
 Inaugural Ceremony  09 February, 2000
 Signing of First Policy  09 February, 2000
Inauguration of Official Website 02 February, 2005
Appointment of Issue Manager 02 May, 2006
Agreement with CDBL 08 May, 2006
Introduction of first ever push-pull 10 July, 2007
First Credit Rating 11 October, 2007
BEFTN Payment System introduction 22 March, 2012
Mobile Banking System introdution 30 June, 2012
Initial Public Offering (IPO)  
Consent to issue of IPO from SEC 25 March, 2009
Publication of Prospectus 30 March, 2009
Subscription Opens 03 May, 2009
Subscription Closes 07 May, 2009
Lottery hold for Allotment of IPO Shares 03 June, 2009
Listing in Dhaka Stok Exchange 12 July, 2009
Listing in Chittagong Stok Exchange 22 June, 2009
First Trading in  
Dhaka Stok Exchange 14 July, 2009
Chittagong Stok Exchange 24 July, 2009
Right Share Offier  
Consent Of Issure Of Right Share Offer From BSEC 18 December 2013
Publication Of Right Offer Documents 7 January 2014
Subscription Opens 6 April 2014
Subscription Closes 5 May 2014
Share Credited on 26 May 2014