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.
| 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 |
| rupali_life@yahoo.com | |
| Website | rupalilife.com |
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.
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.
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.
| 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 |
Rupali Life Insurance Company Limited (RLIC) is one of the leading life insurance companies in Bangladesh.