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Karnaphuli Insurance Company Limited was incorporated on 23rd November 1986 as a public limited company under the companies act 1913, obtained the certificate 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

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 issue.

The company earned Gross premium of Tk.520,383,675 in the year 2021 against Tk. 458,190,545 in 2020. 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 2021 is stated below:


  Category No of Shareholders No of Shares % of holding
Sponsor/Director 14 1,38,45,158 30.85
Public 9,025 2,57,82,049 57.45
Institution 96 52,48,906 11.70
Total 9,135 4,48,76,113 100.00


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.