"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. Being sponsored by a group of renowned business personalities, reputed industrialists and Journalist of the country. The Company started its commercial operation on 25th November, 1986."

"Karnaphuli Insurance Company Limited was started its journey with paid up capital of 30.00 million in 1986. By way of issuing right shares, stock dividend the paid up capital stood Tk. 407.03 million. "