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Welcome to Reliance Insurance Limited !
Since the emergence of Bangladesh as an
independent nation, insurance industry was nationalised
along with banking and major industrial sectors of jute,
textile, sugar and other heavy industries. Under the
nationalised scheme, only two corporations in the name
and style of Sadharan Bima Corporation (General
Insurance Corporation) and Jiban Bima Corporation (Life
Assurance Corporation) were set up by the Government for
carrying out general and life insurance business
respectively.
While no private Bangladeshi owned enterprises was
allowed either in general or life insurance business,
foreign owned companies were, however, allowed to carry
out life assurance business. With gradual liberalisation
of investment in industry and commerce, insurance
business was also allowed in the private sector in 1985.
As a result, a number of companies were set up.
RELIANCE INSURANCE LIMITED was the fourteenth in
line to start general insurance business in the private
sector.
The Company was incorporated on 20th March 1988 and was
allowed to commence business by virtue of the
Certificate of Commencement of Business issued by the
Registrar of Joint Stock Companies on 22nd March 1988.
The Company obtained Certificate of Registration issued
by the Controller of Insurance on 7th April 1988.
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