Purabi General Insurance

What Purabi General Insurance does

Purabi General Insurance is a non-life insurance provider that encompasses the essential business operations of PGIC, offering a comprehensive array of General Insurance products, including Marine Insurance, Fire Insurance, Motor Insurance, Engineering Insurance, DOS & MBD Insurance, Money Insurance, and Miscellaneous Insurance. To ensure it remains a proficient service provider, PGIC focuses on quality enhancement and aims to boost its growth rate by optimizing Return on Investment. Overall, PGIC presents a well-rounded package characterized by corporate practices, a diverse business portfolio, and a commitment to fostering entrepreneurship. With a wide range of offerings, Purabi Insurance diligently strives to provide clients with innovative products and services while upholding its dedication to safety, security, and sustainability.

Name

Purabi General Insurance

Legal name

Purabi General Insurance Company Limited

Website

https://www.purabiinsurance.org/

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

Purabi General Insurance is a general insurance company that covers fire, marine, motor, and all kinds of miscellaneous insurances.

Ownership category

akta.pro rank

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. General Insurance Premiums: Purabi General Insurance Company Limited operates as a public limited company licensed to run all types of general insurance business other than life insurance business under the Insurance Act, 1938. Revenue is generated through premium payments from various insurance products.

Distribution channels1 record

Marketing channels1 record

Core offering

Purabi General Insurance Company Limited is a Bangladeshi general (non-life) insurance company that underwrites and sells insurance policies across eight product lines: Fire, Motor, Marine, Engineering, All Risks, Liability, Aviation, and Miscellaneous Insurance. The company primarily serves corporate organizations in Bangladesh for asset protection and risk management, distributing through a domestic branch network.

Product overview

Purabi General Insurance Company Limited (PGICL) is a general insurance provider offering a comprehensive portfolio of insurance products. The company operates as a single-unified insurance platform covering multiple risk categories including Fire, Motor, Marine, Engineering, All Risks, Liability, Aviation, and Miscellaneous Insurance. Incorporated on 29 June 1998 under the Companies Act, 1913 and licensed under the Insurance Act, 1938, PGICL serves corporate organizations through asset security since 1988.

Differentiator

Problem solved

Functional benefit

Products and services

• Fire Insurance Property insurance coverage protecting buildings, equipment, and contents against losses or damages caused by fire; designed for corporate clients holding insurable property assets.
• Motor Insurance Vehicle insurance providing coverage for damages to motor vehicles and third-party liability; targeted at corporate vehicle fleet owners and individual/commercial vehicle holders in Bangladesh.
• Marine Insurance Insurance coverage for marine cargo, hull, and liability risks during transit by sea or inland waterways; aimed at importers, exporters, and shipping/cargo-owning corporates.
• Engineering Insurance Insurance protecting against losses related to construction projects, machinery breakdown, and electronic equipment; targeted at construction firms, manufacturers, and operators of capital equipment.
• All Risks Insurance Comprehensive insurance coverage providing protection against all risks of physical loss or damage except those specifically excluded; designed for corporate clients seeking broad property cover.
• Liability Insurance Coverage protecting businesses against legal liabilities arising from bodily injury, property damage, or professional negligence; for Bangladeshi corporates facing third-party liability exposure.
• Aviation Insurance Insurance coverage for aircraft, aviation liabilities, and risks associated with aviation operations; aimed at corporate aircraft owners, operators, and aviation-sector clients.
• Miscellaneous Insurance Various specialized insurance products including burglary, plate glass, cash in transit, and other miscellaneous coverage not classified under the core property, motor, marine, engineering, liability, or aviation lines; targeted at corporate clients with specialized risk needs.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights1 record

Broad incumbents

• Sadharan Bima Corporation: Bangladesh state-owned general insurance corporation offering fire, marine, motor, and miscellaneous coverage. Directly comparable multi-line general insurer operating in the same domestic market with much greater scale and government backing.
• Jiban Bima Corporation: Bangladesh state-owned life insurance corporation that, while focused on life insurance, sets competitive context for all domestic insurers including PGICL. Provides benchmark for state-backed competitors in the broader Bangladesh insurance market.

Direct peers

• Reliance Insurance Limited: Bangladesh-listed general insurance company offering similar multi-line fire, marine, motor, and engineering coverage to corporate clients. Closest direct peer in terms of product portfolio, listed status, and target customer segment.
• Pioneer Insurance Company Limited: Bangladesh general insurer with overlapping product lines including fire, motor, marine, and engineering, serving corporate clients through a domestic branch network. Comparable in size and regulatory positioning to PGICL.
• United Insurance Company Limited (Bangladesh): Bangladesh-listed general insurance company providing fire, marine, motor, and miscellaneous insurance products to corporate clients. Strong direct competitor in the same domestic market with similar multi-line approach.
• Eastland Insurance Company Limited: Bangladesh general insurance carrier offering multi-line coverage including fire, motor, marine, and engineering insurance. Comparable listed peer with similar target customer base and product breadth.
• Asia Insurance Limited (Bangladesh): Bangladesh-listed general insurance company delivering fire, marine, motor, and miscellaneous insurance products to corporate clients. Direct peer in same regulatory environment (BSEC, IDRA) with similar multi-line strategy.
• Meghna Insurance Company Limited: Bangladesh general insurance company offering fire, marine, motor, and other non-life insurance products. Comparable in scale, listed status, and customer focus to PGICL.
• Paramount Insurance Company Limited: Bangladesh general insurer with similar multi-line product offering and corporate client focus. Direct competitor in the same domestic market with comparable size and regulatory profile.
• Provati Insurance Company Limited: Bangladesh-listed general insurance company serving corporate clients with fire, motor, marine, and miscellaneous insurance products. Comparable peer in product mix and market positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Customer concentration

• LinkedInlinkedin.com/company/purabi-general-insurance-co.-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Purabi General Insurance