Green Delta Insurance

What Green Delta Insurance does

Green Delta Insurance PLC is Bangladesh's largest non-life insurance company, founded in 1985 and operating since 1 January 1986 with 37 branches, 512+ employees, and a customer base exceeding 10 million people. The company is publicly listed on the Dhaka Stock Exchange (since 1990) and Chittagong Stock Exchange (since 1995), with 5,412 shareholders, paid-up capital of BDT 1,001.88 million, and an AAA credit rating from CRAB. It is also noted as the only non-life insurer in Bangladesh with IFC World Bank equity investment. Green Delta holds wholly-owned subsidiaries Green Delta Capital Ltd. (capital markets), GD Assist Ltd. (insurance support services), and Professional Advancement Bangladesh Ltd. (training, in association with the Chartered Insurance Institute UK).

The company's product portfolio spans motor, health, fire, marine, travel, personal accident, burglary, all-risk, pet, and agricultural insurance, alongside specialized offerings including Nibedita (comprehensive women's insurance, the first such product in South Asia) and Digital Nano Insurance for RMG workers priced under one dollar. The technology platform comprises the InsuMama mobile app (iOS/Android) for self-serve policy purchase and management, WhatsApp-based claims submission, automated mobile payouts for weather-index crop insurance (expanded to 50 districts), and the Green Delta Innovation & Digital Hub (GDID Hub) at Banani.

Green Delta's revenue model is anchored on recurring insurance premiums across consumer and corporate lines, supplemented by transaction-fee revenue from bancassurance partnerships (Mutual Trust Bank, Eastern Bank, Dhaka Bank, IDLC Finance, BRAC Bank, EBL) and digital platform revenue via mobile financial services (Nagad), telcos (Grameenphone, Banglalink, Robi), and insurtech platforms (Wagely, DOCTIME, Chhaya, iFarmer). Distribution operates through a hybrid model: 37 branches plus direct-to-consumer digital, enterprise field sales for corporate group policies, and an extensive channel partner network reaching individual, RMG, agricultural, women's, and bank-customer segments.

Name

Green Delta Insurance

Legal name

Green Delta Insurance PLC

Website

https://green-delta.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Green Delta Insurance PLC is Bangladesh's largest non-life insurer, serving 10M+ customers across 37 branches with diversified products including motor, health, weather-index crop, women's, and pet insurance, distributed through banks, telecoms, MFS, and the InsuMama app.

Ownership category

akta.pro rank

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices21 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Non-Life Insurance Premiums: Collection of insurance premiums across multiple product lines including motor, health, fire, marine, travel, personal accident, agriculture, and specialty insurance. Premiums are collected at policy inception and renewals. Core revenue stream for the company.
2. Bancassurance Revenue: Revenue from insurance products distributed through partner bank branch networks. Commission-based revenue from bank channel partnerships including Mutual Trust Bank, Eastern Bank, Dhaka Bank, and IDLC Finance.
3. Digital Platform Revenue: Revenue generated through digital channels including the InsuMama app, Nagad mobile financial service partnership, and digital platform integrations. Includes micro-insurance products distributed through digital ecosystems.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Green Delta Insurance PLC is a non-life insurance company offering a comprehensive portfolio of insurance products including motor, health, fire, marine, travel, personal accident, burglary, agriculture, pet, and women's comprehensive insurance (Nibedita). Products are distributed through a 37-branch network, bancassurance partnerships with banks, mobile financial services (Nagad), telecom partnerships, and the proprietary InsuMama mobile app for digital self-serve. The company also serves corporate group insurance, weather-index crop insurance for farmers, and Digital Nano Insurance for RMG workers.

Product overview

Green Delta Insurance PLC is a non-life insurance company offering a diverse portfolio of insurance products and services. The core offerings include Motor Insurance, Health Insurance (with Shurokkha All Rounder and Shurokkha 365 sub-products), Travel Insurance, Fire Insurance, Marine Insurance, Burglary Insurance, Personal Accident Insurance, All Risk Insurance, Pet Insurance, and Agri Insurance. The company also provides specialized products such as Nibedita (comprehensive insurance for women) and Digital Insurance through online channels. Their digital ecosystem includes the InsuMama Mobile App for policy purchase and management, and they distribute products through Bancassurance partnerships with banks. Recent innovations include Pet Insurance (Bangladesh's first comprehensive pet insurance) and Digital Nano Insurance for RMG workers. The company operates through 37 branches across Bangladesh and serves millions of customers.

Differentiator

Problem solved

Functional benefit

Brands

• InsuMama: Mobile application providing variety of insurance solutions, specialized insurance service for women, digital premium payment, policy monitoring, and renewal reminders.
• Nibedita
• GDID Hub
• Shurokkha

Products and services

• Motor Insurance Comprehensive motor vehicle insurance covering accidental damage, theft, fire, riot, earthquake, flood, and third-party liability for cars, motorcycles, and commercial vehicles.
• Health Insurance Health coverage including Shurokkha All Rounder and Shurokkha 365 plans, providing hospitalization, surgery, disability coverage, OPD benefits, and COVID-19 cashback for accidents and diseases.
• Travel Insurance Travel insurance providing coverage for trip cancellations, medical emergencies, lost baggage, and travel-related risks for individuals traveling domestically or internationally.
• Fire Insurance Property insurance covering loss or damage to buildings, contents, and assets due to fire, explosion, and related perils.
• Marine Insurance Insurance coverage for goods, cargo, and vessels in transit by sea, land, or air, protecting against loss or damage during shipping.
• People's Personal Accident Insurance Accident insurance providing compensation up to BDT 100,000 for permanent total disablement, absolute disablement, and death resulting from accidental bodily injury. Premium is BDT 60 plus 15% VAT.
• Burglary Insurance Insurance coverage against losses from housebreaking, theft, and burglary, protecting property and assets from unauthorized entry.
• All Risk Insurance Comprehensive insurance covering a wide range of risks and perils not specifically excluded, providing broad protection for specified items.
• Pet Insurance Comprehensive pet insurance covering accidental injuries, critical illnesses, and specified diseases for companion animals. First such product in Bangladesh.
• Agri Insurance Agricultural insurance including Weather Index Crop Insurance and Area Yield Index Crop Insurance, protecting farmers from climate-related risks and unpredictable weather.
• Nibedita Women's Comprehensive Insurance Comprehensive insurance policy exclusively designed for women, providing coverage for various women's-specific needs and general insurance requirements.
• Shurokkha 365 Annual health insurance plan covering accidents, diseases, and COVID-19 with up to BDT 100,000 health cashback per year. Premium BDT 235 including VAT.
• Shurokkha All Rounder Health insurance plan providing BDT 20,000 coverage per person per year for hospitalization, surgery, and disability, plus BDT 2,000 OPD coverage. Premium BDT 334 including VAT.
• Bancassurance Insurance products distributed through bank channel partnerships, enabling customers to purchase insurance via banking outlets and platforms.
• Digital Nano Insurance Affordable micro health insurance covering IPD and OPD facilities for RMG workers and low-income segments, priced under one dollar, distributed through employer and platform partnerships.
• Weather Index Crop Insurance Bangladesh's first weather-index crop insurance covering floods, cyclones, and heatwaves. Uses automated mobile payouts for timely farmer support. Covers 50 districts across Bangladesh with over BDT 232 million disbursed through automated payouts.
• InsuMama Mobile App Mobile application providing variety of insurance solutions in one platform, specialized insurance service for women (Nibedita), easy signup and policy purchase facility, digital premium payment, policy monitoring, and renewal reminders.

Quantifiable outcome

• Served over 10 million people in Bangladesh
• +4 more outcomes

Named customers20 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

32 partnerships are on record, tiered core and minor.

• WagelycoreStrategic or Co-development Partner · 15 February 2026Partnership to introduce Digital Nano Insurance for Bangladesh's RMG workers. Covers both IPD and OPD facilities for over 250,000 Wagely users and their families at under one dollar per person. Signed by Syed Forhad Abbas Hussain, DMD and Head of Underwriting of Green Delta Insurance, and Noor Elahi, MD of Wagely. Aims to enhance social protection, strengthen workforce resilience, and promote financial wellness across the RMG sector.
• SAJIDA FoundationcoreStrategic or Co-development Partner · 15 February 2026MoU signed to introduce Weather Index-based Crop Insurance and Area Yield Index-based Crop Insurance to enhance climate resilience of farmers and farming communities across Bangladesh. Signed by Mr. Anupam Das, Head of Impact Business at Green Delta Insurance, and Mr. Md. Abul Kalam Azad, Director of Microfinance Program at SAJIDA Foundation. Products will help secure livelihoods, strengthen food security, and empower rural communities against climate change.
• GaribookminorChannel Partner/ Reseller/ Distributor · 5 February 2025Partnership to introduce insurance coverage for ride-sharing services in Bangladesh. Green Delta pioneered general insurance coverage for Garibook drivers and customers during their trips. Signed by Shubasish Barua, Head of Impact Business of Green Delta, and Syed Rajib Hossain, Founder & CEO of Garibook.
• Chhaya Technologies Ltd.minorChannel Partner/ Reseller/ Distributor · 26 November 2024MoU to provide accessible insurance solutions including micro health insurance, domestic insurance, and People's Personal Accident (PPA) insurance through Chhaya's platform. Enables seamless integration into Chhaya's ecosystem. Signed at GDID Hub by Md. Moniruzzaman Khan, ED & Head of Digital Business of Green Delta, and Shawon Muhammad Shahriar, Co-Founder & CEO of Chhaya.
• DOCTIME LimitedminorStrategic or Co-development Partner · 20 November 2024Strategic partnership to bundle micro health insurance products with DOCTIME's teleconsultation services. Green Delta's insurance products facilitated on DOCTIME platform, creating seamless integration. Signed at GDID Hub at Banani by Syed Moinuddin Ahmed, Additional Managing Director of Green Delta, and Anowar Hossain, Founder & CEO of DOCTIME.
• Dhaka Bank PLCcoreChannel Partner/ Reseller/ Distributor · 6 October 2024Country's first dual insurance co-branded credit cards with Mastercard launched. Two cards - Titanium and World credit cards - offer comprehensive health and insurance plans with in-patient treatment up to Tk 60,000, life insurance up to Tk 5 lakh natural death and Tk 10 lakh accidental death. Also includes discounts on healthcare, lifestyle, and travel.
• Omera Petroleum LimitedminorChannel Partner/ Reseller/ Distributor · 5 June 2024Partnership to provide insurance benefits tailored for Omera's exclusive distributors, offering customized coverage for Omera's distribution network.
• iFarmercoreStrategic or Co-development Partner · 26 May 2024Tri-party MOU with iFarmer and IDLC Finance to establish collaborative framework for providing crop insurance and financial services to farmers. Partnership aims to strengthen agricultural insurance access in Bangladesh.
• Kansai Nerolac PaintsminorChannel Partner/ Reseller/ Distributor · 9 May 2024Agreement to provide micro health insurance services to painters through Kansai Nerolac Paints' network, expanding health insurance coverage to skilled workers.
• BYD / CG Runner BD Ltd.minorChannel Partner/ Reseller/ Distributor · 21 April 2024Agreement to offer motor insurance services to BYD electric vehicle customers in Bangladesh through CG Runner BD Ltd. Partnership covers motor insurance for EVs distributed by BYD.
• NagadcoreChannel Partner/ Reseller/ Distributor · 20 February 2024Landmark deal to make insurance easily accessible and affordable to people through Nagad's mobile financial services platform. Signed on 20 February 2024. Partnership leverages Nagad's extensive mobile financial services reach for insurance distribution.
• BRACcoreStrategic or Co-development PartnerOngoing partnership through Weather Index Crop Insurance (Boro Rice) initiative. Launched in 2022 with 3,000 beneficiaries, expanded to over 30,000 farmers across multiple regions. BDT 2.1 million Boro rice claims ceremonially handed over to BRAC in February 2026. In 2024 alone, more than BDT 18 million in insurance claims were disbursed to support affected farmers.
• BRAC Bank PLC TARAminorGTM or Marketing PartnerJoint breast cancer awareness event titled 'Rising Above Fear' organized with TARA (Agami and Premium Banking Segment) of BRAC Bank. Dedicated to screening, early detection, and mental well-being of women. Event featured oncoplastic breast surgeon, psychotherapist, and panel discussion with cancer specialists.
• Mutual Trust Bank PLC (MTB)coreChannel Partner/ Reseller/ DistributorDigital onboarding for Non-Life Insurance across MTB branch network under Bancassurance platform. Historic initiative for greater customer convenience and accessibility. MTB and Green Delta strengthen their Bancassurance partnership with digital onboarding. Also includes Banca Toofan campaign for insurance distribution through MTB bank professionals.
• Eastern Bank PLC (EBL)coreChannel Partner/ Reseller/ DistributorBancassurance agreement with exclusive health insurance services for women customers covering IPD, OPD, maternity and different medical services. Joint Banca Toofan campaign for bank professionals to explore insurance business. Customer benefit agreement signed under which women customers of EBL enjoy exclusive GDIC health services.
• GrameenphonecoreChannel Partner/ Reseller/ DistributorStrategic partnership for insurance product distribution. Green Delta Insurance officially entered into a strategic partnership with Grameenphone. Signing ceremony attended by Syed Forhad Abbas Hussain, DMD & Head of Underwriting Management at Green Delta Insurance.
• Banglalink Digital Communication LimitedminorChannel Partner/ Reseller/ DistributorPartnership to offer Fire Insurance products to Banglalink Digital Communication Limited customers, expanding insurance accessibility through telecom channel.
• IDLC Finance PLCcoreChannel Partner/ Reseller/ DistributorMoU to enhance customer-centric solutions by integrating insurance and financial products. Also distributes Nibedita insurance through IDLC. Tri-party partnership with iFarmer to provide crop insurance to farmers. Signed by Syed Moinuddin Ahmed, Additional Managing Director at Green Delta, and Syed Javed Noor, AMD at IDLC Finance.
• DBH Finance PLCminorChannel Partner/ Reseller/ DistributorMoU to provide car loan customers of DBH Finance with insurance coverage from Green Delta Insurance.
• GE Healthcare Bangladesh Ltd.minorStrategic or Co-development PartnerStrategic partnership enabling Green Delta to cater to various insurance needs of GE Healthcare Bangladesh Ltd. Signing ceremony held at capital with representatives from both organizations.
• Good Neighbors BangladeshminorStrategic or Co-development PartnerPartnership to provide fire insurance for Good Neighbors Bangladesh's assets and properties. Employees receive overseas medical coverage for safety during travel. Signed by M. Mainuddin Mainul, Country Director of Good Neighbors Bangladesh, and Anupam Das, Head of Impact Business at Green Delta.
• Waadaa InsureminorChannel Partner/ Reseller/ DistributorAgreement signed on 13 February 2024 to offer retail insurance products to customers through Waadaa Insure's distribution platform.
• Robi Axiata LimitedminorChannel Partner/ Reseller/ DistributorCorporate agreement with Robi Axiata Limited for insurance product distribution to Robi customers.
• Genex InfosysminorChannel Partner/ Reseller/ DistributorCorporate agreement with Genex Infosys Bangladesh Limited for insurance product distribution.
• IDRC / Malaysian Healthcare Travel CouncilminorStrategic or Co-development PartnerJoint organization with Malaysian Healthcare Travel Council for GD Health launching, offering health coverage with treatment options in Bangladesh, India and Malaysia with Global Emergency Medical Evacuation.
• Institute of Architects Bangladesh (IAB)minorChannel Partner/ Reseller/ DistributorAgreement to provide IAB members with comprehensive health and life insurance coverage. Signed by MD & CEO Farzanah Chowdhury and IAB President Ar. Dr. Khandaker Shabbir Ahmed.
• Professional Advancement Bangladesh Limited (PABL)coreImplementation/ SI/ Consulting PartnerSubsidiary of Green Delta Insurance launched in association with Chartered Insurance Institute (CII), UK. PABL provides demand-based training to Green Delta employees and external stakeholders. Courses from CII available for PABL students in Bangladesh.
• Green Delta Securities LimitedcoreChannel Partner/ Reseller/ DistributorSubsidiary of Green Delta Insurance. Wafi Shafique Menhaz Khan serves as Managing Director and CEO. Represents GDIC Group in capital markets. Formerly received Capital Finance International award for Best Stockbrokerage in Bangladesh.
• GD Assist Ltd.coreChannel Partner/ Reseller/ DistributorSubsidiary of Green Delta Insurance. Syed Moinuddin Ahmed serves as Managing Director. Part of GDIC Group providing assist services.
• Green Delta Capital Ltd.coreChannel Partner/ Reseller/ DistributorSubsidiary of Green Delta Insurance, located at Green Delta AIMS Tower (3rd floor), 51-52 Mohakhali C/A, Dhaka.
• Insurance Development and Regulatory Authority (IDRA)coreOthersRegulatory body overseeing the insurance industry in Bangladesh. Green Delta collaborates with IDRA on industry development, product approvals, and regulatory compliance. A.K.M. Iftekhar Ahmad previously served as Senior Consultant at IDRA.
• Chartered Insurance Institute (CII), UKcoreImplementation/ SI/ Consulting PartnerProfessional organization partnership through PABL (Professional Advancement Bangladesh Limited). CII courses available for insurance professionals in Bangladesh. MoU signed at PABL launching ceremony in 2014.

Scale indicators14 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Islami Insurance Bangladesh Limited: Bangladesh-listed non-life insurer structured around Shariah-compliant products. Competes with Green Delta in motor, fire, marine, and miscellaneous lines, particularly within Islamic banking channel partners.
• Pragati Insurance Limited: One of Bangladesh's leading non-life insurers with a similar multi-line product portfolio including motor, marine, fire, and accident. Competes head-to-head with Green Delta across corporate and retail segments.
• Eastern Insurance Co. Ltd. Bangladesh non-life insurer competing in similar motor, fire, marine lines. Notably, Green Delta's A.K.M. Iftekhar Ahmad previously served as CEO of Eastern Insurance, illustrating deep overlap in the Bangladesh non-life talent pool.
• Sonarbangla Insurance Co. Ltd. Bangladesh non-life insurance carrier with overlapping motor, fire, marine, and accident products. Comparable mid-tier competitor in the same IDRA-regulated market.
• Pioneer Insurance Company Limited: Bangladesh general insurer with multi-line coverage. Competes with Green Delta in both individual and corporate distribution channels in Bangladesh.
• Reliance Insurance Limited: Bangladesh-listed non-life insurance carrier offering motor, fire, marine, and miscellaneous coverage. Directly comparable as a general non-life competitor in the same regulatory and bancassurance ecosystem as Green Delta.
• United Insurance Company Limited: Long-standing Bangladesh non-life insurer offering motor, fire, marine, and engineering coverage. Comparable scale and product breadth, and shares overlap in management talent pipeline with Green Delta.
• Nitol Insurance Company Limited: Bangladesh-listed non-life insurer offering motor, fire, marine cargo, and engineering coverage. Operates in the same regulatory environment and customer segments as Green Delta.

Broad incumbents

• Sadharan Bima Corporation: Bangladesh state-owned general insurance corporation and the largest overall insurer in the country. Competes broadly with Green Delta across most non-life lines, with the advantage of government backing and nationwide footprint.

Emerging players

• ACKO General Insurance: India-based digital-first non-life insurer offering motor, health, and travel products through mobile and ecosystem partnerships. Relevant peer as a benchmark for Green Delta's digital distribution and InsuMama strategy.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GreenDeltaOfficial
• LinkedInlinkedin.com/company/green-delta-insurance-company-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 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 Green Delta Insurance