Meghna Insurance Company Limited

What Meghna Insurance Company Limited does

Meghna Insurance PLC is a publicly listed Bangladeshi non-life (general) insurance company incorporated on March 18, 1996 under the Companies Act-1994 and Insurance Act-2010. The company underwrites and distributes a portfolio of general insurance products — Fire, Marine, Motor, Engineering, and Miscellaneous insurance — alongside underwriting guidance and reinsurance arrangements for managing large-scale or complex risks. Its primary customer base is commercial entities (property, import/export cargo, construction projects), with motor insurance extending reach to individual vehicle owners.

The company operates through a direct branch network covering all eight administrative divisions of Bangladesh (Dhaka, Chattogram, Khulna, Rajshahi, Rangpur, Barishal, Sylhet, and Mymensingh), with 47 or more physical branch locations enumerated on its corporate website. It is regulated by the Insurance Development and Regulatory Authority (IDRA) and listed on both the Dhaka Stock Exchange and Chittagong Stock Exchange under the ticker MEGHNAINS. The company holds an AA credit rating and has maintained continuous operating status for over 25 years.

Meghna Insurance monetizes through insurance premium collection across its five core product lines, distributing through its owned branch channel with no disclosed digital intermediary or broker network. Customer-facing infrastructure includes a corporate website, online claim intimation form, downloadable claim forms, and vendor enlistment documentation. The headcount disclosed (26) appears to reflect head office personnel only, with branch operations staffed separately across the nationwide footprint. No proprietary technology platform, AI/ML capabilities, or APIs are disclosed in the source data.

Name

Meghna Insurance Company Limited

Legal name

Meghna Insurance PLC

Website

https://micl.com.bd

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Meghna Insurance PLC is a publicly listed Bangladeshi non-life insurance company offering Fire, Marine, Motor, Engineering, and Miscellaneous insurance to corporate and individual customers through a 47+ branch network spanning all eight divisions of Bangladesh.

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

Personnel, Operations, Marketing or Sales, Infrastructure

Distribution channels1 record

Marketing channels1 record

Core offering

Meghna Insurance PLC is a First Generation Non-Life Insurance Company in Bangladesh that transacts all classes of non-life insurance business and distribution across the country. The company sells Fire Insurance, Marine Insurance, Motor Insurance, Engineering Insurance, and Miscellaneous Insurance products, alongside Underwriting and Reinsurance Policy services. The company was incorporated in March 18th, 1996 and is publicly listed on the Dhaka Stock Exchange and Chittagong Stock Exchange with an AA Credit Rating.

Product overview

Meghna Insurance PLC offers a portfolio of non-life insurance products designed for businesses and individuals in Bangladesh. The core product lineup consists of five main insurance categories: Fire Insurance for property protection, Marine Insurance for cargo and transit coverage, Motor Insurance for vehicles, Engineering Insurance for projects and machinery, and Miscellaneous Insurance for specialized risks including workers' compensation and liability coverage. The company also provides Underwriting and Reinsurance Policy services as part of its operational offerings. The company has received an AA credit rating indicating strong financial stability.

Differentiator

Problem solved

Functional benefit

Products and services

• Fire Insurance Property insurance coverage protecting against fire, lightning, and related damages to buildings, equipment, and contents for commercial and individual customers.
• Marine Insurance Coverage for goods, cargo, and vessels during transit by sea, air, or land, protecting against loss or damage for importers, exporters, and shippers.
• Motor Insurance Vehicle insurance covering automobiles, commercial vehicles, and fleets against accidents, theft, and third-party liabilities for individual and corporate vehicle owners.
• Engineering Insurance Coverage for construction projects, machinery, and electronic equipment against breakdown, damage, and operational risks for construction firms and industrial operators.
• Miscellaneous Insurance Comprehensive coverage including workers' compensation, public liability, burglary, fidelity guarantee, and other specialized risks for businesses and individuals.
• Underwriting and Reinsurance Policy Risk management services including underwriting guidance and reinsurance arrangements for managing large-scale or complex risks, offered as part of the company's operational capabilities.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record.

• DSE (Dhaka Stock Exchange)OthersListed on Dhaka Stock Exchange for public trading of company shares
• CSE (Chittagong Stock Exchange)OthersListed on Chittagong Stock Exchange for public trading of company shares
• CDBL (Central Depository Bangladesh Limited)OthersCentral depository services for share settlement and registration
• IDRA (Insurance Development and Regulatory Authority)OthersRegulatory oversight and compliance body for insurance sector in Bangladesh
• BSEC (Bangladesh Securities and Exchange Commission)OthersRegulatory body overseeing securities and capital markets including listed companies

Recent moves5 records

Expansion highlights4 records

Direct peers

• Pragati Insurance Limited: Pragati Insurance is a Bangladesh-based non-life insurance company offering a similar portfolio of Fire, Marine, Motor, and Engineering products. It is comparable in scale and customer base to Meghna in the same domestic market.
• Reliance Insurance Limited: Reliance Insurance is a Bangladeshi non-life insurer offering comparable lines including Fire, Marine, Motor, and Engineering insurance. As a publicly listed Bangladeshi non-life carrier, it competes directly with Meghna for similar corporate and retail clients.
• Green Delta Insurance Company Limited: Green Delta Insurance is one of the largest non-life insurance carriers in Bangladesh, listed on DSE/CSE, offering similar commercial and personal lines (Fire, Marine, Motor, Engineering, Miscellaneous). It is the most direct comparable to Meghna in terms of product mix and target market.
• Pioneer Insurance Company Limited: Pioneer Insurance is a Bangladeshi non-life insurance carrier listed on DSE/CSE, offering similar Fire, Marine, Motor, and Engineering coverages. It serves as a direct comparable given similar product portfolio and domestic market focus.
• Phoenix Insurance Company Limited: Phoenix Insurance is a Bangladesh non-life insurance company operating in the same product lines (Fire, Marine, Motor, Engineering) and competing directly with Meghna for similar Bangladeshi customers.
• Karnaphuli Insurance Company Limited: Karnaphuli Insurance is a Bangladeshi non-life insurance carrier offering similar Fire, Marine, Motor, and Engineering products, competing directly with Meghna in the same domestic market.
• Eastern Insurance Company Limited: Eastern Insurance is a Bangladesh non-life insurance carrier listed on DSE/CSE, offering similar product lines and serving the same Bangladeshi commercial and retail market as Meghna.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/meghna-insurance-company-limited

Revenue estimate

Valuation estimate

Number of profiles

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 Meghna Insurance Company Limited