Progressive Life Insurance Co Ltd

Name

Progressive Life Insurance Co Ltd

Website

https://progressivelife.com.bd

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Level Term Life Insurance (FSAIAAAA), Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK)

Keywords

• Life insurance
• Endowment policies
• Insurance products
• Policyholder services
• Insurance underwriting

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Core offering

Progressive Life Insurance Company Limited offers life insurance products and provides customer support services to policyholders. The company, headquartered in Dhaka, Bangladesh, has been operating as a private, for-profit life insurance provider since 2000, serving individuals with insurance protection and related customer service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Insurance Products Life insurance products offered to individual consumers and households in Bangladesh for protection and financial security purposes.
• Customer Support Services Customer support services provided to policyholders of Progressive Life Insurance Co Ltd's life insurance products.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights3 records

Direct peers

• Padma Islami Life Insurance Limited: Bangladesh-based Islami (Shariah-compliant) life insurer; overlaps with Progressive Life Insurance on life product structure and target segments, particularly for faith-aligned customers.
• Sonali Life Insurance Company Limited: Dhaka-headquartered life insurer offering standard individual and group life products; a direct domestic competitor serving the same Bangladeshi customer base as Progressive Life Insurance.
• Pragati Life Insurance Limited: Bangladeshi listed life insurer focusing on microinsurance and traditional life products; comparable to Progressive Life Insurance in terms of local market focus and reliance on tied-agent distribution.
• Popular Life Insurance Company Limited: Bangladeshi life insurance carrier with a similar product portfolio (endowment, term, group life); directly competes with Progressive Life Insurance in the local market.
• Far East Islami Life Insurance Company Limited: Local Bangladeshi life carrier offering Shariah-compliant and conventional life products; directly comparable in product mix, scale, and Bangladeshi distribution model.
• Meghna Life Insurance Company Limited: Another Dhaka-based life insurer offering individual and group life and health-related riders; overlaps directly with Progressive Life Insurance on product mix and customer segments in Bangladesh.
• National Life Insurance Company Limited: Publicly listed Bangladeshi life insurer with a broad range of endowment, term, and group life products; competes head-to-head with Progressive Life Insurance for individual and corporate policyholders in Bangladesh.
• Delta Life Insurance Company Limited: Bangladesh-based life insurance carrier offering a comparable portfolio of individual and group life products; directly competes with Progressive Life Insurance in the same local market with similar product breadth and agent-driven distribution.

Broad incumbents

• MetLife Bangladesh: Subsidiary of global insurer MetLife operating in Bangladesh; competes with Progressive Life Insurance on individual life and group products but with far greater brand recognition, capital base, and product breadth.
• AIA Bangladesh: Bangladeshi arm of pan-Asian life insurer AIA; offers individual and group life and health products domestically and competes for the same upper-middle-class and corporate clients as Progressive Life Insurance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/progressive-life-insurance-co-ltd

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 Progressive Life Insurance Co Ltd