Green Delta Insurance Company Ltd, one of the leading private non-life insurers, yesterday celebrated its 25th founding anniversary and relaunched its newly designed website.
The company has also designed a couple of events this month for its stakeholders to celebrate the occasion, said Nasir A Choudhury, managing director of the company.
The company, starting operations in 1986 with a paid-up capital of Tk 3 crore, has already invested in different sectors, including housing, life insurance, healthcare and telecom, with equity participation in Delta Brac Housing, Progressive Life Insurance Company, United Hospital, FinExcel and Jalalabad Telecom.
The company collected over Tk 160 crore as premium in 2009, the largest in the sector, comprising close to 15 percent of the market share, said Choudhury at a ceremony at Sonargaon Hotel in Dhaka. “We hope the premium will be over Tk 200 crore in 2010.”
He also pointed out that Green Delta has always prioritised in claim settlement as it has strong capital base worth amounting to over Tk 40 crore.
Green Delta has recently engaged in the capital market with the opening of its subsidiary Green Delta Securities, a share brokerage firm.
The company also floated Green Delta Mutual Fund of Tk 150 crore in 2010.
“We have to initiate mass awareness building campaign as many people have negative concept on insurance business,” said Choudhury.
