Company Profile

A group of renowned and celebrated entrepreneurs established Pioneer Insurance Company Limited in1996 to carry out non-life insurance business. Since its establishment Pioneer Insurance Company Limited has maintained its presence as the most prominent company launching innovative products and new plans in the non-life insurance industry of Bangladesh. It has recognized itself as one of the most reputed and brightest names in the sector. Continued growth and development have secured Pioneer Insurance Company Limited as one of the “Big Three” non-life Insurers of Bangladesh in terms of gross direct premium and financial base.

Pioneer Insurance Company Limited was sponsored and founded as a publicly traded company having authorized capital of Tk.200 million and paid up capital of Tk 60 million which now stands at Tk 1,000 million and 699.81 million respectively. The Company is enlisted with Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. and has been declaring dividend every year since inception. It has an wide and lively branch network in all major cities and towns of Bangladesh that assures on time service at the customer doorstep. The Company has been assigned “AAA” rating by Alpha Rating, where “AAA” stands for Exceptionally Strong Claims Paying Capacity. Pioneer Insurance Company Limited has always had the advantages of visionary leadership.

Pioneer Insurance Company Ltd. provides its services to prominent national and multinational companies operating in Pharmaceutical, Chemical, Textile, Cement, Services (Tele Communications, Hospitals, and Hotels), Energy, Manufacturing, Engineering, Banking and Financial sectors. The company has a good number of dedicated and highly professional employees supported by qualified, experienced and technically sound executives.

In Brief:

Established 1996
Registered Office Head Office –Rangs Babylonia (5th Floor),
246 Bir Uttam Mir ShawkatSarak, Tejgaon, Dhaka-1208.

Number of Branches


Number of Employees


Authorized Capital

1 (One) Billion / USD 9.20 Million

Paid up Capital

Taka 846.76 Million / USD 7.79 Million

Share Holding Information

Sponsors         45.14%

General Public 29.21%

Institute           25.17 %

                      100.00 %

Credit Rating

“ AAA ”

Founder Chairman

Syed ManjurElahi,Period (25-03-1996 to 27-12-1998)

Current Chairman

Syed Nasim Manzur


Syed Shahriyar Ahsan

Contact us

Tel: 8878901(Hunt.) , Fax:88-02-8878913,8878914