Provati Insurance Company Limited

Provati Insurance Company Limited commenced its business operations in 1996 under the leadership of founder Chairman Alhaj Moksud Ali, who also chaired the Bhaiya Group of Industries. The Bhaiya Group includes Nabisco Biscuit & Bread Factory, Dhaka Match Factory, Sattar Match Factory, Hamidia Oil Mills, and Pacific Consumer Goods. With 59 branches nationwide, Provati Insurance is a well-established and respected company providing employment opportunities across the country. The company issues insurance policies through computerized mechanisms in most branches. It achieved ISO 9001:2015 certification in 2008, being the first non-life insurance company to receive this certification. The IPO in 2009 was oversubscribed manifold, and the company holds a "AAA" rating, guided by experienced and efficient management. Provati Insurance is a member of various industry associations and chambers, including Bangladesh Insurance Association, Bangladesh Insurance Forum, Dhaka Chamber of Commerce & Industry, and Dutch-Bangla Chamber of Commerce & Industry. In addition to its business activities, Provati Insurance Company Limited is committed to Corporate Social Responsibility (CSR). The company extends support to victims of natural disasters like cyclones and floods, as well as human disasters such as the Rana Plaza Collapse. Provati Insurance also sponsors recreational and sports events, exemplified by its support for the Comilla Cantonment Golf Tournament.