According to the Insurance Development and Regulatory Authority (Idra)’s September 2025 quarterly report, the life funds of at least seven life insurance companies have fallen to zero or gone negative. Protective Islamic Life Insurance and Jamuna Life Insurance also have negative life funds. Idra data shows that by September, total life insurance claims stood at Tk5,986 crore, of which Tk3,880.58 crore remained unsettled. Sunflower Life Insurance, Progressive Life Insurance, and even the state-owned Life Insurance Corporation also have large volumes of unpaid claims. Idra data shows Progressive Life has Tk153 crore in expired claims against a life fund of only Tk79 crore.

Source: Dhaka Tribune January 21, 2026 16:34 UTC