Nitol Insurance PLC. — Company profile

Insurance Carriers · Bangladesh

Last price 58.5 BDT (At close: Oct 29, 2026) · Market cap 2.47B

Latest research: Nitol Insurance financial analysis: combined ratio 72.7% and Tk 121m SBC payable gap flagged by auditor (Oct 2026) · Nitol Insurance: a Tk 705m-premium general insurer with a 72.7% combined ratio and three auditor emphasis paragraphs

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Company profile

Nitol Insurance PLC. provides non-life insurance products and services in Bangladesh. The company offers property insurance, including fire and allied perils, hotel owner’s all risks, property damage all risks, power plant operational package, householders comprehensive insurance products, and industrial all risks insurance, as well as machinery breakdown and business interruption. It also provides motor insurance comprising private vehicle, Nirapod comprehensive private car, commercial vehicle, motor trade, and motor cycle insurance; agro based insurance; and marine insurance, including all types of marine cargo and hull insurance products. In addition, the company offers engineering insurance, including contractor’s all risks; erection all risks; boiler and pressure vessel; machinery breakdown; stock deterioration; life, hoist, and crane; electronic equipment insurance, and contractors plant and machinery insurance products. Further, the company provides miscellaneous insurance products for financial, health, personal accident, and liability, which include cash-in-safe, cash-on-counter, cash-in-transit, safe deposit box, money, health plan insurance contract, Hajj and Umrah, public liability, product liability, burglary and housebreaking, fidelity guarantee, workmen's compensation, all risks, clinical trials and/or human volunteers studies and commercial general liability products. Additionally, it offers overseas mediclaim insurance, consisting of business and holiday, employment and studies, and corporate frequent travel; and agro base insurance services. The company was formerly known as Nitol Insurance Company Limited and changed its name to Nitol Insurance PLC. in December 2025. Nitol Insurance PLC. was incorporated in 1999 and is headquartered in Dhaka, Bangladesh.

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