Republic Insurance Company Limited (RICL), a licensed general insurance company, was set up by the Chairman of Karnaphuli Group as the lead Sponsor in June 2000.
Republic is now a listed company in Dhaka Stock Exchange after a successful public floatation in which the shares were oversubscribed twenty two times, a reflection of its high standing and ranking among the company invested.
RICL is engaged in various general insurance business covering Marine, Hull, Fire, Theft, Riot, Motor, Cyclone, Flood etc.
It currently has 13 (thirteen) branches within Dhaka City and the following branch offices outside Dhaka:
- Chittagong (2 branches),
- Sathkhira, and
With expected growth in business and increase in geographical coverage/spread of RICL, further branches are in the pipeline.