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 22 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 29 branches all over Bangladesh
With expected growth in business and increase in geographical coverage / spread of RICL, further branches are in the pipeline.
Marine Cargo Insurance
Marine Hull Insurance
Established in 1954 by Late Hedayet Hossain Chowdhury, Karnaphuli is today one of the most reputed, established and diversified business houses of Bangladesh
Named after the river Karnaphuli on whose banks the port city of Chattogram stands, Karnaphuli holds the unique distinction of being the first company in Bangladesh to achieve ISO 9002 certification