Bangladesh National Insurance Co. Ltd. (BNIC) is one of the leading general insurance company in Bangladesh. The Company was incorporated on April 8, 1996 as public limited company under the companies act 1994 and licensed under Insurance Act, 1938 in order to run all types of general insurance business other than life insurance business. It obtained certificate of commencement of business on April 8, 1996 with an authorized and paid up capital of capital of Tk. 250 million and Tk. 60 million respectively. It got registered with the Department of Insurance on 25 May 1996 with the prime maxim “A key to Protection”