The Government of Bangladesh has appointed new leadership for the country’s life insurance sector, signalling a fresh direction for one of its oldest financial institutions. Mohammad Ziaul Haque, who previously served as Additional Secretary in the Ministry of Power, Energy and Mineral Resources, has been appointed Managing Director (MD) of the Life Insurance Corporation of Bangladesh (LICB). Simultaneously, his service has been assigned to the Financial Institutions Division.
The Ministry of Public Administration issued an official notification on Wednesday, 7 January, confirming the appointment. The notification stipulates that Mr Haque, in his new capacity, will oversee the overall administration, policy formulation, and operational management of the corporation.
The Life Insurance Corporation of Bangladesh is among the country’s most significant and historic insurance institutions. It provides life insurance services to a broad spectrum of the population and plays a pivotal role in maintaining stability and security within the national financial sector. LICB operates across both rural and urban regions, with a growing number of policyholders contributing to the expansion of the sector.
With extensive experience in public service, Mr Haque is expected to inject greater efficiency and dynamism into the corporation’s operations. During his tenure in the Ministry of Power, Energy and Mineral Resources, he demonstrated significant expertise in policy development and administrative management—skills that are anticipated to benefit LICB’s strategic growth.
Under his leadership, the structure and responsibilities of LICB’s key divisions are outlined as follows:
| Division | Primary Responsibilities | Goals and Objectives |
|---|---|---|
| Administrative Division | Oversight of daily corporate operations | Ensure transparency and prompt service delivery |
| Financial Division | Management of investments and funds | Secure safe and profitable investment strategies |
| Customer Service Division | Handling client requests and grievances | Enhance customer satisfaction |
| Policy & Planning Division | Formulation of policies and future planning | Promote long-term development and financial stability |
The corporation anticipates that, under Mr Haque’s stewardship, LICB will emerge as a stronger, more progressive institution, enhancing both public trust and the stability of Bangladesh’s financial sector. Government sources indicate that his appointment is expected to bring new strategic direction to the life insurance sector, fostering growth, efficiency, and long-term sustainability.