Zenith Islami Life Records Robust Growth

Zenith Islami Life Insurance PLC, one of Bangladesh’s fastest-growing Shariah-compliant life insurers, delivered a notably strong financial and operational performance in 2025, marked by sharp growth in premium income, near-perfect claims settlement, and steady expansion of its life fund and investment portfolio. The results underline the company’s strengthening market position and growing customer confidence within the Islamic life insurance sector.

During the year, Zenith Islami Life generated total premium income of Tk 469 million, compared with Tk 331.8 million in 2024, reflecting a year-on-year growth of 40.72 per cent. This substantial increase highlights the company’s ability to attract new policyholders while maintaining loyalty among existing customers, despite a competitive insurance environment.

New business proved to be the principal driver of growth. First-year premium income rose to Tk 241 million in 2025, representing an impressive 78.23 per cent increase over the previous year. The performance was supported by effective customer acquisition strategies, expansion of the sales network, and diversification of insurance products aligned with Shariah principles.

The company also achieved encouraging expansion across single, group, and health insurance segments. Premium income from single policies amounted to Tk 23 million, while group and health insurance together contributed Tk 20.3 million. As a result, total first-year premium income reached Tk 284 million in 2025, up from Tk 161.7 million in 2024—an increase of 75.81 per cent.

Renewal premiums demonstrated stable and sustainable progress. In 2025, Zenith Islami Life collected Tk 182.6 million in renewal premiums, a growth of 7.36 per cent year on year. This steady rise reflects strong policy retention, customer satisfaction, and confidence in the company’s service standards.

Operational discipline remained a key focus. Total management expenses stood at Tk 321.8 million, and the company succeeded in reducing excess expenditure over approved limits by 0.61 per cent, signalling improved cost efficiency and financial governance.

Zenith Islami Life also set a benchmark in claims settlement. Of total claims amounting to Tk 97.2 million in 2025, the company paid Tk 96.8 million, achieving a claims settlement ratio of 99.54 per cent. This represents an improvement of 1.41 percentage points over the 98.13 per cent settlement rate recorded in 2024, reinforcing the insurer’s commitment to prompt and fair customer service.

The life fund recorded robust growth of 29.47 per cent, with Tk 76.7 million added during the year, enhancing long-term financial security for policyholders. Investment activities also showed positive momentum, as total investments increased by Tk 32 million, reflecting an 8.61 per cent rise driven by prudent and Shariah-compliant financial planning.

According to Chief Executive Officer S M Nuruzzaman, the company’s performance in 2025 is a direct outcome of long-term strategic planning, skilled human resources, and a customer-centric business approach. He emphasised that Zenith Islami Life’s objective extends beyond premium growth to ensuring ethical, transparent, and Shariah-based insurance solutions. He further noted that nearly all claims were settled during the year, demonstrating the company’s unwavering priority on customer trust.

Mr Nuruzzaman added that teachers, students, and guardians from eight public and private universities are now covered under the company’s group insurance schemes, made possible through fast and reliable customer service. He reaffirmed Zenith Islami Life’s commitment to sustainable growth, ethical insurance practices, and a leadership role in Bangladesh’s Islamic life insurance industry.

Key Performance Indicators of Zenith Islami Life Insurance PLC (2024–2025)

*Approximate figures inferred from reported growth rates.