Sunday, 5th April 2026
Khabor Wala Desk
Published: 8th January 2026, 7:38 AM
The Government of Bangladesh has appointed a new leader to steer the country’s life insurance sector, signalling a fresh strategic direction aimed at enhancing financial sector stability and improving service delivery. Mohammad Ziaul Haque, who previously served as the Senior Secretary in the Ministry of Power, Energy and Mineral Resources, has been appointed as the new Managing Director (MD) of the Life Insurance Corporation of Bangladesh (LICB). Along with this appointment, his office has been transferred under the Financial Institutions Division, reflecting the increasing integration of life insurance oversight within the broader financial framework.
The official notification of his appointment was issued on Monday, 7 January, by the Cabinet Division. According to the notification, Mr Haque will be responsible for the overall administration, policy formulation, and operational management of LICB, one of Bangladesh’s oldest and largest life insurance institutions. The corporation plays a vital role in public service delivery and in maintaining financial sector stability. LICB operates across urban and rural areas and continues to expand its policyholder base, contributing significantly to the growth of Bangladesh’s life insurance industry.
With his extensive experience in government service, Mr Haque is expected to bring enhanced efficiency, strategic vision, and dynamism to LICB. During his tenure at the Ministry of Power, Energy and Mineral Resources, he demonstrated considerable expertise in policy development and administrative management, skills that are anticipated to support LICB’s long-term strategic growth and operational excellence.
The table below outlines LICB’s main divisions and their core responsibilities:
| Division | Core Responsibility | Objectives & Goals |
|---|---|---|
| Administrative Division | Oversight of day-to-day administrative operations | Ensure transparency and timely service delivery |
| Finance Division | Management of investments and funds | Safeguard secure and profitable investment practices |
| Customer Service Division | Handling customer requests and complaints | Enhance customer satisfaction and trust |
| Policy & Planning Division | Policy formulation and long-term strategic planning | Promote sustainable development and financial stability |
According to government sources, under Mr Haque’s leadership, LICB is expected to emerge as a stronger and more progressive institution, reinforcing public confidence and contributing to the stability of Bangladesh’s financial sector. The new strategic direction will play a crucial role in enhancing operational efficiency, supporting industry growth, and ensuring the long-term sustainability of the life insurance sector in the country.
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