Pragati Life Insurance Limited was established on January 30, 2000 as a public limited company under the Companies Act, 1994 with the philosophy of maintaining competitiveness, balanced with prudent management and fairness to all policyholders. The company obtained registration from the Department of Insurance on April 11, 2000 under the Insurance Act, 1938 to carry out insurance business. The Company started with a paid up capital of Tk. 1000 million against an authorized capital of Tk. 250 million. Now the present paid up capital stands to Tk. 307.03 million. Pragati Life has been sponsored by some renowned business entrepreneurs of the country linked with different industrial groups. went for public issue in 2005 and are listed in both Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited.