Examining the Operations of Life Insurance Companies of Bangladesh from Ethical Perspective

This paper examines ethics in the insurance industry in Bangladesh and provides some policy measures for future development. Although insurance business is an integral part of the financial system of Bangladesh since nation’s birth, this sector still does not catch much attraction of the policyholders. Insurance industry itself is a major catalyst for ethical dilemma and here with a half century old law and in new competitive work pressure insurance companies may involve in unfair means and seek more profit via any means. In the current situation people may not consider insurance as viable option and this ethical environment here play a great role. So some recommendations for both regulatory authority and insurance companies are provided for ensuring an ethical environment and thus attract more customers in an attainable way in this sector.