Zenith Islami Life records 41% premium growth in 2025, claim settlement hits 99.54%

Staff Correspondent: Zenith Islami Life Insurance PLC has recorded a sharp rise in business performance in 2025, highlighting a robust premium base, fast-growing new business and a near-perfect claim settlement record that strengthens confidence in the country’s Shariah-based life insurance sector.

The company said its total premium income reached Tk 46.90 crore in 2025, up from Tk 33.18 crore in 2024, representing 40.72% year-on-year growth. Much of the expansion came from first-year (new) premium income, which climbed 78.23% to Tk 24.10 crore, indicating accelerating customers’ acquisition and improved distribution effectiveness. Including contributions from single-premium policies as well as group and health insurance, Zenith Islami Life recorded a total first-year premium of Tk 28.40 crore, a 75.81% increase from Tk 16.17 crore a year earlier.

Renewal premium income, a key measure of persistence and policyholders’ retention, also moved higher. The insurer said renewal collection rose 7.36% to Tk 18.26 crore in 2025, suggesting stable customer engagement alongside rapid new business growth.

Claim settlement remained a vital performance signal. Zenith Islami Life recorded paying 99.54% of claim lodged during 2025, disbursing Tk 9.68 crore against total claims raised of Tk 9.72 crore. The settlement rate improved from 98.13% in 2024, underlining a continued focus on timely payout. The company also pointed to tighter cost oversight, saying a reduction in overspending against approved management expenses by 0.61 percentage points, while total management expenses stood at Tk 32.18 crore.

Strengthening its longer-term financial base, the insurer said its life fund grew 29.47% in 2025, supported by Tk 7.67 crore added during the year. Total investment increased by Tk 3.20 crore, or 8.61%. Chief Executive Officer (CEO) SM Nuruzzaman said the result reflects strategic planning and a customer-first approach, adding that technology-driven service improvement, product diversification and disciplined expense management will remain central to sustaining transparent, Shariah-compliant safeguard for policyholders.