Sikder Insurance Company Limited has invested most of its assets in the capital market, parking funds in a single stock of scandal-ridden National Bank Ltd (NBL), in a corporate wrongdoing influenced by family ties.
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About 45 per cent of life insurance policyholders in Bangladesh don’t pay premiums after the first year owing to a number of factors, including purchasing of higher value plans compared to their affordability and agents’ tendency to not provide all key information to potential customers, said the top regulator.