Photo by Vlad Deep for Unsplash

Bangladesh introduces new mortality and morbidity indices to life insurers

The new tables will take effect this 1 January 2024

The Bangladesh Insurance Development and Regulatory Authority (IDRA) told the country’s life insurers to update their mortality and morbidity tables starting next year.

In the Circular released on their website, companies will use the “Bangladesh Assured Lives Mortality Table (2015-2018)” and the “Bangladesh Morbidity Table (2015-2018)” for “the purpose of formulation of insurance schemes, valuation and calculation of reserves, and other purposes related to insurance” starting 1 January 2024.

The World Bank-funded Bangladesh Insurance Sector Development Project prepared these new tables under IDRA’s supervision. 

They can still use the mortality table with data from 1949 to 1952. However, it will last until 31 December 2023. Afterwards, insurers will not use the data table without IDRA’s approval.

The circular also stated that the actuaries should adjust their rates based on the new tables, but they must mention the rationale for the adjustment in their notes.

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Capital pressures linger as insurers adopt new accounting rule in South Korea
IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.
Cover Genius redefines insurance with embedded protection technology
The insurtech eyes expansion in Asia, leveraging on the symbiotic relationship of digital and traditional insurance to tailor policies for diverse markets.