Based on an official announcement by The Daily Star.
Labaid InsureTech Company Limited launched a digital insurance platform designed to expand access to insurance services across Bangladesh. The platform debuted at a soft launch event in Dhaka on 15 April 2026, with Sakif Shamim, managing director of Labaid InsureTech, and senior officials from Labaid Group in attendance.
The company operates within Bangladesh's growing insurtech sector, partnering with major insurers including Pragati Insurance, Chartered Life Insurance, Meghna Life Insurance, Micromaster Insurance Belgium, and Shanta Life Insurance. Labaid InsureTech aims to simplify and digitise the insurance experience through technology-driven solutions.
The app delivers health, life, motor, travel, pet, crop, device, and property insurance products, featuring online claim submission, real-time tracking, e-KYC verification, cashless treatment, doctor support, and AI-based customer service. The company settles certain claims within one to three working days. Sharif Mohammad Abid serves as CEO of Labaid InsureTech.
Source: The Daily Star (https://www.thedailystar.net/business/organisation-news/press-releases/news/labaid-launches-digital-insurtech-platform-4152681)
