M Shamsul Alam, ACII (UK), Chartered Insurer, former chairman of Shadharan Bima Corporation (1973-'86) and Jibon Bima Corporation (1986-'87) has died on Wednesday at the age of 83.
He was the former chairman of Asian Reinsurance Corporation, Bangkok; founder managing director of Reliance Insurance Ltd; and founder president of Baridhara Cosmopolitan Club Ltd.
Born in Madpur of Pabna, Shamsul Alam joined the then Pakistan Insurance Corporation in 1960 after completing MA. He was one of the major figures in shaping the insurance sector since inception of Bangladesh.
In recognition of his outstanding contribution to the insurance sector of the country, Shamsul Alam was awarded the Bima Padak by the Prime Minister Sheikh Hasina on 1st March 2020.
Thousands of well-wishers, friends and family members are mourning his death.
His family members solicit your prayers for his eternal peace in heaven.