Insurance Job Grading Structure in Bangladesh

The unified job grading structure has been introduced across the insurance sector of Bangladesh, covering both private general insurance and life insurance companies. In the past, designations and ranks varied among companies, but the new framework aims to establish a standardized and harmonized system of job titles and grades.

As part of the broader Bangladesh Civil Service Rank Order, the government, through the Insurance Development and Regulatory Authority (IDRA), has mandated a uniform organizational hierarchy for the insurance sector.

The structure consists of a total of 20 grades:

• 14 management grades
• 6 non-management/support grades

Each grade specifies both Bengali and English titles, along with an equivalence crosswalk to map existing variations in designations, in the original IDRA circular. This system is expected to reduce confusion over titles and mitigate the problem of title inflation.

Features

• Unified ladder: From Grade–1 (Chief Executive Officer) to Grade–20 (Office Assistant/Computer Operator), creating a continuous career ladder.
• Separate tracks: Clear differentiation between management and support positions helps streamline recruitment, promotion, training, and salary benefits.
• Equivalence mapping: For example, EVP = Executive Director, SVP = Senior General Manager. This aligns diverse designations previously used across companies into a single standard.

Grades at a glance

Unified Job Grading Structure in Bangladesh Insurance Industry

Grade	English Title	Equivalence/Remarks
1	Chief Executive Officer	–
2	Additional Managing Director	–
3	Deputy Managing Director	–
4	Assistant Managing Director	–
5	Senior Executive Vice President	Senior Executive Director
6	Executive Vice President	Executive Director
7	Senior Vice President	Senior General Manager
8	Vice President	General Manager
9	Deputy Vice President	Deputy General Manager
10	Assistant Vice President	Assistant General Manager
11	Senior Manager	–
12	Manager	–
13	Deputy Manager	–
14	Assistant Manager	–
15	Senior Executive Officer	–
16	Executive Officer	–
17	Senior Officer	–
18	Officer (Trainee)	–
19	Junior Officer	–
20	Office Assistant/Computer Operator etc.	Support Staff

External links

• Insurance Development and Regulatory Authority of Bangladesh (IDRA)