History of Razi Insurance Company

Razi Insurance Company Based on the Law of the Establishment of Non-Governmental Insurance Institutions, approved by the Islamic Consultative Assembly on August 28, 2001, and License No. 5194 dated 18/05/2003 of the Central Bank of the Islamic Republic of Iran, aimed at developing the insurance culture, promoting the quality of insurance services and expanding the competitive environment in the industry,  started its activities as the first private insurance company in Iran since the beginning of 2003 with a capital of 140,000 million Rials, which in the year 2014 and after the last time of capital increase, this amount has reached 2,000 billion Rials. In the year 2013, the stockholders’ composition changed and at the moment a set of natural and legal persons are operating as a shareholder of Razi Insurance Company (Public Company).