Sunlife Insurance Company Limited

Sunlife Insurance Company Limited (SLICL) is a third-generation life insurance company in Bangladesh, incorporated on March 1, 2000, under the Companies Act, 1994. With a paid-up capital of Tk. 350 million and authorized capital of Tk. 500 million, the company is sponsored by a group of renowned business personalities engaged in various industries such as aluminum extrusion, food and beverages, electrical products, brokerage houses, oil refineries, banks, and real estate. The company went public through an IPO on October 1, 2012, with a significant over-subscription of 65 times, reflecting strong investor confidence. SLICL offers both conventional and Islamic life insurance policies, covering a wide range of products. It focuses on micro-insurance projects for lower-income individuals, including Ganamukhi Bima, Lokomukhi Bima, and Islami A’saan Bima. Additionally, projects like Ekok, Islami Ekok (Takaful), and Islami Adarsha target the urban high-end market. SLICL also has a group project catering to universities, NGOs, and MNOs. The company's commitment to quality service is evident through its decentralized service centers and district offices, totaling around 80 and 700, respectively, with a workforce of 1100 salaried office staff and 12000 commission agents. SLICL focuses on prompt services, issuing policy documents, and ensuring timely payment of death and maturity claims. With 365,577 policyholders as of 2018, the company keeps policyholders updated online about their policy information. Sunlife Insurance Company Limited places a strong emphasis on professional training for its employees to enhance performance and provide quality service. The company envisions achieving a remarkable position in the insurance business, both domestically and internationally, with confidence from its stakeholders. The ongoing construction of the 20-storied Sunlife Tower at Mohakhali further underscores the company's growth and commitment to the industry.