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Sonali Life Insurance Company Limited (Dhaka) (Bangladesh)

Main Activities: Direct Life Insurance Carriers
Full name: Sonali Life Insurance Company Limited Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The company is engaged in the ordinary life insurance, pension and group insurance business.
The Company incorporated as public company in 07 July 2013
The company was granted Certificate from RJSC of Commencement of Business on 7th July 2013 for life insurance business
The Company obtained the Certificate of Registration from the Insurance Development and Regulatory Authority (IDRA) on July 30, 2013 under Insurance Act 2010
The Company was listed on Dhaka stock exchange on 23 June 2021 under code SONALILIFE and Chittagong on June 27, 2021.
The Company s vision:
To be the premier provider of income solutions, investments and protection plans for the betterment of our citizens.
The Company s mission:
To be the most trusted life insurance company by securing the Financial Future of our customers

Headquarters
68/B D.I.T. Road, Malibagh Chowdhury Para
Dhaka; Dhaka; Postal Code: 1219

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Website: http://www.sonalilife.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2013
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Vice Chairman
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Director/Member of the Board
Ownership Details
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45.1%
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9.08%
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6.3%
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3.5%
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3.1%
Subsidiaries
Dragon Sweater And Spinning Limited
0.33%
Company Performance
Financial values in the chart are available after Sonali Life Insurance Company Limited (Dhaka) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net insurance premium revenue
44.28%
Operating profit (EBIT)
51.95%
Net Profit (Loss) for the Period
51.95%
Total assets
72.49%
Investments
130.8%
Total equity
0%
Net Premiums Earned Trend
-50.96%
Net Profit Trend
-97.43%
Return on Equity (ROE)
190.72%
Loss Ratio
-1.63%
Underwriting Expenses Ratio
-2.55%

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