Sunlife Insurance Company Limited (Bangladesh)

Sunlife Insurance Company Limited (SLICL) is a third-generation life insurance company located in Dhaka, Bangladesh. It was incorporated on March 1, 2000, under the Companies Act, 1994, as a Public Limited Company. The company's founder Chairman, Late Mr. Col. A. Maleque (PSC), had a vision of providing life insurance and generating employment opportunities for people. SLICL started its business with a paid-up capital of Tk. 30 million and is sponsored by a group of renowned business personalities involved in various industries such as Aluminium extrusion, Food and Beverages, Electrical products, Brokerage house, Oil refinery, Banks, and Real estate. In 2012, the company went into an Initial Public Offer (IPO) and received a huge over-subscription of BDT 7700 million against the share money of Taka 120 million. Currently, Sunlife has a paid-up capital of Tk. 350 million and authorized capital of Tk. 500 million. The company offers both conventional life policies and Islamic Life policies, including micro-insurance policies for lower-income individuals such as peasants, small shopkeepers, fishermen, weavers, and more. SLICL has several micro-insurance projects in operation, including Ganamukhi Bima, Lokomukhi Bima, and Islami A'saan Bima, which contribute significant premium income and life fund to the company. Additionally, there are projects focusing on traditional and individual products, as well as group projects targeting universities, NGOs, and MNOs. The company aims to provide quality service to its customers and has decentralized service centers and district and agency offices throughout the country. It employs 1100 salaried office staff and 12000 commission agents. As of 2018, Sunlife had 365,577 policyholders. SLICL emphasizes professional training for its employees to ensure better performance and service to customers. The company's mission is to provide unequal service, protect policyholders' interests, and contribute to the economic stabilization of the company. Its vision is to be a leading life insurance company with a focus on corporate social responsibility and upholding the policyholders' life risks.