Sunlife Insurance Company Ltd.

Sunlife Insurance Company Ltd. Analysis

Sunlife Insurance Company Limited (SLICL) is a third generation life insurance company in Bangladesh, incorporated in 2000 with a paid up capital of Tk. 30 million. The company went public in 2012, attracting BDT 7700 million in subscription against the share money of Taka 120 million, signaling 65 times over subscription. This overwhelming response demonstrated the investors' unwavering confidence in Sunlife.

With a paid up capital of Tk. 350 million and authorized capital of Tk. 500 million, the company holds a life fund of BDT 3036 million and owns various land and building properties. Notably, Sunlife is constructing a 20 storied Sunlife tower in Mohakhali, one of Dhaka's prestigious commercial areas, showcasing its commitment to growth and expansion.

In terms of insurance products, SLICL offers both conventional and Islamic life policies, catering to a wide range of customers. Interestingly, the company has taken a proactive approach in targeting lower income individuals by offering micro insurance life policies for various professions, including peasants, small shopkeepers, fishermen, weavers, ironsmiths, carpenters, bricklayers, boatmen, and rickshaw pullers.

Overall, Sunlife Insurance Company Ltd. has established itself as a prominent player in the Bangladeshi insurance industry, positioning itself for continued growth and success.