Sonali Life Insurance PLC
DDSE:SONALILIFE108.00
BDT
+1.60
(+1.50%)
Sonali Life Insurance PLC
DSE:SONALILIFE
(Dhaka Stock Exchange)
Recent
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108.00
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- Business
- Sonali Life Insurance PLC is a Bangladesh-based life insurance and takaful provider engaged in the underwriting, distribution, and administration of individual, group, and Islamic life insurance products across Bangladesh. The company offers a comprehensive range of insurance solutions categorized into individual life insurance products, including ordinary endowment assurance, multi-stage anticipated endowment plans, child protection and education schemes, retirement and pension plans, single-premium endowment policies, and term assurance; Islamic takaful solutions, including Islami DPS schemes, Hajj insurance plans, Mohorana takaful schemes, and Shariah-compliant endowment policies; supplementary riders, including accidental death benefits, permanent total disability coverage, major disease and critical illness protection, and hospitalization cash benefits; and corporate and group insurance products, including group life assurance, group term cover, corporate hospitalization plans, and micro-insurance schemes designed for low-income and rural populations. Sonali Life Insurance PLC distributes its products through a nationwide network of branches and agency forces, supported by a fully digital enterprise resource planning infrastructure that facilitates paperless policy management, mobile policyholder applications, automated underwriting, electronic premium collection via commercial banking and mobile financial service gateways, and expedited claims settlement. Founded in 2013 and headquartered in Dhaka, Bangladesh, the company has recently implemented significant operational and institutional changes, including comprehensive corporate governance reforms and administrative restructuring overseen by the Insurance Development and Regulatory Authority, the modernization of its digital insurance portal and core operational systems, expanded financial technology partnerships for automated premium processing, and the strategic rollout of targeted micro-takaful and specialized health insurance products.