Sunlife Insurance Co. Ltd.
DDSE:SUNLIFEINS51.10
BDT
+1.90
(+3.86%)
ISIN
BD0746SLIC00
Return %
Stock
S&P 500
1Y
5.36
14.20
3Y
-3.40
81.12
5Y
40.38
68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Piplu Biswas
- Full Time Employees
- 113
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Oct 3, 2012
- Website
- sunlife.com.bd
- Similar Companies
- Business
- Sunlife Insurance Company Limited is a Bangladesh-based life insurance and financial services provider engaged in underwriting individual, group, and Islamic Shariah-compliant life insurance policies. Founded on March 1, 2000, and headquartered in Dhaka, Bangladesh, the company serves retail, micro-insurance, and corporate client segments across the country. Sunlife Insurance provides a structured portfolio of products and solutions, which includes conventional endowment assurance and single-premium endowment plans; deposit pension scheme (DPS) insurance; child protection and education assurance policies; pension bima; three-payment and biennial anticipated endowment plans; specialized Islamic micro-insurance and Takaful schemes such as Islamic Asaan Bima, Ganamukhi Bima, Lokomukhi Bima, Denmohor Bima, and Hajj Bima; group term life and group accidental insurance; group hospitalization and medical benefit covers; and supplementary riders providing financial protection against critical illness, accidental death, and permanent total or partial disability. In recent corporate developments, Sunlife Insurance underwent a major ownership transfer and management reorganization when non-life insurer Green Delta Insurance PLC and its affiliated institutional entities acquired an aggregate 43% equity stake from sponsor-directors via block market transactions on the Dhaka Stock Exchange (DSE), following regulatory clearances from the Insurance Development and Regulatory Authority (IDRA) and the Bangladesh Securities and Exchange Commission (BSEC). The transaction resulted in the reconstitution of the company's board of directors, enhanced regulatory compliance monitoring to address policyholder claim settlement obligations, and ongoing operational realignments aimed at addressing balance-sheet deficits and reinforcing financial solvency.