Sandhani Life Insurance Company Limited (Bangladesh)

Sandhani Life Insurance Company Limited (SLIC) is a leading life insurance company in Bangladesh. It was incorporated on January 23, 1990, and obtained a certificate for the commencement of business on March 28, 1990. SLIC has a strong focus on building a genial and realistic relationship with its clients, considering them the spirit of their business. As of December 31, 2014, SLIC had 9.09 lac policyholders under its coverage. SLIC provides life insurance coverage not only in remote areas but also to all people in the country. Their core business activities include micro insurance for the poor, ordinary life policies for the general population, group insurance for corporate clients, education policies for students, and Hajj policies for religious individuals, among others. The company aims to be a competent service provider by maintaining quality and maximizing return on investment to increase its growth rate. SLIC is known for its corporate practice, diversified business profile, and fostering entrepreneurship. SLIC has commitments to various stakeholders. They aim to build a safe and sound prospect for every individual, society, and community. They seek to build a strong relationship with policyholders by providing qualitative service. SLIC also focuses on enhancing employee skills and efficiency through professional training and a highly motivated remuneration package. They aim to satisfy shareholders by achieving consistent operating performance and disclosing transparent financial information. Additionally, SLIC maintains excellent relationships with its business partners and fulfills its responsibilities to the community through philanthropic activities. The vision and mission of Sandhani Life Insurance Company Limited are to ensure social and family protection through life insurance policies for all families in Bangladesh. They strive to provide the highest possible services to shareholders and policyholders with modern technology and dedicated professionalism. SLIC aims to settle and handover insurance claims to policyholders or their nominees within the quickest possible time. They also aim to provide the highest dividends and bonuses to shareholders and policyholders, respectively, and increase assets, investments, and life funds with modern technology and efficient management. To achieve its long-term goals, SLIC has set strategic objectives, including prompt claim settlement, improving staff-client relationships, enhancing employee skills and efficiency, maximizing shareholders' wealth, maintaining social commitment, and establishing corporate governance. The company is committed to ethical principles, including integrity and honesty, objectivity, accuracy and timeliness, performance with due care, safety and confidentiality, respect and trustworthiness, and accountability and transparency. SLIC was registered with the Controller of Insurance on April 25, 1990, and listed with the Dhaka Stock Exchange on April 6, 1996. It has 12 directors.