Sunlife Insurance Company Ltd.

Sunlife Insurance Company Limited (SLICL), a third generation life insurance company in Bangladesh, was incorporated on March 1, 2000 under the Companies Act, 1994 as a Public Limited Company to carry out life insurance business in Bangladesh. It obtained certificate for commencement of business on the same day. SLICL started its business with a paid up capital of Tk. 30 million against an authorized capital of Tk. 200 Million. SLICL is sponsored by a group of renowned business personalities of the country involved with various businesses such as Aluminium extrusion, Food and Beverages, Electrical products, Brokerage house, Oil refinery, Banks, Real estate’s etc. The company went into IPO (Initial Public Offer) on 1st October, 2012 . BDT 7700 million was deposited as subscription by the respected Investors and Shareholders against the share money of Taka 120 million only, i.e., 65 times over subscription. This huge over subscription was due to unbounded belief of the investors in our company. Sunlife is now running with a paid up capital of Tk. 350 million and authorized capital of Tk. 500 million divided into 50 million shares @ Tk. 10 each. In 2018 the company had life fund of BDT 3036 million. The company owns a number of land and building properties in different important cities of the country. Currently 20 storied Sunlife tower is being constructed at Mohakhali, one of the prestigious commercial areas of Dhaka, Bangladesh. SLICL offers both conventional life policies and Islamic Life policies covering a wide range of popular and attractive products. Considering the large number of lower income people in Bangladesh, the company started marketing of micro insurance (monthly premium paying) life policies for peasants, small shopkeepers, fishermen, weavers, ironsmiths, carpenters, bricklayers, boatmen, rickshaw pullers, and so on.