Shandhani Life Insurance Co.Ltd

Privileges :


These forms of insurance are the essential means of money accumulation or investment forms purchased by payments of equal yearly, half-yearly or quarterly premiums paid only for a limited period of years, such as ten, fifteen, twenty, twenty-five, thirty years and so on, according to the period selected. The policy provides for payment of the face amount (sum assured) of insurance plus accrued bonus to the policy-owner at the expiry of the endowment period. Death at any time before the expiration of the endowment period terminates the payment of premiums, and the face amount (sum assured) of insurance, thereupon becomes due and payable to the nominee or nominees designated by the policy-owner.


Higher education support plan


In the modern society, most of the parents expects that let their children be highly qualified and become renowned. But our countries public universities cannot fulfill their specific expectation of our children’s parents because of limited scope (seats) for the students. For example, in the University of Dhaka 20/25 deserving students have to contest for a seat to be admitted. However, private universities in a larger sense take the drive to eliminate rush in higher education, although it is very much expensive. But parents of mediocre families cannot afford such huge expense. In solving these burning questions Sandhani Life Insurance Company Ltd. of Bangladesh step forward to broaden scopes of higher education with provision of giving loan to the students who can have the chance to build up their bright future career


Rules and regulations to have facility


Established private universities in our country maintain much contribution in higher education. Sandhani Life Insurance Company Ltd. have an agreement (M.O.U) with some private universities on higher education support plan. The students of that University can have the chance to buy an insurance policy on higher education support plan.



Before taking facility on this scheme the student (himself/herself) or father or mother (in absence of father) will have to buy an insurance policy. The premium payer may be the student (himself/herself) or parents.



A student under this insurance plan can have loan of Taka 10000 (min) and 300000 (max)



Money (taken as loan) will have to refunded with 12% service charge which will be adjusted from the insurance policy at the end of the term. If anybody (after completion of education) wants to refund his/her loan at a time, he/she can do that provided service charge for the specific period will have to be paid.



Prior to take loan, two persons (either relatives or renowned personality) as guarantor will have to produce an undertaking on judicial stamp of Tk 150/-



The loanee must keep a bank cheque of taka equivalent to loan money as deposit in this company and the same will be refunded after loan adjustment. If the insured dies within the policy term, all future premium dues will be waived and the loan taken by the insured will be considered as refunded.







About us: SLIC is one of the leading Life Insurance Company in Bangladesh since 1990.
Clients are the spirit of our business, so we build a genial & realistic relationship with clients.
SLIC enlarge its network by establishing agency offices. As a result in 31st December 2010 8.61 lac Policyholder is now under the shade of Sandhani.
SLIC provide Life Insurance coverage in the remote area as well as within all the people of the country.
The core business activities of SLIC covers Micro Insurance for the Poor People, Ordinary Life Policy for the General, Group Insurance for the Corporate, Education Policy for the Students, Hajj Policy for the Religious People and so on.
To be a competent service provider, SLIC maintain the quality, also increasing the growth rate by maximizing the Return on Investment.
As a whole SLIC is a complete package with corporate practice, diversified business profile and foster entrepreneurship.









Our Commitments:



To build a safe and sound prospect for every Individual, Society and Community.
Policyholder: SLIC seeks to build an ever relationship with the policyholder by providing a qualitative service.
Employees: SLIC seeks to enhance employees skill, efficiency and make them more innovative and dedicative by providing effective professional training and a highly motivated remuneration package.
Shareholders: SLIC seeks to satisfy the shareholders by achieving consistent operating performance and by disclosing transparent financial information.
Business Partners: SLIC seeks to maintain excellent relationship with its business partners. Community: SLIC seeks to live up its responsibilities to the community by providing various types of Philanthropic activities to play a supportive role to protect our social, cultural, environmental, economical and national interest.










Sandhani Life's Vision & Mission:
1. To ensure social & family protection through Life Insurance Policy of all families of Bangladesh. 2. To ensure highest possible services to Shareholders & Policyholders of the company with modern technology & dedicated professionalism. 3. To settle & handover insurance claims to the doorstep of policyholders or their nominees within quickest possible time. 4. To provide highest dividend & bonus to the shareholders & policyholders respectively. 5. To increase asset, investment & life fund with modern technology & most efficient management.









Strategic Objectives: In order to achieve company’s long-term goal, it has maintain a number of key business objectives which are: · Prompt claim settlement; · Improve staff-client relationship; · Enhancement of employees’ skill and efficiency; · Maximize shareholders’ wealth through a sustainable return on their investment; · Maintenance of social commitment; · Establishment of corporate governance.








Ethical Principles: We are committed to living by the principles and practices established by our corporate and social responsibility and business ethics, which enable us to manage effectively our impact on the society and environment. Our core values, depends on: · Integrity & Honesty: We believe only integrated, honest and sincere employees can bring the company in a sustainable position. · Objectivity: We are committed to serve our clients and beneficiaries and conduct all business activities according to the business principles. · Accuracy and In Timely Manner: We are very much aware about the accuracy of all the calculation and evaluation by using the report of the expertise and serve to the valued clients in timely manner. · Performance in due care: To maintain the professional competence, it requires a continuing awareness and an understanding of relevant technical professional and business developments, so as a public service provider we exercise a sound judgment in applying professional knowledge and skill in the performance of such service. · Safety & Confidentiality: According to the principles of safety and confidentiality we are alert to the possibility of inadvertent disclosure of information of a prospective client or employer and the identification, evaluation and elimination of hazards that could cause harm to our employees, property and the environment. · Respect and Trustiness: We earn the trust and respect of our shareholders, employees, clients and business partners by being honest, fair & open and honoring our commitments. Accountability & Transparency: We are in practice of highest level of accountability and transparency regarding our product, business activities, performance and financial results to meet the expectation of all the valued users and beneficiaries.









Date of Incorporation
January 23, 1990


Obtained certificate for commencement of business
March 28, 1990


Registered with the Controller of Insurance
April 25, 1990


Prospectus issued for floatation of public shares
January 01, 1996


Subscription opened
January 08, 1996


Subscription closed
January 14, 1996


Listed with Dhaka Stock Exchange
April 06, 1996


First trading of shares on Dhaka Stock Exchange Floor
April 06, 1996


First A.G.M of public shareholders
August 25, 1996


First election of Directors from public subscribers
November 20, 1997


Settlement of SLIC shares in Demate mode in the CDS
April 27, 2004


Number of Directors
19


Life fund at the end of the year 2010
655.48 Crore


Bonus Share for the year 2010
48 shares for every 100 shares (48 :100)