Sandhani Life Insurance Co.Ltd

Contact Point : SANDHANI LIFE TOWER, RAJUK PLOT NO-34, BANGLA MOTOR, DHAKA- 1000.

PABX: 55168181-5, 9611197, 9664931, 9661241, 01833-325681-2, FAX: 02-9614405

E-mail: [email protected] , Web stie: www.sandhanilife.com

Chief Executive Officer: [email protected]

At a glance Sandhani:

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 2014 9.09 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.

Product of Sandhani Life Insurance Co.Ltd

AKOK BIMA

Endowment Insurance (With Profit) Plan No. 01

Advantages:

Policyholder will get full sum assured with bonus after maturity as per term.
If death occurred in between the term of an in force policy, full death benefit and bonus will be payable.
Surrender value/ Paid-up value achieved if the policy run minimum 02 (Two) years and loan may be sanctioned against this policy which will be 90% of the achieved surrender value.
Proposed age range would be minimum 20 years and maximum 55 years.

• Supplementary coverage will be applicable.

Joint Life Endowment Insurance (With Profit) Plan No. 02

Advantages:

Policyholders will get full sum assured with bonus after maturity as per term.
If anyone of the two policyholders dies in between the term of an in force policy, the other policyholder will get death benefit with bonus.
Surrender value/ Paid-up value achieved if the policy run minimum 02 (Two) years and loan may be sanctioned against this policy which will be 90% of the achieved surrender value.
Proposed age range would be minimum 20 years and maximum 55 years.

• No Supplementary coverage will be applicable.

Anticipated Endowment Insurance – Three Payment (With Profit) Plan No. 03

Advantages:

Policyholder will get 25% survival benefit of sum assured after ending of one-third term, another 25% survival benefit of sum assured after ending of two-third term and rest 50% of sum assured with bonus after maturity of the full term.
If death occurred in between the term of an in force policy, full death benefit and bonus will be payable without deducting the installments.
Surrender value/ Paid-up value achieved if the policy run minimum 02 (Two) years and Loan may be sanctioned against this policy which will be 90% of the achieved surrender value.
Proposed age range would be minimum 20 years and maximum 55 years.
Supplementary coverage will be applicable.

Anticipated Endowment Insurance – Four Payment (With Profit) Plan No. 05

Advantages:

Policyholder will get the survival benefit in 04 (Four) installments within the whole term of the policy.
If death occurred in between the term of an in force policy, full death benefit and bonus will be payable without deducting paid installment.
Surrender value/ Paid-up value achieved if the policy run minimum 02 (Two) years and Loan may be sanctioned against this policy which will be 90% of the achieved surrender value.
Proposed age range would be minimum 20 years and maximum 55 years.
Supplementary coverage will be applicable.

Children Endowment Insurance (Without Profit) Plan No. 06

Advantages:

Sum assured will be paid only after full term or maturity.
If death occurred of the policy holder in between the term of inforce policy, premium will be waived for the rest term.
If death occurred of the insured child in between the term of inforce policy, all premiums will be return with 4% simple interest except 1st year premium or the policy will be transfer to another child.
If the policy holder survives up to full term, nominee (Child) will get the sum assured.
No surrender value as well as loan will be entertained.

• Supplementary coverage will be applicable.

Individual Pension Scheme Insurance (Without Profit) Plan No. 07

Advantages:

Pension will be paid in a specified rate after retirement of policy holder (Age between 50 to 60) up to death occurred.
Pension will be paid at least for 10 years. However if death occurred in between 10 years of pension starts, pension will be paid to the nominee for the rest time.
If the policy holder survives more than 10 years after pension starts, pension will be continued up to death occurred.
If death occurred of the policy holder before the pension starts, nominee will get sum at risk which is equal to 10 times of annual pension and after this the policy will be end. Nominee may take this payment in pension form.
Surrender value will be entertained maximum 50% of one year pension.
No supplementary coverage will be applicable.

Single Payment Multiple Benefit Endowment Insurance (With Profit) Plan No. 09

Advantages:

Term of this policy would be 12 years or 19 years.
Proposed age would not be exceeding 48 years in 12 years term and 41 years in 19 years term.
Premium would be minimum taka 15,000 in 12 years term and taka 10,000 in 19 years term.
The policy holder will get double amount against deposited premium in 12 years term and triple amount in 19 years term after maturity. In case of death, nominee will get the same.
Surrender value will be entertained after two years of policy starts and loan would be payable 90% of surrender value.
It doesn’t require paid up value because of single payment premium.

• Supplementary coverage will be applicable.

Higher Education Support Insurance Plan No. 11

Advantages:

In this plan Students themselves or their father or mother have to take a policy where the students or their parents will pay the premium.
A student can borrow loan minimum taka 1, 00,000 to maximum taka 3, 00,000 which will be repayment with 12% service charge or being adjusted from policy maturity amount. But if anyone wants to repay the loan after ending study, service charge for borrowing loan has to be charged.

If death occurred of the policy holder in between the term of inforce policy, all premiums for the rest term will be waived and the borrowed loan will be adjusted

• Supplementary coverage will be applicable.

Child Protection Endowment Insurance (With Profit) Plan No. 12

Advantages:

It is a joint insurance plan where risk will be assessed on child and his/her parents both lives. If father is not alive or unfit in medical test then mother will be the payor in this plan. But mother should be literate (S.S.C or equivalent degree) and involved in any profession. Nobody would be the payor in this plan instead of Parents.
Child’s maturity age would be 18 to 25 years and proposed age would be maximum 15 years and minimum 06 months in this plan.
The term of this policy would be 08 to 24 years and sum assured minimum taka 30,000.
No supplementary coverage will be applicable.
Medical test for both payor and child is mandatory.
If the child alive, he/she will get sum assured with bonuses after maturity.
If death occurred of the payor in between the term, all premiums will be waived for the rest period and the policy will remain running up to the full term. Despite this the insured child will get 1% monthly benefit of sum assured up to the term.
If death occurred of the child in between the term, sum assured with bonuses will be payable as per company’s specified rules and regulations.

Vehicle Loan Scheme Insurance Plan No. 80

Advantages:

Under this scheme a person can easily own a vehicle by paying a nominal monthly installment as insurance premium along with service charge having a guaranteed life insurance policy for the amount equivalent to the required loan.
The term of the policy equals to the term of loan which is 02 to 03 years.
The borrower has to pay premium in monthly basis over the term of the policy along with service charge at an agreed rate to the company.
The borrower has to pay 30% of loan amount as down payment.
After maturity the loan is cleared and the vehicle will be released to the borrower.
If the borrower dies at any time during the policy term the sum assured is applied to liquidate the loan and the ownership of the vehicle vests with the legal heirs of the insured person free of any encumbrances.

•Until the policy matures at the maturity date or earlier death the vehicle remains mortgaged with the lender.

Title	Sandhani Life Insurance Co.Ltd
Address	SANDHANI LIFE TOWER, RAJUK PLOT NO-34, BANGLA MOTOR, DHAKA- 1000
Phone	880255168181
Fax	88029614405
Mobail	88029611197
Email	[email protected]
Post Code	1000
Reg Code
Swift Code
License
TIN
BIN
Establishment Year	1990
Category	Private
Sector	Finance
Service Type	Insurance
Area	Bangla Motor
Upazila/Thana	Ramna
Division	Dhaka
District	Dhaka
Country	Bangladesh
Membership
Legal Status	Private