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 estates 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 ...