Sandhani Life Insurance Company Limited incorporated as a public limited company on 23 January 1990 under the Companies Act

1913 to conduct life insurance business the Insurance Act 1938. On 28 March of the same year, the company obtained certificate for commencement of business. It was registered with the Controller of Insurance on 25 April 1990, following which it immediately commenced life insurance business. The authorised capital of the company is Tk 200 million divided into 2 million ordinary shares of Tk 100 each. Its paid up capital is Tk 30 million. The sponsor shareholders subscribed 50% of its paid up capital and the remaining 50% was paid by the public shareholders, of which 20.63% by institutions and 29.37% by individuals. The company went public in January 1996 and was enlisted with the Dhaka Stock Exchange on 6 April 1996.

Up to December 1999, the company sold 20,932 individual life insurance policies. The premium incomes of the company in 1999 were Tk 160.50, which comprised Individual Life Insurance Tk 159.44 million (first year premium Tk 76.99 and renewal premium Tk 82.45 million), group insurance premium Tk 0.12 million and vehicle loan premium Tk 0.95 million. That year it paid re-insurance premium of Tk 0.44 million to the jiban bima corporation. The value of life insurance claims settled by the company was Tk 43.10 million. The company received significant amount of income in the form of interest on National Investment Bond, fixed deposits, short-term deposit accounts, interest on policy loans and motorcycle loans to staff, and dividend income. Total income on these counts was Tk 8.50 million in 1999.

The management of the company is vested in a 32-member board of directors with the managing director as the chief executive, who is assisted by 5 executives.

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 companys 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.