Shanta Life Insurance PLC, the newest venture by the renowned corporate house Shanta Holdings, has officially commenced its operations as of 1st December 2024, with a launch event held at the company’s head office at Shanta Western Tower.
Committed to fostering financial security and peace of mind, Shanta Life has introduced a range of simplified insurance products tailored to meet the diverse needs of individuals across Bangladesh. Building on Shanta’s legacy of trust and quality, the company aims to bring the same values to the life insurance sector, addressing prevalent challenges such as transparency and policyholder trust.
Shanta Life’s current product lineup includes the Child Educational Plan, Depositor’s Protection Scheme, Endowment Plan, Three-Payment Plan (3PP), and Group Life Insurance. Speaking about the vision, Nafis A Ahmed, Chief Executive Officer of Shanta Life Insurance, remarked, “In Bangladesh, the life insurance sector holds immense potential as a transformative tool for financial security and economic resilience. With insurance penetration at a mere 0.4%, millions remain without financial coverage. At Shanta Life, we are dedicated to bridging this gap by providing accessible and affordable solutions that cater to the diverse needs of people nationwide, ensuring inclusive financial security for all.”
The event was graced by Shanta Life’s Directors, including Saif Khondoker, Arif Khan, Raiven Hasan, Anisul Haque, and CEO Nafis A Ahmed, alongside other directors and senior company officials, marking a significant step forward in the company’s journey to redefine life insurance in Bangladesh.
