Sandhani Life Insurance

What Sandhani Life Insurance does

Sandhani Life Insurance Co. Ltd. is a privately held Bangladesh life insurer founded in 1990 and headquartered at Sandhani Life Tower, Bangla Motor, Dhaka. The company offers 44 insurance and pension products spanning endowment plans with guaranteed bonus and profit-sharing variants, multiple deposit pension schemes (including Shariah-compliant Takaful versions), child protection policies, Hajj pilgrimage savings (Hajj Bima), joint life endowment, single-premium and multi-payment assurance plans, group insurance, health insurance, and micro insurance targeted at low-income and rural populations. This portfolio serves individual consumers, families, and organizations across Bangladesh, including underserved rural segments via Grameen-branded plans.

Distribution is hybrid: 331 physical branches nationwide provide local access including in remote areas, a tiered field agent network (Field Agents, Unit Managers, Branch Manager Business) drives customer acquisition, and the I-Life mobile application enables 100% digital browsing, premium calculation, and online premium payment. The company is regulated by the Insurance Development and Regulatory Authority (IDRA) and is affiliated with bodies including BSEC, DSE, CSE, BIA, and FID.

Revenue is generated primarily through recurring insurance premiums on subscription-style policies, with individual premium amounts varying by coverage, age, payment mode, and selected plan. Pricing is not publicly disclosed in tiered form; a premium calculator is provided on the website and the I-Life app. The company is privately held with no disclosed parent, institutional investor, or stock exchange listing identified in the available data, and serves a stated base of more than 3 million customers.

Name

Sandhani Life Insurance

Legal name

Sandhani Life Insurance Co. Ltd.

Website

https://sandhanilife.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sandhani Life Insurance is a Bangladesh life insurer offering 44 endowment, pension, Takaful, and micro insurance products. Founded in 1990 and headquartered in Dhaka, it serves 3M+ customers via 331 branches and the I-Life digital app.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Participating (Dividend) Whole Life Insurance (FSAIABAI), Simplified Issue Whole Life / UL Insurance (FSAIABAH), Whole Life / UL Policy Riders & Add-ons (e.g., Waiver of Premium, Accidental Death, Child Term, LTC/Chronic Illness) (FSAIABAK), Group Term Life Insurance (FSAIAAAJ)

Keywords

• Life insurance
• Endowment plans
• Pension schemes
• Takaful insurance
• Micro insurance

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Life Insurance Premiums: Sandhani Life Insurance generates revenue through collection of insurance premiums from policyholders across various life insurance products including endowment plans, deposit pension schemes, takaful products, micro insurance, group insurance, and health insurance offerings.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Sandhani Life Insurance is a Bangladeshi life insurance provider that sells endowment policies, deposit pension schemes, Shariah-compliant Takaful plans, micro insurance, group insurance, and health insurance to individual consumers and organizations in Bangladesh. The company distributes its products through 331 physical branches and the I-Life mobile app, which enables 100% digital premium payments and policy management.

Product overview

Sandhani Life Insurance operates as a diversified life insurance provider in Bangladesh, offering a comprehensive portfolio of traditional and Shariah-compliant insurance and pension products. The company provides 24 named insurance plans spanning endowment policies, deposit pension schemes, and specialized offerings including child protection, Hajj pilgrimage savings, and micro insurance for underserved populations. Key product lines include multiple Sandhani Deposit Pension Schemes (Plan-08, Plan-32, Takaful Plan-30), various endowment plans with profit-sharing (Plan-01, Plan-82, Plan-23, Plan-24), and Islami/Takaful variants (Plan-22, Plan-25, Plan-27-28, Plan-31). The company also offers group insurance, health insurance, and micro insurance products. In addition to traditional products, Sandhani Life provides the I-Life digital platform for 100% digital insurance purchases, premium calculations, and online payments. The product architecture combines conventional life insurance with Shariah-compliant Takaful products, serving both urban and rural (Grameen) markets across Bangladesh.

Differentiator

Problem solved

Functional benefit

Brands

• I-Life: Digital platform for browsing life insurance products, calculating personalized premium payments, and paying premiums 100% digitally online. Available as a mobile app.

Products and services

• Endowment Insurance Plans Suite of traditional endowment insurance policies offering guaranteed bonus, profit-sharing, and maturity benefits. Includes single-premium, three-payment, four-payment, and five-payment variants marketed to individual policyholders seeking savings-linked life coverage.
• Sandhani Deposit Pension Scheme (SDPS) Deposit-based pension schemes providing retirement benefits for individual policyholders. Offered in multiple variants including two-payment, three-payment, and Grameen (rural-focused) versions, with both conventional and profit-sharing structures.
• Takaful / Islami Insurance Plans Shariah-compliant insurance and pension products based on mutual cooperation and shared risk principles. Includes Islami endowment plans, Takaful deposit pension schemes, and Grameen Islami deposit pension scheme tailored for Muslim customers.
• Hajj Bima (Hajj Endowment Plan) Shariah-compliant endowment plan (Plan-27-28) specifically designed to help Muslim policyholders save for the Hajj pilgrimage, with profit-sharing features.
• Child Protection Policy Insurance policy with profit-sharing designed to protect and provide for the financial future of policyholders' children.
• Micro Insurance Low-premium insurance products designed for low-income and underserved populations, extending coverage to remote and rural areas of Bangladesh.
• Group Insurance Insurance coverage provided to groups such as employers, associations, or organizations for their members.
• Health Insurance Health insurance coverage for medical expenses and healthcare needs of individual consumers.
• I-Life Mobile App Mobile application allowing users to browse all life insurance products, calculate personalized premium payments, and pay renewal premiums 100% digitally online. Acts as a single digital platform for the company's insurance portfolio in Bangladesh.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Delta Life Insurance: One of Bangladesh's largest private life insurers, offering a comparable portfolio of endowment, pension, and group insurance products to individual consumers. Direct competitor in the same domestic market with overlapping distribution and product strategy.
• National Life Insurance Company: Established Bangladeshi life insurer offering endowment and savings products. Competes head-to-head with Sandhani in the Bangladeshi retail life insurance market.
• Pragati Life Insurance: Bangladeshi private life insurer offering endowment, savings, and pension products. Direct competitor for similar mass-market and rural customer segments.
• Islami Life Insurance: Bangladesh-based Shariah-compliant life insurer focused exclusively on Takaful products. Most direct competitor to Sandhani's Takaful/Islami portfolio including Hajj Bima and Islamic endowment plans.
• Mercantile Life Insurance: Bangladeshi private life insurer offering traditional endowment and group life products. Comparable in scale and product mix to Sandhani's conventional life portfolio.
• Asia Pacific Life Insurance (Bangladesh): Bangladeshi life insurer with traditional endowment and savings products, competing directly with Sandhani for individual consumers in the same regulatory environment.
• Sun Life Insurance (Bangladesh): Local life insurer in Bangladesh (separate from global Sun Life) offering endowment and savings plans. Direct competitor in the retail life insurance space.

Broad incumbents

• MetLife Bangladesh: Subsidiary of global insurer MetLife, offering life and health insurance in Bangladesh. Provides global brand competition with broader capital backing and similar product lines targeting Bangladeshi consumers.
• Sadharan Bima Corporation: State-owned general insurer of Bangladesh that also underwrites life-related products. Largest incumbent by historical reach and government backing; sets competitive baseline in the domestic market.
• Green Delta Insurance: One of Bangladesh's largest private composite insurers offering life, health, and general insurance. While P&C-heavy, its life segment directly overlaps Sandhani's health and group insurance offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sandhani Life Insurance