Company · DSE:SUNLIFEINS · Life insurance · Analysis · 29 Oct 2026
Sunlife Insurance: gross premium of BDT 186.7m in 2025 and a life fund of BDT 533.7m, both the lowest of seven years
Gross premium fell 21.5% in 2025 after a 69.5% fall in 2024. The life fund was BDT 533.7m at Dec-2025 and BDT 469.4m at Sep-2026 (DSE-announced). The auditor's report carries three emphasis of matter paragraphs and states the opinion is not modified; the board recommended no dividend for 2025.
Sunlife Insurance Company Limited (Sunlife) is a public company limited by shares that came into operation on 30 May 2000 under a licence from the Chief Controller of Insurance. It is mainly engaged in individual life, Islamic individual life and group life insurance and also…
Company · DSE:RUPALILIFE · Life insurance · Analysis · 29 Oct 2026
Rupali Life Insurance: gross premium of BDT 2.05bn in 2025, the lowest of seven years, and a qualified audit for a second year
Gross premium fell 6.1% in 2025 and first year premium was BDT 720.2m. The life fund closed 2025 at BDT 5,008.9m and was BDT 4,789.9m at Sep-2026 after deficits in each of the first three quarters. The auditor qualified the opinion on cash at bank (BDT 419.0m of unreconciled items) and an agent balance of BDT 249.0m with no provision.
Rupali Life Insurance PLC (Rupali Life) was incorporated as a public limited company on 28 December 1999 and is listed on the Dhaka and Chittagong stock exchanges. It sells individual life and Islami individual life policies, group schemes and a range of micro-insurance savings products…
Company · DSE:SANDHANINS · Life insurance · Analysis · 29 Oct 2026
Sandhani Life Insurance: the life fund shrank for eight years to 2024 and grew 2.3% in 2025; the 12% dividend took all of the surplus
Gross premium grew 1.1% to BDT 2,468m in 2025 while first-year premium fell for a third year; claims dropped to 73.7% of premium, the yield on the fund was 7.01%, the lowest in ten years, and EPS was BDT 1.20, equal to the cash dividend. The stock trades at 18.5x EPS and 1.23x NAV.
Sandhani Life Insurance Company Ltd. (SLIC) was incorporated on 23-Jan-1990 and sells ordinary life, Islami (Takaful) life, group term and hospitalisation insurance; it also runs micro life schemes under the names IDPS, GIDPS, DPS, GDPS and GSB. Its shares are listed on the Dhaka and…
Company · DSE:SONALILIFE · Life insurance · Analysis · 29 Oct 2026
Sonali Life Insurance: a young life fund of BDT 9.0bn now paying out maturities of BDT 2.9bn a year, with BDT 1.1bn of legacy receivables in court
Gross premium rose 8.3% to BDT 8.66bn in 2025 and the life fund grew 11.3% to BDT 8.96bn, but maturity claims reached BDT 2.86bn and the fund fell by BDT 40.0m in Q3 2026. BDT 5.31bn sits in one product with five banks, BDT 3.89bn of it at one bank. A BDT 1,098.4m receivable from before 2023 is unreconciled and under legal recovery.
Sonali Life Insurance Company Limited (Sonali Life) is a Bangladeshi life insurer incorporated in July 2013 and registered with the Insurance Development and Regulatory Authority (IDRA) the same month. It listed on the Dhaka and Chittagong stock exchanges after a public issue in June 2021.…
Company · DSE:POPULARLIF · Life insurance · Analysis · 29 Oct 2026
Popular Life Insurance: a life fund that has shrunk from BDT 22.9bn to BDT 13.8bn as maturities outrun a falling premium book
Gross premium fell to BDT 5.01bn in 2025, back to its 2017 level, while maturity claims of BDT 4.20bn took claims to 90.3% of premium. The life fund fell in 6 of the last 8 years and the Q3 2026 deficit of BDT 1,320.6m took it to BDT 13.82bn. EPS fell to BDT 1.47; the board kept a 20% cash dividend. The auditor qualified the 2025 accounts over cash commission payments and outstanding premium.
Popular Life Insurance PLC (Popular Life) is a Bangladeshi life insurer that sells individual savings policies, many of them Islamic (takaful) and micro-premium plans, through a commissioned field force. It has two subsidiaries, Popular Life Securities Limited and PLI Asset Management Limited. In 2025 it…
Company · DSE:DELTALIFE · Life insurance · Analysis · 29 Oct 2026
Delta Life Insurance: a BDT 40.7bn life fund that went nowhere for five years, eight straight years of negative operating cash flow, and EPS that doubled to BDT 8.64
Gross premium rose 7.9% to BDT 10.2bn in 2025 and the life fund grew for the first time since 2020, after a regulator-appointed administrator ran the company from February 2021 to September 2022. A third of invested assets sit in listed shares. The stock trades at 8.0x FY2025 EPS with a 5.1% cash yield.
Delta Life Insurance Company Ltd. (Delta Life) is the country's first private-sector life insurer, according to The Business Standard, and was set up in 1986. It sells individual endowment-type savings policies through agents in two retail lines, ordinary life (OL) and Gono-Grameen Bima (GN-GRB), a…
Company · DSE:NATLIFEINS · Life insurance · Analysis · 29 Oct 2026
National Life Insurance: a BDT 70bn life fund that grew 17% in 2025, but shareholders earn only the surplus slice, BDT 3.70 a share
Gross premium rose 11.1% to BDT 23.4bn in 2025 and expenses stayed 12.0% under the IDRA limit; EPS is set by the actuary's surplus split (6.5% to shareholders in 2025) and H1 2026 maturity claims rose 50%. The stock trades at 24.4x EPS and 1.60x NAV.
National Life Insurance PLC (NLI) sells individual life policies in Bangladesh, mostly endowment-type savings plans sold by agents. It has four retail lines: ordinary life, Jana Bima (micro-insurance), Islami Takaful and National Pension Deposit Insurance (NPDI), plus a small group book. It was incorporated on…