Business Report :
Sonali Life Insurance Company has set a benchmark for efficiency and transparency, settling Tk 8,404,300in death claims in November 2024.
This remarkable achievement involved processing 57 claims with a standard turnaround time of just seven days-a standout in the insurance industry.
Beyond death claims, the company disbursed an impressive Tk 40.4 crore in total benefits during the same period, reaffirming its commitment to policyholders.
These payouts included Tk 32.9 crore for 1,245 full maturity benefits, Tk 301,214 against 17 supplementary policies, and Tk 7.4 crore for 2,139 survival benefit claims.
“Sonali Life’s ability to settle claims efficiently through an IT-driven, transparent process is a testament to our dedication to our customers,” said CEO Rafiqul Islam. “Our claims can be tracked directly via our website, ensuring ease and confidence for our policyholders.”
Since its inception in 2013, Sonali Life has overcome numerous challenges to establish itself as a leading player in the insurance sector. The company’s renewal base currently stands at 82%, among the highest in the industry, showcasing the trust and reliance of its customer base.
Looking ahead, the company has set ambitious targets for 2024, aiming to achieve significant gross premium earnings. While specific figures remain under wraps, the CEO expressed optimism about meeting these goals through consistent growth and innovation.
Sonali Life continues to lead the industry with its customer-first approach, combining speed, transparency, and reliability to secure its position as a trusted name in the insurance sector.
