Its product line includes a child educational plan, depositor’s protection scheme, endowment plan, 3 payment plan (3PP) and group life insurance. Credit: mayam_studio/Shutterstock.

Shanta Life Insurance, a subsidiary under Shanta Holdings, has officially begun its operations from this month in Bangladesh.  

The insurer’s head office at Shanta Western Tower in Dhaka will be the central hub for its activities.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company aims to provide simplified insurance products tailored to meet the diverse needs of individuals throughout the country. 

The company was established by a consortium that includes FAR Asset Management, Nasah Holdings, Shanta Holdings, Shanta Lifestyle, Shanta Multiverse, Shanta Property Management and Shanta Securities.  

It received its operating licence on 7 November from the Insurance Development and Regulatory Authority (IDRA). 

Shanta Life Insurance’s product line includes a child educational plan, depositor’s protection scheme, endowment plan, 3PP and group life insurance.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company appointed Nafis A Ahmed as CEO in April. 

He brings more than 20 years of experience in the insurance industry, with expertise in sales management, business development, distribution, corporate sales, market expansion and strategic planning.  

Before joining Shanta Life Insurance, he was the chief corporate business officer of MetLife Bangladesh and worked closely with the IDRA. 

Nafis A Ahmed added: “Currently, insurance penetration in Bangladesh remains as low as 0.4%, which signifies a lack of financial security coverage through insurance. At Shanta Life, we believe all the citizens of Bangladesh have the right to come under financial inclusion with better financial security in life.  

“We see a unique opportunity to bridge this gap by offering simplified and affordable solutions that meet the diverse needs of people across all regions of the country.”