Staff Reporter
/Erik Mclean via Pexels.
The country’s insurance penetration remains low at 0.4%.
Shanta Life Insurance PLC, a new venture under Shanta Holdings, started its operations on 1 December at the insurer’s head office at Shanta Western Tower.
The company aims to drive financial security by launching simplified insurance products, tailored to individuals’ needs across Bangladesh.
Shanta Life’s product offerings comprise a Child Educational Plan, Depositor’s Protection Scheme, Endowment Plan, 3 Payment Plan, and Group Life Insurance.
Bangladesh’s insurance penetration remains as low as 0.4%, reflecting a lack of financial security coverage through insurance, noted Nafis Akhter Ahmed, CEO at Shanta Life Insurance.
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