Shanta Life Insurance PLC, a new venture under the renowned corporate house Shanta Holdings, started operations on December 1 at the insurer's head office at Shanta Western Tower. 

The company is set to drive financial security and peace of mind by launching simplified insurance products, designed to address the varied needs of individuals across Bangladesh. Given Shanta's legacy of trust and quality in all its businesses, the group plans to ensure the same values in the life insurance sector, which is currently riddled with issues of transparency and policyholders' trust. 

The current product offerings of Shanta Life comprise a Child Educational Plan, Depositor's Protection Scheme, Endowment Plan, 3 Payment Plan (3PP), and Group Life Insurance.

"In Bangladesh, the life insurance sector has the potential to be a transformative force for the financial security and economic resilience of the masses. 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", says Nafis A Ahmed, Chief Executive Officer of Shanta Life Insurance.

The launching event was graced by Shanta Life Insurance's directors Saif Khondoker, Arif Khan, Raiven Hasan, Anisul Haque, and its CEO Nafis A Ahmed. Other directors and high officials of the company were also present at the event.

For more information on the products and services of Shanta Life Insurance, visit their website – www.shantalife.com.