National Credit Ratings Limited has affirmed the long-time rating of Sonali Life Insurance company Limited at AA+ (Double A +) and a short-term rating as ST-2 based on audited financials up to December 31, 2021, and other relevant qualitative as well as quantitative information up to the date of the rating.
The glory of achievement is expected to undoubtedly reflect in the country’s insurance industry, reads a press release.
Chief Executive Officer (CEO) of Sonali Life Insurance Company, Rashed Bin Aman said that this is a unique and bright example for the industry.
He said Sonali Life Insurance, a fourth-generation insurance company, following completely Shariah-based rules and regulations, has been able to create a difference in the market because of its most modern technology base, compliant and accountable services to the customers.
“Sonali caters to the growing and changing demands of a diverse range of customers with its innovative and time-befitting products and also maintains transparency and accountability in all the spheres of its activities at all of its more than 140 branches across the country”.
The main success of Sonali Life is its strict commitment to claim settlement within seven days from the due dates.
The company has settled more than 20,000 insurance claims so far and all of them were done within the stipulated date.
Attractive 89% renewal percentage Sonali Life is another success story while automation all over the Sonali activities turn the company more demanding among clients as the clients are able to watch every stage of the development of their policy profile on their own through a digital app.
