Astha Life Insurance Company Limited and Sena Insurance PLC have formalised a significant group insurance partnership, reinforcing the scope of employee welfare initiatives across Bangladesh’s insurance sector. The agreement was officially signed on Monday, 1 December, at the headquarters of Astha Life Insurance.
The signing ceremony was attended by senior executives and officials from both organisations, underscoring the importance of the collaboration. The agreement was signed by Brigadier General Shah Sagirul Islam, NDC, AFWC, PSC (Retired), Chief Executive Officer of Astha Life Insurance, and Brigadier General Shafik Shamim, PSC (Retired), CEO of Sena Insurance. The presence of high-ranking personnel from both institutions highlighted the mutual commitment to enhancing employee benefits and security.
Under the terms of the agreement, all officers and employees of Sena Insurance will receive comprehensive life and health insurance coverage through Astha Life’s group insurance scheme. The coverage is designed to ensure financial protection, medical support, and overall wellbeing for all enrolled personnel, reflecting a growing trend of institutional partnerships to enhance workforce welfare.
Astha Life Insurance occupies a unique position in Bangladesh’s insurance market as the only life insurance company operated under the supervision of the Army Welfare Trust while remaining publicly accessible. Over the years, the company has established a reputation for transparency, accountability, and superior customer service, setting new benchmarks in the national insurance sector.
In a statement during the ceremony, the chairman of Astha Life emphasised the company’s ongoing efforts to restore and strengthen public trust in life insurance. By offering what he described as “next-generation insurance services,” the company aims to expand the accessibility and reliability of life and health coverage across corporate and institutional clients. This latest agreement with Sena Insurance marks a strategic milestone in achieving that vision.
Key Features of the Astha Life–Sena Insurance Agreement
| Aspect | Details |
|---|---|
| Signatories | Brig. Gen. Shah Sagirul Islam (Astha Life CEO), Brig. Gen. Shafik Shamim (Sena Insurance CEO) |
| Date of Signing | 1 December 2025 |
| Venue | Astha Life Head Office |
| Coverage | Life and health insurance for Sena Insurance employees |
| Strategic Significance | Enhances employee welfare, expands group insurance reach |
This partnership exemplifies a forward-looking approach to employee protection, combining the strengths of two leading institutions in the insurance sector to deliver comprehensive and reliable coverage.