Sadharan Bima Corporation is only state-owned General
Insurance Corporation operating under the direct control and supervision of the
Ministry of Finance, Government of the People’s Republic of Bangladesh. It
emerged on 14th May, 1973 under the Insurance Corporation Act (Act No. VI) of
1973 to deal with all classes of general insurance & re-insurance business
emanating in Bangladesh.
Thereafter, SBC was
acting as the sole insurer of general Insurance till 1984. In the year 1984
Bangladesh Government allowed insurance Companies in the private sector and to
that effect promulgated the insurance Corporations (Amendment) Ordinance 1984.
Sadharan Bima
Corporation has a very strong financial base. It has a market share of over 20
% of the total premium income of the insurance market of Bangladesh. SBC, the
largest insurance enterprise in the country, has a networth of Tk.605 crore an
authorized capital of Tk.20 crore, paid up capital of Tk. 10 crore and the
anticipated revenue during the current financial year is approximately Tk. 417
crore.
Following
characteristics of SBC proves its financial soundness :- Government owned
enterprise - Financial Soundness due to huge assets owned by SBC - Only
re-insurer in Bangladesh - Wide net-work of offices - Public trust - Huge
trained & skilled manpower - Large investable fund - Huge Real Estate
Assets in Dhaka, Chittagong, Khulna, Rajshahi, Bogra & Sylhet. SBC TOWER -
the only multistoried car parking building in the heart of the capital city of
Bangladesh.
SBC is the sponsor
shareholder of Investment Corporation of Bangladesh, Industrial Development and
Leasing Company, National Tea Company Limited, National Housing Finance and
Investment Ltd, Aramit Ltd, Central Depository BD Ltd. etc.
SBC has met all
prudential norms in further its financial strength. Not only that, Sadharan
Bima Corporation has emerged as one of the country’s few largest taxpayers in the
corporate sector.
SBC is entitled to 50%
of public sector business in Bangladesh. Insurance Corporation (Amendment) Act
1990 provides that fifty percent of all insurance business relating to any
public property or to any risk or liability appertaining to any public property
shall be placed with the SBC and the remaining fifty percent of such business
may be placed with this Corporation or with any other insurers in Bangladesh.
But for practical reason and in agreement with the Insurance Association of Bangladesh
SBC underwrites all the public sector business and 50% of that business is
distributed among the existing 45 private general insurance companies equally
under National Co-insurance Scheme.
In respect of
reinsurance, the same act provides that fifty percent of a company’s
reinsurance business must be placed with the SBC and remaining fifty percent
may be reinsured either with this Corporation or with any insurer in Bangladesh
or abroad.
The main pillar of the
SBC is insurance as well as reinsurance business. SBC is the largest non-life
insurance underwriter in Bangladesh in terms of gross premium, network of
offices & trained manpower. On the other hand, SBC reinsures the risks of
private insurance companies operating in Bangladesh.
JOB DETAILS:
Company/Organization: Sadharan
Bima Corporation.
Job Category: Govt job.
Job Position: assistant
manager and junior officer.
Type of Jobs: Full time.
Job Location: Dhaka
Age limit: 18-30/32
years.
Total Post: n/a
Qualification: HONORS/MASTARS.
Experience: N/A
Application type: Online.
Salary: 22,000-38,640.
Deadline: 4
april 2016
How to pay:
must
be pay by teletalk prepaid mobile phone.
first
go to your message option then send following sms
1st sms: SBC<space>USER ID send to 16222 no.
now
you will get a pin code by reply sms
2nd sms: SBC<space>YES<space>PIN send to 16222
no.
now you will get password.
DOWNLOAD BELOW IMAGE FOR CIRCULAR
Posting date: 14 march 2016.
Circular source: DAILY STAR.
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