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Jiban Bima Corporation (JBC) is the state-run life insurance corporation in Bangladesh under the provisions of the Insurance Act 1938, Insurance Rules 1958, and related other laws enforceable in Bangladesh in Bangladesh Corporation Act 1973. The JBC started on 14 May 1973 with assets and liabilities worth TK.
The Parliament of Bangladesh on 3 March 2010 has passed two insurance laws in a bid to further strengthen the regulatory framework for the insurance industry. The new laws came into effect on 18 March 2010, are the Insurance Act 2010 and IDRA Act 2010. A total of 81 insurance companies have been operating in the country.
9. Padma Islami Life Insurance Company Ltd. 10. Popular Life Insurance Company Ltd. 11. Bengal Islami Life Insurance Ltd. 12. Prime Islami Life Insurance Co. Ltd. 13. Rupali Life Insurance Company Ltd. 14. Sandhani Life Insurance Company Ltd. 15. Sunflower Life Insurance Company Ltd. 16. Sunlife Insurance Company Ltd. 17. Zenith Islami Life ...
For underwriting the non-life insurance business of Bangladesh, Sadharan Bima Corporation was formed by the government in the year 1973. Up until 1984, SBC was the sole insurer of non-life insurance business in the country. In the same year, some private sector non-life insurance companies started operation.
Group insurance is an insurance that covers a group of people, for example the members of a society or professional association, or the employees of a particular employer for the purpose of taking insurance. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to ...
In the manifesto published by the Awami League for the 2008 general elections, the party promised to formulate a pension system for all classes of citizens. [1] On 30 June 2016, while presenting the budget plan for the fiscal year 2016-2017, Abul Maal Abdul Muhith, the then finance minister, expressed his interest in introducing a pension scheme for private sector employees and revamping the ...
Bangladesh Institute of Peace and Security Studies; Bangladesh Institute of Sports Education (BKSP) Bangladesh Insurance Academy (BIA) Bangladesh Marine Fisheries Academy (BMFA) Bangladesh Marine Academy (BMA) Bangladesh Planning Commission; Bangladesh Public Administration Training Centre (BPATC) Savar, Dhaka; Bangladesh Tea Research Institute
In 2005, the head office of IBA Group was opened in Prague and at the same time IBA CZ office expanded to include a branch in Brno, Czech Republic. [8] In 2010, an office was opened in Astana . [ 9 ] [ 10 ] In 2012, IBA Ukraine was opened in Kyiv , [ 11 ] and in 2013, IBA South Africa was established in Johannesburg .