The government has recently augmented Sadharan Bima Corporation’s financial capacities, boosting its authorized capital from Tk 1,000 crore to Tk 1,500 crore and its paid-up capital from Tk 500 crore to Tk 900 crore. This enhancement, executed under Section 5(3) of the Bima Corporation Act, 2019, aims to fortify the corporation’s operational capabilities and expand its scope in the insurance sector. The decision reflects the government’s proactive stance in bolstering the corporation’s financial strength to better meet the evolving demands and challenges within the insurance industry. By increasing the authorized and paid-up capitals, the government seeks to enhance Sadharan Bima Corporation’s ability to underwrite larger insurance policies and manage higher financial risks effectively.
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