Authorized and paid up capital of SBC increased

According to Insurance Corporation Act, 2019 Section 5(3) enacted by the Government of the Peoples Republic of Bangladesh, the Government has increased the authorized capital of Sadharan Bima Corporation (SBC) to Tk 1500 crore instead of Tk 1000 crore and the paid up capital to Tk 900 crore instead of Tk 500 crore, says a press release.  

Raising the paid-up capital will make its image brighter to the reinsurers in the outside world. Along with that, peoples confidence in insurance will also increase.