Sadharan Bima Corporation (SBC) is a state-owned insurance company in Bangladesh that was established in 1973. It is the largest and oldest insurance company in the country, providing a wide range of insurance services to individuals, businesses, and organizations. SBC has been a pioneer in the insurance industry in Bangladesh, introducing new products and services to meet the evolving needs of its customers.
History and Background
SBC was formed as a part of the government’s nationalization policy in the early 1970s. Prior to SBC’s formation, the insurance industry in Bangladesh was dominated by foreign insurance companies, and there was a lack of indigenous insurance companies. The government saw the need for a local insurance company to serve the growing needs of the economy and established SBC in 1973. Since then, SBC has been serving the insurance needs of the people of Bangladesh, and has become an integral part of the country’s financial system.
Products and Services
SBC provides a wide range of insurance services, including life insurance, health insurance, motor insurance, marine insurance, fire insurance, and crop insurance. The company has designed its products to meet the specific needs of different customer segments, and is constantly innovating to offer new products and services.
Life insurance is one of the most popular products offered by SBC, and is designed to provide financial security to the insured and their family in case of death or disability. SBC’s life insurance products include endowment policies, term insurance policies, and group insurance policies.
Health insurance is another important product offered by SBC, and is designed to cover medical expenses incurred by the insured. The company offers individual health insurance policies, as well as group health insurance policies for businesses and organizations.
Motor insurance is also a popular product offered by SBC, and is designed to provide coverage for loss or damage to vehicles due to accidents, theft, or other events. The company offers comprehensive motor insurance policies, as well as third-party motor insurance policies.
Marine insurance is designed to cover loss or damage to goods or vessels during transit. SBC offers marine cargo insurance, marine hull insurance, and marine liability insurance.
Fire insurance is designed to cover loss or damage to property due to fire or other events. SBC offers various types of fire insurance policies, including property insurance, business interruption insurance, and consequential loss insurance.
Crop insurance is designed to protect farmers from the financial loss caused by crop failure due to natural disasters, pests, or other events. SBC offers crop insurance policies to farmers in Bangladesh, covering various crops such as rice, wheat, jute, and tea.
Innovation and Digitalization
SBC is constantly innovating and adapting to the changing needs of its customers. In recent years, the company has been focusing on digitalization, and has introduced a number of digital initiatives to improve its services and customer experience. SBC has launched an online platform for customers to purchase insurance policies, file claims, and access policy information. The company has also introduced mobile apps for policyholders, allowing them to access policy information, file claims, and pay premiums from their mobile devices.
Sadharan Bima Corporation (SBC) Jobs & Career
Sadharan Bima Corporation (SBC) is one of the largest and oldest insurance companies in Bangladesh, providing a wide range of insurance services to individuals, businesses, and organizations. As a state-owned enterprise, SBC is committed to creating job opportunities and providing career growth and development opportunities for its employees. In this blog post, we will explore the various job opportunities available at SBC, as well as the career growth and development prospects for employees.
Job Opportunities at SBC
SBC offers a wide range of job opportunities across various departments and functions. Some of the common job roles at SBC include:
Sales and Marketing: Sales and marketing professionals are responsible for promoting SBC’s products and services and acquiring new customers.
Underwriting: Underwriters evaluate and assess risks associated with insurance policies and determine the terms and conditions of coverage.
Claims Processing: Claims processors are responsible for processing insurance claims and determining the amount of compensation that should be provided to policyholders.
Actuarial Science: Actuaries use statistical and mathematical models to evaluate risks associated with insurance policies and determine the appropriate premium rates.
IT and Digitalization: IT and digitalization professionals are responsible for developing and maintaining the company’s digital platforms and systems, including mobile apps and online portals.
Career Growth and Development at SBC
SBC is committed to providing its employees with opportunities for growth and development. The company offers various training programs and workshops to enhance the skills and knowledge of its employees. In addition, SBC encourages its employees to pursue higher education and professional certifications to enhance their qualifications and expertise.
SBC also provides opportunities for career growth and advancement within the organization. The company has a performance-based promotion system that allows employees to progress to higher positions based on their performance and contributions to the organization. SBC also provides opportunities for lateral movement across different departments and functions, allowing employees to gain exposure to different areas of the business.
SBC Job Circular 2023 & How To Apply
Sadharan Bima Corporation (SBC) regularly publishes job circulars on its official website and in various newspapers in Bangladesh. These job circulars contain information about the available job positions, the qualifications and experience required for each position, and the application process.
To apply for a job at SBC, follow these steps:
Check the SBC website or newspapers for the latest job circulars. The circulars will contain information about the job positions available, the qualifications required, and the application deadline.
Review the job requirements carefully and ensure that you meet the minimum qualifications and experience required for the position.
Prepare a cover letter and a resume that highlights your qualifications and experience relevant to the job position.
Fill out the application form provided in the job circular. The application form will require you to provide personal information, educational qualifications, work experience, and other relevant details.
Submit the application form, along with your cover letter and resume, before the deadline specified in the job circular. You can submit your application online or by mail, depending on the instructions provided in the circular.
If you are shortlisted for an interview, you will be contacted by the SBC recruitment team. The interview process will typically involve a series of interviews with various stakeholders in the organization, including department heads and senior managers.
If you are selected for the job, you will receive an offer letter from SBC. The offer letter will contain information about your salary, benefits, and other terms and conditions of employment.
http://www.sbc.gov.bd/site/view/notices link provided is to the notices page of the Sadharan Bima Corporation (SBC) website. This page contains important announcements and notices related to the operations and services of the company.
The notices on this page are written in Bengali, which is the official language of Bangladesh. They cover a wide range of topics, including updates on new insurance products and services, changes to policies and procedures, and important announcements related to the company’s operations.
Some of the recent notices on the page include updates on the company’s digital initiatives, such as the launch of a mobile app for policyholders and the introduction of an online platform for purchasing insurance policies. Other notices relate to changes in policies and procedures, such as updates to the company’s claims settlement process and changes to the requirements for obtaining insurance policies.
Overall, the notices page on the SBC website is an important resource for customers and stakeholders of the company. It provides timely and important information about the company’s operations and services, and helps to ensure transparency and accountability in its activities.
Sadharan Bima Corporation has been a pioneer in the insurance industry in Bangladesh, providing a wide range of insurance services to individuals, businesses, and organizations for nearly five decades. The company has played a key role in the development of the country’s insurance industry, and has become an integral part of the financial system. With its focus on innovation and digitalization, SBC is well positioned to continue meeting the evolving insurance needs of its customers in Bangladesh.