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Sadharan Bima Corporation (popularly known as SBC) is the one and only state - owned non - life insurer and reinsurer in Bangladesh under the Ministry of Finance, Government of the People's Republic of Bangladesh.
Both Sadharan Bima Corporation, the non - life insurer, and Jiban Bima Corporation, the life insurer, were created under the Insurance Corporation Act (Act No. VI) of 1973 of Bangladesh.