Jiban Bima Corporation

[4] The number of insurance companies that had business in East Pakistan was 75, of which 10 were locally incorporated ones.

Fazlul Haque (Mowla), Khuda Buksh and Ali Ahmed were selected as the directors of the Jatiya Bima Corporation.

Samad became the chairmen of Karnafuli, Teesta, Rupsa and Surma Corporation respectively.

In addition, four directors were appointed under each corporation to handle administration, development, underwriting and claims and finance and accounts.

Qamruzzaman became the minister of commerce and reorganised the insurance companies within two months.

[6] Until 1985, the JBC was the only institution to handle life insurance business in Bangladesh.

In 2015 the number of private life insurance companies in Bangladesh has reached at 30.

67.6 million which comprised first year premiums (including group) Tk.

The JBC inherited an outstanding claim of Tk.50 million at the time of its inception.

15.81 billion against various claims, the highest such payments in the country's life Insurance business.

The JBC has the largest network all over the country with 7 regional, 9 zonal, 68 sales and 343 branch offices.

[1] The life fund of Jiban Bima Corporation has increased to TK.