BGIC Earns Tk 456cr

Sadharan Bima Corporation earned Tk 455.75 crore as direct premium and re- premium in 2007.
The income of the corporation as premium stood at Tk 126.58 crore in 2007 from Tk 12.06 crore in 1973 while the income from domestic and foreign re-premium totalled Tk 329.16 crore, 12.96 per cent higher than that in 2006.
This was informed at a meeting of the Parliamentary Standing Committee on Public Undertakings, held at Jatiya Sangsad Bhaban on Wednesday with its chairman Mohiuddin Khan Alamgir presiding, an official handout said.
It was also told at the meeting that the total claims of Tk 1,171 crore including Tk 42.84 crore as arrears were settled from 1973 to 2008. Besides, 167 insurance claims are awaiting disposal while 704 such cases are pending with different courts, the handout said.
The committee members thoroughly reviewed SBC’s audit report at the meeting and gave several specific instructions regarding insurance in non-agriculture sector, introducing crops insurance and speeding up payment against the outstanding claims.

The New Age