Sonar Bangla Insurance Ltd.

Sonar Bangla Insurance Limited (SBIL), a non-life insurance company, was established on March 14, 2000, as a public limited company under the Companies Act, 1994. The company aimed to become a premier non-life insurance provider with a vision for excellence. It received the certificate of registration for insurance business from the Chief Controller of Insurance (now IDRA) on April 26, 2000. Initially starting with a paid-up capital of Tk. 6.00 crore against an authorized capital of Tk. 20.00 crore, SBIL had prominent business personalities and renowned industrialists as sponsors. Over time, the company has grown, and its current authorized capital stands at Tk. 100.00 crore, with a paid-up capital of Tk. 40,04,14,450/- Mr. Sheikh Kabir Hossain, an eminent social personality in Bangladesh, serves as the Hon'ble Chairperson of SBIL. He holds leadership positions in various organizations, including being the Chairman of Central Depository Bangladesh Ltd. & National Tea Company and the President of the Bangladesh Insurance Association. Mr. Sheikh Kabir Hossain has played pivotal roles in organizations such as the Bangladesh Red Crescent Society, Lions Club International Bangladesh, Islamia Eye Hospital, and the Board of Governors at Bangladesh Open University. Additionally, he actively contributes to policy-making discussions on financial matters in the country, collaborating with the Insurance Development and Regulatory Authority (IDRA).