NCS-01- (1st year) Selection of Sadharan Bima Corporation (SBC) as insurers for disbursement of insurance payout to the beneficiaries through macro level flood risk products (– for the first year)

The Insurance Development and Regulatory Authority has issued an award notice for contract NCS-01, selecting the Sadharan Bima Corporation as the insurer for the first year of a flood risk management initiative. This agreement focuses on the implementation of macro level flood risk products designed to facilitate the efficient disbursement of insurance payouts to eligible beneficiaries within Bangladesh. This federal level engagement is managed by the Insurance Development and Regulatory Authority to ensure financial protection against flood-related losses. The contract specifically covers the initial year of operations, establishing the framework for risk coverage and payout mechanisms to support affected populations in the designated performance area.