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Founded in 1973 by employees of Sadharan Bima Corporation as a recreational program, the club entered the Dhaka First Division League in 1977 as champions of the previous year's Second Division. In their maiden top-flight season, Sadharan Bima finished 9th among 17 clubs. The club dropped out from the top-flight with the introduction of a Premier Division in 1993 and remained in the First Division until further relegation in 1996 to the Second Division. Nonetheless, the club returned to the First Division in 1999 before again suffering relegation in 2003. During the 2013–14 season, after a decade-long gap, the club returned to the top-flight of Dhaka, now known as the Senior Division League.
Current squad
As of 25 July 2024
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
The club's field hockey team currently participates in the Dhaka Premier Division Hockey League, the country's top-division field hockey league. They won the previous top division, the Dhaka First Division Hockey League, in both 1984 and 1985, while also achieving a runner-up finish in the Premier Division in 2014.
Mahmud, Dulal (2020). খেলার মাঠে মুক্তিযুদ্ধ (transl. Liberation war in the playground) (in Bengali). Bishhoshahitto Bhobon. ISBN978-984-8218-31-0.
Alam, Masud (2017). ফুটবলের গল্প ফুটবলারদের গল্প (transl. The story of football the story of footballers) (in Bengali). Bishhoshahitto Bhobon. ISBN9789849134688.