The Insurance Development and Regulatory Authority (IDRA) distributed insurance claim cheques totaling Tk 14.51 crore to 2,549 policyholders in a bid to accelerate claim payments and enhance trust in the insurance industry. IDRA Chairman Mir Nadia Nivin presented 94 cheques to policyholders from seven life insurance firms during a ceremony held at the IDRA conference room. The beneficiaries were policyholders of BAIRA Life, Fareast Islami Life, Golden Life, Homeland Life, Padma Islami Life, Progressive Life, and Sunflower Life. Emphasizing the importance of prompt and transparent claim settlements, Nadia highlighted that ensuring timely payment of valid claims is a key focus area for IDRA. She reiterated the commitment to safeguard policyholders’ interests and emphasized the significance of swift claim processing to bolster public confidence in the sector. The regulatory body emphasized that timely resolution of insurance claims is essential to uphold policyholders’ financial rights and enhance trust in the insurance industry.
“IDRA Distributes Tk 14.51 Cr in Insurance Claims to Policyholders”
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