Stay updated with breaking news from Insurance Development. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Payments against claims of around 10 lakh policyholders are hanging in the balance as 29 life insurance companies are not clearing dues owing to a liquidity crisis, official figures showed.
Around 25,000 life insurance policy-related complaints have been filed against 14 life insurance companies of Bangladesh in just 10 months. Why is the industry in such a shoddy state?
It received the licence on November 7
More than a dozen life insurance companies settled only 14.09 percent of the 24,605 complaints they received in the first 10 months this year, creating uncertainty about whether policyholders will get back their money, official figures showed.
The shares belonged to sponsors of Sunlife