Guardian Life Insurance Limited has settled a total of 211,597 insurance claims worth Tk523.41 crore between January and September, according to a press release on Thursday.
Of the total disbursed, Tk257.32 crore was paid out for 34,939 death claims. Health claims accounted for the highest volume, with Tk235.45 crore disbursed across 170,675 claims. The remaining Tk30.64 crore covered 5,983 policy maturities and other claims.
Guardian Life Insurance Limited uses digital systems and a paperless process to handle claims, aiming to reduce paperwork and processing time.
Guardian Life Insurance CEO Sheikh Rakibul Karim said, “Behind every claim is a person or family counting on us at an important moment in their lives. We understand that timely settlement matters, whether a family is dealing with the loss of a loved one, a policyholder needs support for medical expenses, or someone is receiving the maturity benefit of a policy. We remain committed to making the claims process as simple and dependable as possible, so our customers can access their benefits without unnecessary delays.”
