Ensure insurance claims paid after investigation, says PM

Prime Minister Sheikh Hasina on Wednesday called for ensuring that the insurance claims are paid after proper investigation to curb anomalies in this sector, reports UNB.

"Make sure that you are paying the claimed money after appropriate investigation and examinations," she said.

The prime minister said this while addressing a programme to observe National Insurance Day 2023 at the Bangabandhu International Conference Centre (BICC) with the theme 'my life and asset will be secured, if these are insured' ('amar jibon amar sampad, bima korle hobe nirapad').

She said that there are allegations of anomalies in paying the claimed money where unscrupulous people claim hefty amount of money against their insured items.

"My request to the people and authority involved in the insurance sector to remain alert to ensure inquiry for finding out the actual loss from any incident," she said.

She asked them not to pay any money without conducting proper investigation bowing down to the pressure from any (influential) person.

She asked all people and authorities involved in insurance sector to sincerely look into various anomalies in this sector.

"Please do no give in to any pressure. Many people come to us, to me and the ministers or any other person, for getting favour, but you have to find out the actual loss," she said.

Hasina said that any person can claim hefty amount for his or her insured item, but the concerned authorities have to pay the money after proper investigation and examination.

"Why is not that being implemented? Then should I think that the investigators are also the beneficiaries of this (anamoly)? I doubt they also have involvement is this," she said.

She mentioned that she does not want that insurance companies earn bad names, because she is also a member of this family. "I have to look after this."

IDRA Chairman Mohammad Jainul Bair, Bangladesh Insurance Association President Sk Kabir Hossain And Secretary to Financial Institutions Division Sheikh Mohammad Salim Ullah also spoke.

A documentary on the insurance sector of the country was screened at the programme.

Bangabandhu Sheikh Mujibur Rahman joined Alpha Insurance Company on March 1, 1960, and took up insurance as a profession. In commemoration of that day, the National Insurance Day is celebrated on March 1 every year.