KUALA LUMPUR: Malaysian Life Insurers had paid over RM14.2 million in compensation payouts to the next-of-kin of the ill-fated MH370 passengers and crew members.
President of Life Insurance Association of Malaysia (LIAM) Vincent Kwo said payments had been and was being made to several next-of-kin over the past two weeks without having to go through the normal process.
"We understand the grief of the family members and are ready to make payouts faster and make it easier for the next-of-kin to claim.
"We had waived the requirement of death certificates, and setting this as a top priority, we had put in our best efforts to pay out claims within a week from the receipt of full documentations.
"The total amount of claims paid to the next-of-kin to date stands at approximately RM14.2 million out of a total exposure of RM18.7 million.
"A total of 184 policies were issued by life insurance companies in Malaysia. The balance of RM4.5 million claims are pending the official submission of documentation by the next-of-kin," he said.
Read more: MH370 Tragedy: RM14.2m compensation paid to next-of-kin of passengers, crew - Latest - New Straits Times http://www.nst.com.my/latest/font-color-red-mh370-tragedy-font-rm14-2m-compensation-paid-to-next-of-kin-of-passengers-crew-1.590868#ixzz319ramHAK
Catat Ulasan Blogger Facebook