Pragati Life Insurance Limited has settled Tk. 305.20 crore in claims from January to September period of 2024, said a press release.
The amount reflected an 11.73 per cent increase compared with that of the same period last year.
The company settled a total of 98,266 claims in the first three quarters of 2024, including death claims, maturity claims, medical claims and other insurance benefits.
The average claim settlement time was just 4 days, the release said.
Md Jalalul Azim, chief executive officer of Pragati Life Insurance, said, 鈥極ur focus remains on improving our claims processing times to ensure that our customers receive their payments as quickly as possible.鈥�
