Bangladesh, Sept. 14 -- The Insurance Development and Regulatory Authority (IDRA) on Monday disbursed Tk 23,03,56,971 in long-pending insurance claims to 5,868 policyholders in its second phase of payments, part of a drive to clear backlogged claims and rebuild public trust in the insurance sector.

Advertisement The funds were arranged from the assets, security bonds and other sources of the life insurance companies concerned under IDRA's initiative to settle valid claims that had remained unpaid for a long time.

The second-phase payments cover policyholders of five life insurance companies. Padma Islami Life accounts for the largest share, with 3,600 policyholders receiving Tk 120 million (Tk 12 crore), followed by Homeland Life (1,14...