Dhaka, April 4 -- Unsettled insurance claims have swelled to a staggering Tk 72.49 billion, highlighting deep-rooted inefficiencies in claim settlement and intensifying pressure on Bangladesh's insurance sector, sources say.

The latest data from the Insurance Development and Regulatory Authority (IDRA) shows a substantial portion of claims across both life and non-life segments remains unpaid, raising concerns over liquidity stress and weak compliance among insurers.

The life insurance sector recorded total claims of Tk 62.61 billion during the July-September quarter of the current fiscal year.

Of this, only Tk 22.75 billion was settled, yielding a settlement rate of 36.34 per cent.

As a result, Tk 39.86 billion remains outstanding, a...