Dhaka, Oct. 1 -- The Insurance Development and Regulatory Authority (IDRA) is set to disburse Tk 26.37 crore to 7,641 policyholders in the third phase of its ongoing drive to settle long-pending legitimate insurance claims.

The disbursement will take place on October 4, benefiting policyholders across six life insurance companies, IDRA announced on Thursday.

According to IDRA, the continuous initiative aims to rebuild public trust in the insurance sector, settle valid claims, and safeguard policyholders' fair rights.

Among the institutions, policyholders of Padma Islami Life Insurance will receive the highest payout, with Tk 9 crore to be disbursed among 2,348 customers. Progressive Life Insurance will pay Tk 6.78 crore to 2,140 client...