Twelve insurance policies linked to Malaysians affected by the Nepal disaster have been fully settled, while PIAM expects more claims to be resolved.
KUALA LUMPUR: More than 50 insurance policies linked to Malaysians affected by the Nepal disaster have been identified, with 12 policies fully settled so far, says the General Insurance Association of Malaysia (PIAM).
Its chief executive officer Chua Kim Soon said the association was working closely with Bank Negara Malaysia and its member companies to assist victims’ next of kin with the claims process.
“From our preliminary records, at least more than 50 insurance policies are related to this Nepal disaster.
“So far to date, at least 12 policies have already been settled fully by our member companies. We expect more of this to be resolved in the coming weeks,” he told reporters after PIAM’s Monsoon Readiness Media Roundtable here today.
Chua said insurers were responding as quickly as possible to provide assistance and process the claims.
He clarified that the more than 50 policies did not necessarily correspond to the same number of victims, as they covered three categories of insurance.
These included travel insurance purchased by Malaysians visiting Nepal for holidays or religious pilgrimages, annual personal accident policies and group personal accident coverage provided by employers.
He said PIAM would continue to assist the victims’ next of kin with claims-related matters.
Those requiring help with claims registration or notification could also contact the association for further guidance.
