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Bid to hasten Covid payouts

Plan to outsource insurance claims

People gather in front of The One Insurance in September 2021 to push for speedier claims payments of Covid policies. (Bangkok Post file photo)

The Finance Ministry plans to speed up the payment of lump sum claims from Covid-19 policyholders of four dissolved non-life insurance companies, says permanent finance secretary Krisada Chinavicharana.

The General Insurance Fund (GIF) under the Office of the Insurance Commission (OIC) is responsible for payments of outstanding claims involving the dissolved insurance firms.

The fund has only paid around 5,000 policyholders out of tens of thousands of claims, said Mr Krisada.

He attributed the poky processing to a staff…

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