Staff Correspondent: Insurance claims owed by customers to Homeland Life Insurance Limited are around Tk 79 crore. The board of directors of the company is neglecting to pay the demands of the customers. Chief Executive Officer of Homeland Life Insurance. Biswajit Kumar Mondal to pay insurance claims of customers. Chairman of Insurance Development and Regulatory Authority several times applied on July 9 for guidance. In that application, it is said that the amount of insurance claim owed by the customer to the company is Tk. 79 crore . The company’s outstanding claims payment status is very fragile. Consumers are constantly attacking various offices, filing complaints of non-receipt of insurance claims in various institutions including Insurance Development and Regulatory Authority, Anti-Corruption Commission.doing Customers are suing to collect claims. Customers are coming to the company’s head office and servicing center to collect their dues and are defying the higher authorities. On the application of the Chief Executive Officer, a direction is requested to monetize BGTB for a minimum of Tk.ten crore. Accounts of paid insurance claims shall be submitted to the Insurance Development and Regulatory Authority mentioned. Before this, the Chief Executive Officer of Homeland Life on June 26. Biswajit Kumar Mondal, the chairman and board of directors of the company also requested the customers to take initiatives to pay the outstanding claims by referring to the existing facts and the details of the insurance claims owed by the customers. The Chief Executive Officer said that the Board of Directors has not yet taken an effective and positive decision to pay the outstanding claims of the customers. Accounts payable to customers. The chief executive officer claims that the company has the money till payment. He said, the main goal of Homeland Life is that wherever the customer is, we are always by your side. So protecting the interests of customers should be our main goal. Due to non-payment of insurance claims on time and customers being harassed, the life insurance industry is having a negative impact, Dr. Biswajit Kumar Mondal. Insurance on 2 October 2022In a notice issued by the Complaints and Investigations Wing of the Development and Control Authority, the company was directed to file with the authority the details of how many insurance claims are outstanding and inform the authorities by paying 5,952 insurance claims by November 30, 2022. In the notice, 7 directors of the company were sent to jail after being arrested in a case brought by customers for non-payment of insurance claims.is mentioned. Chief Executive Officer Dr. Biswajit Kumar Mondal said that after that notice, about 28 crores of customer claims were paid. There are still outstanding claims of about Tk 79 crore. Customers are coming to the company’s office to collect claims. Now due to lack of initiative from the authorities we are unable to pay the dues of the customers. Officials have to face various pressures and scandals constantly. The High Court has directed the Anti-Corruption Commission (ACC) and the Insurance Development and Regulatory Authority to investigate the loss of Tk 104 crores to insurance customers. On March 27, a high court division bench consisting of Justice Md. Nazrul Islam Talukder and Justice Khizir Hayat gave an order on hearing the writ brought by Rahima Akhter on behalf of 14 customers of the company. Regarding thisIn the writ, 14 directors of the company including Finance Secretary, Chairman of Insurance Development and Regulatory Authority, Chairman of Anti-Corruption Commission, Chairman and Vice Chairman of Homeland Insurance were made defendants (respondents). According to various reports, Homeland Life Insurance is in the grip of fraud by a group of Sylhet expatriate directors in the company. This group was found to have fraudulently embezzled Tk 104 crore from the company’s funds. The search revealed such sensational information. This money is embezzled by fraudulently creating fake documents for purchase of land, creating commission and expenditure vouchers in other sectors. Documents show that non-existent land was purchased in the name of this institution. Again in the name of filling earth and cutting wire fence in that land. In the 131st board meeting of the company, the issue of loss of money also came up. Many of the affected customers said that they are being harassed by going to the head office of Homeland Life Insurance. They don’t pay. Even though we have ordered the concerned to dispose of our petition in the writ case in the High Court, they have not yet taken any positive action.

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