Guardian Life settled over 1,50,000 claims last year

Guardian Life settled over 1,50,000 claims last year

Guardian Life Insurance Limited settled over 150,000 insurance claims in 2024. The company has been able to win the trust of its customers by efficiently settling 95 percent of claims within only 3 working days. Of those, more than 241 crores of taka were paid as claims for 36 thousand deaths. Meanwhile, 109 crores of taka were paid for health and medical expenses, while over 89 crores of taka were settled for policy maturity and other claims. In 2024, the insurance company cumulatively settled insurance claims worth 439 crores taka.
Sheikh Rakibul Karim, FCA, Additional Managing Director and Acting Chief Executive Officer of Guardian Life Insurance Limited, remarked, “At Guardian Life, we are committed to the vision of Insurance for All and have already extended coverage to over 1 crore 26 lac individuals. Building customer trust through transparency and accountability is key to transforming the insurance sector, reinforced by our strict zero tolerance policy.
Ensuring quick and transparent claim settlements is our top priority. While most claims are settled within three days, we continuously enhance our technology and operational efficiencies to accelerate the process even further. This proves that life insurance is not just about protection—it is also a promise to bring positive change to people lives.”