MetLife Bangladesh, a leader of life insurance company has launched a unique initiative, 3-hour claim decision service for COVID-19 death claims with coverage up to Tk 20 lakh. With this fast track service, along with receiving the claim decision in 3 hours, beneficiaries of deceased policyholders will also receive the claim amount in 3 working days through Electronic Fund Transfer (EFT). Also read: MetLife Bangladesh gets new General Manager At this stage, the service is applicable for only individual policies, said a press release.  This 3-Hour Claims Decision service can be availed by sending an email to  [email protected] with a simple set of documents. Beneficiaries will receive SMS notifications on the progress of their claim requests. More information will be available at its webpage: https://www.metlife.com.bd/three-hour-claims0/ Read IBBL gets insurance claims for deceased employees

Inter-bank cheque settlement and electronic fund transfer system of Bangladesh Bank remained suspended  since Tuesday last due to a technical fault in the optical fiber of Bangladesh Telecommunications Company Limited (BTCL). According to official sources at the BB, one of the two servers, one located at the central bank and another at Bangladesh Bank Training Academy in Mirpur, became inoperative resulting in disruption in the electronic fund transfer inter-bank cheque settlement.    Also read:Banks to operate from 10am to 1 pm for general transactions ... Contacted Bangladesh Bank Spokesman Sirajul Islam said that the technicians of both BB and BTCL have been making their all-out efforts to resolve the problem. “But it is not possible to say when the problem will be resolved,” he said.  Official sources said the cheque clearing house at Bangladesh Bank was asked by the authorities to stop its function following the order of the government on lockdown. Also read:Lockdown: Banks to operate from 10am-12:30pm for general ... But after the change in the decision, when the clearing house was asked to resume system, it started experiencing problem in the server, said a source at the BB.