KUALA LUMPUR: At least 12 policies related to the Malaysians who went missing following the Nepal flash floods have been fully settled and paid to the next-of-kin, the General Insurance Association of Malaysia (PIAM) announced on Friday (Nov 6).
Its chief executive officer Chua Kim Soon said preliminary records also found that there were more than 50 insurance policies related to the incident.
"We expect more of these matters to be resolved in the coming weeks. We will also continue providing support to the next-of-kin of those missing," he told reporters.
He added that the more than 50 insurance policies do not immediately refer to 50 separate individuals.
According to Chua, the identified policies include travel insurance, annual personal accident insurance and group personal accident coverage.
Chua assured that the insurance industry has been working with Bank Negara to reach out to the next-of-kin and family members of the missing Malaysians.
"We want to make sure that if there are any insurance policies, the claims will be expedited as fast as possible.
"The biggest challenge still remains about these individuals' status," he said.
He also said those requiring further support on insurance claims can reach out to PIAM for assistance.
On Aug 26, devastating flash floods struck the Nepal-China border, killing more than 1,400 people to date, while thousands more remain missing.
According to an analysis by the United States Geological Survey, the collapse of a Himalayan glacier was believed to have triggered the incident, generating energy equivalent to a magnitude 5.2 earthquake.
A total of 54 Malaysians remain missing following the tragedy.
COMPLI
Keywords: Nepal Flash Floods, General Insurance Association, Chua Kim Soon, Bank Negara, Insurance Claims, Missing Malaysians, Disaster Relief, Travel Insurance, Himalayan Glacier, Flood Victims
