CLICO International Life Insurance Limited (CIL) policyholders have been reminded to continue to pay their premiums.
However, the Barbados Investors and Policyholders Alliance (BIPA) is questioning this plea, suggesting that there were still some levels of uncertainty that surrounded the troubled company.
In a notice to policyholders published last Friday, the management and staff of the financially troubled company thanked the policyholders for their continued support “during the current restructuring of the company”.
“As previously advised by the Court-appointed judicial manager, existing policies remain in effect subject to premiums on such policies continuing to be paid by policyholders. We therefore encourage policyholders to continue with payment of premiums to avoid loss of benefits if an existing policy is cancelled due to nonpayment,” read the statement. (MM)
Full story in today’s DAILY NATION.
