Federal Insurance Ombudsman issues annual performance report

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Federal Insurance Ombudsman (FIO) Dr Muhammad Khawar Jameel has finalised the arrangements for the annual National Conference to be held from January 19-20 in Karachi.

Participation of all stakeholders, including representatives of insurance companies, banks and SECP was being ensured, he said, to get insurance claims as soon as possible to the flood victims across the country.

An awareness campaign for crops or livestock insurance would also be launched, he said. “This conference has nationwide importance. As compared to the previous year, 30 to 40 percent more complaints have been registered in the Federal Ombudsman’s offices, and the disposal of complaints has also increased by 50%”, he added.

Rs 1.93 billion were given as monetary relief to the people under insurance claims, last year.