Banks and insurers ready to offer relief to families affected by Nepal-China floods, says BNM
KUALA LUMPUR, Oct 3 — Financial service providers stand ready to extend appropriate relief and support to the fami...
KUALA LUMPUR, Oct 3 — Bank Negara Malaysia (BNM) announced that financial institutions are prepared to provide relief and support to the families impacted by recent floods along the Nepal-China border, adhering to relevant laws and regulations. The central bank outlined that assistance could encompass repayment delays, fee waivers, and flexible documentation requirements until legal procedures are finalized.
BNM also suggested that financial entities prioritize the evaluation of insurance and takaful claims, as well as the processing of policy or certificate statuses to cater to the specific requirements of affected families. Next of kin of the deceased Malaysians are encouraged to contact the relevant financial institutions for necessary aid.
BNM emphasized its commitment to collaborate with financial institutions to ensure prompt support for those affected by the disaster.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
