The procedure to pay the insurance money to the victims of the US - Bangla plane crash will start by April 15.
Sources said the process to pay the money might get delayed if problems arise regarding the identity of any victims or their successors.
However, the amount of money to be paid to the victims is yet to be finalized.
Sena Kalyan Insurance Company Limited Chief Executive Officer (CEO) Brig Gen (retd) Shafique Shamim said: “We
are making an effort to pay some of the victims the insurance money by April 15.
“We cannot say at the moment how much money the families will get. â€
“We have reinsured with the largest insurance company in the London market in compliance with the government’s insurance policy, †he said.
Sources said victims or victims’ families will be given the compensation under the Warsaw Convention and the damages will be determined based on a number of issues like social and financial status, age, family and circumstances of loss of the victims.
US - Bangla is insured with a domestic and a foreign insurance company.