Tuesday, September 28, 2010

CLICO policy holders start receiving payment

Policyholders of the Colonial Life Insurance Company (CLICO) Guyana can now start breathing a sigh of relief as the liquidator has commenced payouts.
This was confirmed by Deputy Governor of the Bank of Guyana, Dr Gobin Ganga, yesterday.
According to Dr Ganga, these payouts will be made to those that have policies under $30M.
As it relates to the submission of bids for the assets he said that the closing date for bids was only on Friday and as such he was not in a position to comment given that he did not have the requisite information at hand.
A total of 11,290 policyholders with deposits and policies in the failed insurance giant are to be paid.


  1. the ppp continue to show more and more in the interest of the people getting there hard earn money back that they had lost when clico collapse.well the president once again set out to help the people get that has under 30million get there money back yesterday

  2. This is great..here we see clico keeping up their end of the bargain thanks to our president and his influence in making the process speed up so that these hardworking policy holders can receive wat is rightfully theirs....and people had doubts about this being a reality..all they needed was a little patience!!