Clal Insurance to refund about NIS 29 million in uncashed checks

In depth

The court approved a settlement in a class action against Clal Insurance, which concerns checks sent to policyholders that were never cashed.

According to Ice, the company committed to transfer the payments and credits digitally and directly by default. According to Bizportal, Clal Insurance will return about NIS 29 million over checks that were not cashed.