Port-of-Spain: The Ministry of Finance says it has paid out $33 million to Clico's Executive Flexible Premioum Annunity (EFPA) policyholders.
The ministry today issued a statement saying that the amount represents payments to date to 1,053 eligible payees with contracts of $75,000 or less.
Over 80 percent of persons have chosen to have their payments deposited directly into their bank accounts and the Ministry says this has been successfully completed.
It says the processing of application forms started on Thursday 10th March, 2011 at centres throughout Trinidad and Tobago.
Currently persons with surnames starting with initials A-J are being processed while persons with surnames starting with K-L will be processed from Monday 28th March, 2011.
The deadline for the submission of application forms is September 30th, 2011.
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