THE increasing number of financial scams is putting a strain on the Ombudsman for Financial Services ( OFS ) to settle claims speedily . Not only has the number of scams increased , the cases have become increasingly intricate , often involving multifaceted schemes . Inevitably , the resolution of other claims , such as medical claim disputes , is therefore affected due to staff shortages . It could take up to a year to resolve a claim if you ’ re unlucky .
OFS Chief Executive Officer Marina Baharuddin said investigating these scam cases requires additional time as it gathered supporting documents and evidence from various entities such as banks , e-money issuers , third-party merchants , telecommunication providers , etc .
“ These scam cases frequently involve unique and evolving methods employed by perpetrators . Thus , we must thoroughly comprehend the precise sequence of events and circumstances leading to the compromise of bank accounts , e-wallets , or cards ,” she told The Health .
To manage the rising workload , the OFS has recruited new personnel and continuously evaluated the need for additional staff .
OFS ’ s Client Charter commits to a prompt and fair dispute resolution , aiming for resolution within three to six months , subject to case complexity . However , only 48 per cent of the cases were resolved within six months .
Despite these challenges , Marina reassured that most medical and other insurance / takaful cases are typically resolved within six months . “ OFS continues to adapt , recruiting additional personnel to address rising workloads and evolving dispute complexities .”
To reach an impartial resolution , OFS must obtain all required information and relevant documents from the parties involved . While the aim is to resolve disputes within the stipulated timeframe , timelines may vary depending on the case ’ s complexity .
ADDRESSING TRENDS AND CHALLENGES
Regarding the dispute resolution of cases that extend beyond the six-month mark , Marina emphasised the diverse complexities inherent in each case . “ Some cases may necessitate extensive investigation or negotiations , leading to resolutions surpassing the six-month mark .
“ Certain cases may necessitate further investigation or obtaining documents , such as medical reports from government hospitals , which could extend the resolution timeline to up to 12 months .
“ We may seek a legal opinion where necessary . If the requested information is not provided within the specified timeframe ( 14
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Marina Baharuddin
“ OFS is dedicated to continuously enhancing its processes and addressing customer feedback to ensure the optimal handling of medical claims .”
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