In a significant development for thousands of policyholders, the Grenada Supreme Court has approved an initial distribution of approximately EC$9.5 million to CLICO International Life (CIL) policyholders, marking a long-awaited step toward financial recovery. The decision, announced on 12 May 2025, comes 14 years after the company’s collapse in 2011, which left many Grenadian families without life insurance benefits and retirement savings. Despite this progress, the payout represents only 6.59% of the total admitted claims, which amount to EC$144.9 million. The distribution follows a small claims scheme, with claims under EC$50 receiving no payment due to high processing costs, while claims between EC$50 and EC$1,000 will be paid in full. Policyholders with claims between EC$1,000 and EC$15,576 can choose between a lump sum payment of EC$1,000 or 5.5% of their total claim amount, while claims over EC$15,576 will receive 5.5% of their claim value. The Grenada Authority for the Regulations of Financial Institutions (GARFIN) has urged policyholders to review correspondence and respond promptly if they have not received personalized letters by 31 October 2025. The Judicial Manager has also launched a dedicated website to provide updates on the ongoing judicial process, ensuring transparency and communication with affected parties.