Nepal Insurance Authority/Image for representation
KATHMANDU: Insurance claims totaling Rs 11.82 billion have been filed for reimbursement following the monsoon-induced disasters that struck on September 27 and 28.
According to the Nepal Insurance Authority, by mid-November, Rs 610.79 million had been disbursed to victims based on loss assessments.
A total of 3,418 applications have been submitted for insurance compensation, with Siddhartha Premier Insurance Company receiving the highest number of claims, totaling 501.
Other insurers have also reported substantial claim submissions: The Oriental Insurance Company received 176 applications, Sagarmatha Lumbini Insurance Company received 377, Himalayan Everest Insurance Company received 243, and NECO Insurance received 219 claims.
Additionally, United Ajod received 323 applications, Sanima GIC received 217, and IGI Prudential received 296 claims.
Claims have also come from other companies, including National Insurance, ALG, Nepal Insurance, Rastriya Beema Company, Star Micro Insurance, Trust Insurance, Nepal Micro Insurance, and Protective Micro Insurance.
As of now, 902 claims have been reimbursed. The total claims amount to Rs 8.75 billion; however, only Rs 467 million has been paid out to date.
