Insurance Claims for Flood Damage Reach NPR 21 Billion

Kathmandu. The claim filed with insurance companies for the physical and economic damage caused by the devastating floods in the Bhote Koshi and Trishuli rivers on August 10 has reached NPR 21 billion. According to the Insurance Authority of Nepal, as of last date, 2,421 claims have been registered with various general and micro-insurance companies. The preliminary report submitted to the authority estimates a total loss of NPR 20.9049 billion against these claims. As of September 30, insurance companies have already paid NPR 821.39 million in advance and final claims. This is the data as of September 30. The authority stated that the offices only reopened on Monday after the Dashain holiday, so insurance companies still need to update the details.

Most Claims in Property Insurance, Highest Number in Motor