Kathmandu. At least 10 people were killed when an avalanche hit Broad Peak, the world’s 12th highest mountain in Pakistan’s Karakoram range, on Monday.

Among the dead, 5 were Nepali nationals. Neco Insurance has paid the insurance premium of trekking and expedition insurance to the family members of Gyalu Sherpa and Nagang Thindu Sherpa, who died in the accident. The trekking and expedition insurance was provided by Seven Summit Treks Pvt. Ltd.

Neco Insurance has paid the insurance claim after completing the necessary process and after prompt investigation and evaluation of the claim. The main objective of the insurance is to provide financial relief and support to the insured families in the difficult times of disaster.

Thaneshwor Guragain, Managing Director of Seven Summit Treks Pvt. Ltd. expressed happiness over the prompt claim payment by Neco Insurance Limited, “Sherpas are the backbone in the trekking and expedition business. In such a difficult situation, Neco Insurance’s prompt and easy claim payment has come as a big relief to the victim’s family. For this, we are thankful to Neco Insurance. ”

Deputy Chief Executive Officer of Neco Insurance Limited, Pawan Thapa said insurance is not only a means of risk transfer but also a means to provide financial security to the insured and their families in the event of accidents and disasters.

Neco Insurance has expressed its commitment to provide fast, simple and effective claim service to the insured and its customers in the days to come.