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About Rs 3.75 billion insurance claim paid for damage caused by Genji agitation

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. The claim payment of non-life insurance companies for physical and other damages during the Genji agitation has reached about Rs 3.75 billion. Around Rs 3.23 billion was claimed for the damage caused by the protests. Out of this, claims have been paid to 2.79 billion insured persons.

According to the latest data received from the non-life insurance companies at the Nepal Insurance Authority, out of the total claim amount paid by the insurance companies, about Rs 19.01 billion has been paid for 673 claims towards property insurance, about Rs 2.27 billion out of claim amount and about Rs 3.44 billion has been paid for 2,270 claims towards motor insurance TAG_OPEN_div_28 ।

Similarly, 192 claims under engineering and contract risk insurance amounted to Rs 36.79 crore, out of which about Rs 4.62 crore has been paid and about Rs TAG_OPEN_div_26 38.72 crore for 40 claims under other insurance, about Rs 2.2 million has been paid in advance. In the transport insurance category, the claim amount of 12 claims is about Rs 1.66 crore.

Among the non-life insurance companies in the province, Koshi Province has 392 claims of about Rs 2.32 billion out of claim amount, about Rs 31.84 crore out of claim amount of Rs 700.4 million in Madhes Province and about Rs 2.15 billion out of 17.61 billion claim amount in Bagmati Province The money has been paid.

Similarly, Gandaki Province has about Rs 151.8 million out of the claim amount of Rs 1.69 billion for 216 claims, Lumbini Province has about Rs 87.8 million out of 257 claims of Rs 474.4 million, Karnali Province has about Rs 90 million out of 28 claims and Sudurpaschim Province has about Rs 326 million out of 204 claims TAG_OPEN_div_22 The data has been received from the non-life insurance companies that out of the claim amount, about Rs 2.72 crore has been paid in advance.

According to the updated data, a total of 3,187 insurance claims of 14 non-life insurance companies and 4 micro non-life insurance companies for physical and other damages caused during the Gen-G agitation amounted to about Rs 23.23 billion.TAG_OPEN_div_20

KATHMANDU: Nepal Reinsurance Company (NBIN) has provided an advance payment of Rs. 1.TAG_OPEN_div_18 99 billion to non-life insurance companies for payment of insurance claims for physical and other damages incurred during the Gen-G agitation. Nepal Reinsurance Company has a total of 2,868 reinsurance claims amounting to Rs 16.05 billion.

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