Floods in the Bhotekoshi and Trishuli rivers have caused massive damages, leading to an estimated insurance claim of over Rs 25.87 arba in various non-life insurance companies.
According to the early data received by Nepal Insurance Authority until Bhadra 15, a total of 583 insured persons and businesses got affected by the floods. The initial estimate shows that total insurance claims for their damages might reach around Rs 25 arba 87 crore 35 lakh.
Oriental Insurance Faces the Largest Claim
Looking at the reports, the biggest insurance claim is expected to fall on The Oriental Insurance Company. For this company alone, the initial claims are estimated to be around Rs 13 arba 4 crore 21 lakh. Similarly, United Ajod Insurance is looking at claims of Rs 4 arba 97 crore 48 lakh, while Sanima GIC Insurance might face claim of Rs 2 arba 10 crore 28 lakh.
Other insurance companies are also receiving big claims. Siddhartha Premier Insurance has an estimated claim of Rs 1 arba 88 crore 73 lakh, and Shikhar Insurance is closely behind with Rs 1 arba 87 crore 54 lakh. Himalayan Everest Insurance is expecting claims of Rs 64 crore 78 lakh, Neco Insurance might get Rs 51 crore 70 lakh, Sagarmatha Lumbini Insurance is at Rs 24 crore 23 lakh, and Nepal Insurance has claims estimated around Rs 23 crore 86 lakh.
Additionally, initial data shows that IGI Prudential Insurance is expecting claims of Rs 18 crore 73 lakh, NLG Insurance has Rs 11 crore 31 lakh, and Prabhu Insurance is looking at Rs 3 crore 12 lakh. For some other companies, the claims are comparatively lower. Rastriya Beema Company has claims of Rs 76 lakh, National Insurance has Rs 53 lakh 35 thousand, and Nepal Micro Insurance has received claim of Rs 5 lakh.
Since this information is strictly based on the early data collected up to Bhadra 15, the actual amount of insurance claims will only be finalized after a detailed assessment of the damages and completion of official claim settlement process.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
