The Nepal Insurance Authority has released updated data regarding insurance claims filed for damages caused by the Bhotekoshi and Trishuli river floods that occurred on Bhadra 10.
Updated Claim Figures
According to the latest details from Ashoj 12, 2083, the Nepal Insurance Authority has revised its initial estimates. The total estimated claim amount is now set at Rs. 20 arba 98 crore 87 lakh. Previously, the authority had released an estimate of Rs. 25 arba 87 crore 35 lakh based on 583 potential claims as of Bhadra 15. While the number of total claims has risen to 2,180, the overall estimated value has dropped to around Rs. 21 arba.
The authority data shows that only a total of Rs. 67 lakh 48 thousand has been paid so far, which include the advance payments.
Claims by Insurance Companies
Looking at company-wise data, Himalayan Everest Insurance received the largest amount of claims. They have 159 claims with an estimated value of Rs. 6 arba 27 crore 51 lakh. Sanima GIC Insurance follows with 242 claims worth Rs. 3 arba 50 crore 79 lakh. Shikhar Insurance leads in terms of the number of claims, having received 401 cases totaling Rs. 2 arba 99 crore 54 lakh. Shikhar has already paid Rs. 26 lakh 62 thousand to the insured person.
Category of Insurance Claims
Property insurance has the highest claim amount. There are 518 claims under this category amounting to Rs. 9 arba 41 crore 58 lakh, out of which Rs. 38 lakh 14 thousand is already paid. Engineering and contract risk insurance covers 165 claims worth Rs. 4 arba 41 crore 45 lakh, which includes damages to infrastructure and hydropower projects. Motor insurance has the most claims by count, with 1,066 cases worth Rs. 3 arba 7 crore 93 lakh, and Rs. 24 lakh 10 thousand has been paid so far. Additionally, marine insurance has 104 claims with an estimated damage of Rs. 2 arba 48 crore 51 lakh.
The authority says the claim amount may increase because site inspections and damage assessments are still happening in flood-affected areas. They have instructed non-life insurance companies to provide easy and fast payments to the affected victims.
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.
