Authority's instructions to postpone insurance claims for riots, only 45 thousand rupees have been paid till Wednesday
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On this Chait 15, an insurance claim equal to 4 crore 87 lakh 68 thousand rupees has been made for the damage caused in the riots of Rajawadi. As of Wednesday, 43 insurance claims equal to the mentioned amount have been filed. The authority said that the amount and number of claims will continue to come in.
According to the claims so far, 22 private vehicles, 16 houses and businesses (property), 3 engineering and contractor risks and 2 others have received a total of 43 claims. According to this, the highest number of claims are in property insurance. 3 crore 11 lakh 66 thousand rupees have been claimed in 16 applications. According to the authority, there have been claims worth Rs. 129 lakhs in motor insurance, Rs. 37 lakhs in 3 claims of engineering and contractor risk and Rs. 10 lakhs in miscellaneous. According to the authority, 45,000 rupees have been paid out of the claims made till Wednesday. Shikhar Insurance has paid the said claim.
The Nepal Insurance Authority has instructed to quickly settle the insurance claims due to the damage to the property of the insured due to the riots in various places in Kathmandu Valley. Sushiledev Subedi, executive director of the authority, said that all non-life insurance companies and non-life insurance companies have been instructed to submit the details of the damage caused by the riots on Chait 15 in Kathmandu Valley to the authority weekly on Wednesday of every week in the format of 'Excel spread sheet'.
It has been reported that damages worth crores of rupees have been caused by vandalism and arson in Tinkune, Koteshwar and other areas last Friday. Although the exact details are not available, the source said that Inspector General of Police Deepak Thapa briefed the Home Minister Ramesh Lakkar about the loss of crores of rupees during the Central Security Committee meeting.
Demonstrators vandalized and set fire to public and private properties, including houses where private offices were operating, the party office of the CPN United Socialist Party, the party office of the Maoists, and Bhatbhateni. We do not have the practice of insuring private houses and businesses except for mortgages for loans. Therefore, even if there is a large amount of damage, the insurance claim is likely to be very less,” said a chief executive officer of an insurance company.
The authority has said that since the collection of data on the insurance claims due to the riots has started, it will now be published on a weekly basis.
