The association has made it clear that after assessing the damage to the insured property as soon as possible, the claim payment process will be concluded as soon as possible based on the damage description.
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Nepal Non-Life Insurance Professionals Association has stated that it is committed to bring the claims payment process to an early conclusion. The association has also requested the relevant agencies to proceed with the process along with the actual details of the damage to the insured vehicles and physical structures.
In the context of the increasing importance of insurance in the current situation, the statement issued by the association stated that the insurance companies are fulfilling their social responsibility and are rapidly advancing the necessary process for the compensation of the insured. The association has made it clear that after assessing the damage to the insured property as soon as possible, the claim payment process will be concluded as soon as possible based on the damage description.
The Nepal Non-Life Insurance Professionals Association has issued a press release and has paid heartfelt tributes to those who lost their lives during the ongoing protests across the country. The association expressed its deep condolences to the victim's family and wished for the speedy recovery of the injured. Expressing deep sorrow for the damage to physical structures such as the presidential building, parliament building, security agencies, administrative structures, private property, industry, trade, transportation, etc., during the
movement, the association has called on the insurance companies to prioritize the payment of claims during this crisis and to work with the subordinate agencies. Rajendra Malla, president of
association, has appealed to the insured to submit the necessary documents along with the details of their losses to the insurance company as soon as possible to facilitate the claim process. In addition, insurance companies are also working with the aim of completing the claim payment process quickly, Chairman Malla said.
President Malla said that the experience after the earthquake of 2072 and the covid epidemic made the need and utility of insurance seriously felt, the activity of insurance companies in the current situation is positive and promising.
