Of the claims paid until last week, the highest amount of Rs 3.82 billion was under property insurance (household property). Property insurance includes fixed assets including houses and apartments.
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Of the claims for physical infrastructure damage that occurred during the Genji movement and demonstrations on Bhadra 23 24, insurance payments of Rs 5.18 billion 4.1 million have been made so far. Of the claims for damage worth Rs 23.44 billion 9.7 million, insurance payments worth Rs 5.25 billion have been made as of last week.
The authority has clarified that this amount includes advance payments. The payment amount is only about 22.10 percent of the total claims. Till last week, 3,303 claims have been filed with insurance companies. The regulatory body, the Insurance Authority, has stated that the claims paid by insurance companies are satisfactory.
The highest claim payment of Rs 3.82 billion 10 lakh has been made under property insurance (household property) till last week. Property insurance includes houses, apartments and other fixed assets. This insurance has received claims worth Rs 19.28 billion in 710 claims. After property insurance, motor insurance has received the most payments. Of which, Rs 1.21 billion 7.6 million has been paid.
Rs 74.9 million has been paid in contractor and engineering insurance, Rs 15.4 million in transit insurance and Rs 54.9 million in other insurance. Insurance companies have reported that only a small number of claims have been covered, particularly due to the lack of assessment and procedural work for large losses.
