Flood insurance claims cross Rs. 25.8 billion
Summary
Insurance companies have received 583 claims worth Rs. 25.87 billion after the Bhotekoshi flood and related disasters. Engineering and contractors’ risk insurance made up the largest share, while The Oriental Insurance Company reported the highest claim amount among individual insurers.
Key Points
- Insurance companies have received 583 claims totaling an estimated Rs. 25.87 billion following the Bhotekoshi flood and associated disasters.
- Engineering and contractors’ risk insurance accounted for the largest share of claims at Rs. 20.51 billion across 52 claims.
- The Oriental Insurance Company reported the highest claim amount among individual insurers at Rs. 13.04 billion from eight claims.
- Other major insurers including United Ajod Insurance, Sanima GIC Insurance, and Siddhartha Premier Insurance also reported large claim volumes.
