Gen Z Protest Causes Over 23 Billion NPR in Non-Life Insurance Claims
Summary
The Gen Z protest on Bhadra 23 and 24 has triggered more than Rs 23.19 billion in non-life insurance claims across Nepal, with insurers already paying out over Rs 8.82 billion. Bagmati Province alone accounts for more than 77 percent of the total claims, while property and motor insurance make up the largest share of losses.
Key Points
- A total of 3,390 non-life insurance claims worth Rs 23.19 billion have been filed nationwide after the Gen Z protest.
- Insurance companies have already paid Rs 8.82 billion, including advance payments, for more than 38 percent of the claimed amount.
- Property insurance accounted for the biggest losses at Rs 18.70 billion, followed by motor insurance with Rs 3.50 billion in claims.
- Bagmati Province alone accounts for more than 77 percent of all claims, with the capital area suffering the greatest damage.
