Insurers have paid just 4 percent of Bhotekoshi flood claims
Summary
Insurers have paid just Rs821.39 million, or about 4 percent, of the Rs20.9 billion in claims filed after the Bhotekoshi flood. The Nepal Insurance Authority says claims are still rising as payouts move slowly across property, motor, transit and other insurance categories.
Key Points
- Insurers have paid Rs821.39 million, or about 4 percent, of the Rs20.9 billion in claims filed after the Bhotekoshi flood.
- The Nepal Insurance Authority said the claims total has fluctuated since the disaster as more policyholders submitted applications and assessments progressed.
- Property insurance has the largest claim value, while motor insurance has the highest number of claims.
- Chanki Chhetri said payouts are progressing as access to affected areas improves and required procedures are completed.
