Gen Z Movement: Payment of more than five billion claims for material and other damages
Summary
Over Rs 5.18 billion has been paid in insurance claims for material and other damages sustained during the Gen Z movement in Nepal, with payments covering property, motor, engineering, transport, and other insurance sectors.
Key Points
- Rs 5.18 billion has been paid out of Rs 23.45 billion claimed in insurance for damages during the Gen Z movement.
- A total of 3,303 insurance claims have been filed in Non-life Insurance Companies.
- Rs 3.82 billion was paid for property insurance and Rs 1.22 billion for motor insurance claims.
- Nepal Reinsurance Company has paid about Rs 3.2 billion in reinsurance claims to Non-life Insurance Companies related to the Gen Z movement damages.
