Insurance companies compensating for damages

Kathmandu, Oct. 10

Of the total insurance claims of approximately Rs. 23.23 billion for physical and other damages during the recent Gen Z protests in the country, 653 claims have been filed under property insurance, with a total claim amount of around Rs. 19.06 billion.

As of now, insurance companies have paid out about Rs. 1.32 billion, including advance payments, for property insurance claims, the Nepal Insurance Authority (NIA) informed on Friday.

For the evaluation and monitoring of property insurance claims, insurance surveyors have been deployed for 598 claims, with 52 survey reports received to date.

In the case of motor insurance, 2,206 claims have been filed, amounting to approximately Rs. 3.41 billion. Insurance companies have paid out around Rs. 249.1 million in claims, including advance payments.

To assess and monitor damages to vehicles, surveyors have been assigned to 1,939 claims, with 314 survey reports received so far.

Likewise, the NIA said in a statement that for engineering and contractor risk insurance, 190 claims have been filed, with a total claim amount of around Rs. 38.3 million. Insurance companies have paid out approximately Rs. 8.7 million, including advance payments, under this category.

Surveyors have been deployed for 126 claims related to engineering and contractor damages, with five survey reports received to date.

In transportation insurance, 12 claims have been filed, amounting to approximately Rs. 16.3 million. Insurance surveyors have been assigned to 11 claims for evaluation and monitoring of transportation damages.

For other insurance categories, 38 claims have been filed, with a total claim amount of around Rs. 35.37 million. To date, around Rs. 550,000 has been paid out in claims under these categories. Insurance surveyors have been assigned to 36 claims, with three survey reports received so far.

Similarly, a total of 3,099 claims have been filed across 14 life insurance companies and four small life insurance companies.

Insurance companies have paid out around Rs. 1.58 billion, including advance payments, from the total claim amount received.

For the evaluation and monitoring of claims related to physical and other damages during the protests, surveyors have been assigned to 2,710 claims, with 374 survey reports submitted to date.

The NIA said that it is prioritising the protection of policyholders' interests and has been directing insurance companies to make the insurance claim process for physical and other damages during the recent protests efficient, transparent, and effective.

  Published in The Rising Nepal daily on 11 October 2025.