Rs. 5.48 billion insurance amount paid for losses incurred during Gen Z movement

Kathmandu, Jan. 1

The non-life insurance companies have paid around Rs. 5.48 billion so far to the insured parties, including advance payments, out of a total of 3,316 insurance claims related to physical and other losses incurred during the recent Gen Z movement.

The total claimed amount is about Rs. 23.47 billion.

According to the updated data submitted by 14 non-life and four micro non-life insurance companies to the Nepal Insurance Authority (NIA), the total amount paid by insurers, under property insurance, is Rs. 3.93 billion. It is out of 712 claims with a total claimed amount of approximately Rs. 19.05 billion.

Under motor insurance, out of 2,321 claims with a total claimed amount of approximately Rs. 3.46 billion, around Rs. 1.39 billion has been paid.

Similarly, 226 claims were made under engineering and contractors’ all-risk insurance. In this category, while total claimed amount was Rs. 553.9 million, only Rs. 83.6 million has been paid. Under transit insurance, out of 12 claims with a total claimed amount of approximately Rs. 16.9 million, around Rs. 15.5 million has been paid.

Meanwhile, Rs. 3.02 billion in reinsurance claims has been paid to insurers, including advance payments, the NIA informed in a statement on Thursday.

"For the settlement of insurance claims related to physical and other losses incurred during the Gen Z movement, Nepal Reinsurance Company has paid reinsurance claims to non-life insurance companies amounting to Rs. 3.02 billion, including advance payments," it said.

According to updated data received from the company, a total of 2,863 reinsurance claims have been submitted to it by 14 non-life insurance companies, with a total reinsurance claim amount of Rs. 16.62 billion.

Published in The Rising Nepal daily on 2 January 2026.