header banner
ECONOMY

Insurers asked to settle insurance claims related to disaster related damages with priority

KATHMANDU, Oct 1: The Nepal Insurance Authority (NIA) has asked the insurers to promptly respond to the insurance claims against the damages caused by the recent floods and landslides across the country.
By Republica

KATHMANDU, Oct 1: The Nepal Insurance Authority (NIA) has asked the insurers to promptly respond to the insurance claims against the damages caused by the recent floods and landslides across the country.


Related story

Insurance Board bars non-life insurers from distributing cash d...


The authority has directed all the insurance companies to collect information of the damages caused on human life and physical property by the disasters triggered by the incessant rainfall for four days starting last Thursday.  “We have instructed the insurers to collect necessary information as soon as possible. In addition, insurers are asked to settle the claims on priority basis related to the damages on assets, vehicles, agriculture produce and livestocks and engineerings, among others,” said an official of the NIA.

Related Stories
ECONOMY

Insurers settle Rs 789.30 million of Rs 12.26 bill...

ECONOMY

Complaints against insurers for delaying insurance...

SOCIETY

Insurers file petition at Supreme Court seeking re...

ECONOMY

Payment of COVID-19 insurance claims halted

ECONOMY

MoF indecision to settle claims against COVID-19 i...