KATHMANDU: Insurance claims worth Rs 22.26 billion have been filed for damages caused during the recent Gen-Z protests, according to the Insurance Board of Nepal.
The highest number of claims has come from Bagmati Province, totaling Rs 17.98 billion across 1,343 applications. In total, 2,478 claims have been submitted to 18 insurance companies, including micro-insurance firms.
The claims relate to incidents of arson and property destruction that occurred on September 8 and 9, affecting both public and private property. The Insurance Board clarified that claims have been filed specifically for damages to private assets.
Given the extensive material damage, the total claim amount is expected to rise further. Among the insurance companies, Oriental Insurance received claims worth Rs 5.23 billion, while Siddhartha Insurance recorded claims totaling Rs 5.08 billion.
By type, claims include 538 for property insurance, 1,778 for motor insurance, 132 for engineering and contractor risk, 11 for transport insurance, and 19 for other categories.
By province, claims have been filed as follows: Koshi – 322, Madhesh – 246, Bagmati – 1,343, Gandaki – 184, Lumbini – 202, Karnali – 22, and Sudurpashchim – 159, the Insurance Board reported.
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