Shikhar Insurance Sets Record by Settling Tinkune Incident Claims Within 13 Days

Kathmandu — At a time when delays in insurance claim settlements are often the norm, Shikhar Insurance Company has set a new benchmark by clearing all claims related to the Tinkune incident of Chaitra 15 within just 13 days.

According to the Insurance Authority, Shikhar Insurance received five claims related to property damage caused by vandalism and arson during the unrest in Tinkune. Demonstrating swift response and efficiency, the company successfully settled all claims amounting to a total of Rs 549,421, with Rs 498,213 paid specifically for physical property damage. This makes Shikhar the first and only insurer to have completed 100 percent of its claim payments for the incident so far.

While 50 insurance claims have been registered across various companies in connection to the incident, none besides Shikhar Insurance have completed their payments yet. However, several companies have begun the claim settlement process.

Among the highest claim amounts filed, Rastriya Beema Company received the largest claim of Rs 12.7 million, followed by Siddhartha Premier Insurance with Rs 11.7 million. Other insurers with significant claim volumes include Salico Insurance (Rs 7.5 million), Neco Insurance (Rs 5.2 million), The Oriental Insurance (Rs 4.7 million), Himalayan Everest Insurance (Rs 2.2 million), Nepal Insurance (Rs 8.7 million), Sanima GIC (Rs 6 million), and Prabhu Insurance (Rs 5 million).