Shikhar Insurance Pays Rs 300 Million in Claims After Gen-Z Protests

Kathmandu – Shikhar Insurance has announced that it has paid out insurance claims worth nearly Rs 300 million to more than 40 insured clients whose properties were damaged during the Gen-Z protests on Bhadra 23 and 24.

The company said the swift settlement reflects its commitment to providing customer-friendly services and ensuring quick relief in times of crisis. “To make the claim process easy and simple, the company has been providing simplified procedures, digital services, as well as claim help desks and fast monitoring services,” Shikhar Insurance stated. It added that company staff and surveyors were deployed directly on-site to assess damages and assist customers.

The insurer emphasized that timely compensation is crucial not only for insured clients but also for supporting broader economic activities and national reconstruction. Shikhar Insurance, which has previously been recognized for its transparent and efficient settlement of claims during the 2072 earthquake and last year’s floods, said it aims to strengthen customer trust further.

The company has also stated that it has prioritized simplicity, speed, and transparency, committing to provide immediate relief in adverse situations while supporting the nation’s economic development.