Rasuwa Flood Insurance Payouts Exceed Rs 821 Million as Claims Top Rs 20.9 Billion

Kathmandu — Insurance companies have paid more than Rs 821.3 million, including advance payments, to settle claims for damage to physical infrastructure, vehicles and other property caused by the devastating floods in the Bhotekoshi and Trishuli rivers in Rasuwa on August 26.

According to the Nepal Insurance Authority, insurers have received preliminary claims worth Rs 20.90 billion for flood-related losses. A total of 2,491 claims have been registered so far, while payments remain relatively low compared with the initial claimed amount.

Himalayan Everest receives the largest claim amount

Himalayan Everest Insurance has received the largest claim amount, with 209 policyholders filing claims worth Rs 6.62 billion. The company has paid Rs 232.3 million so far.

Sanima GIC Insurance has received claims worth Rs 3.43 billion from 192 policyholders but has paid only Rs 7.6 million to date.

Shikhar Insurance has received claims worth Rs 2.64 billion from 459 policyholders and paid Rs 214.7 million.

Sagarmatha Lumbini Insurance has received claims worth Rs 1.76 billion and paid Rs 266.3 million, the highest payout among the insurers listed.

Similarly, Siddhartha Premier Insurance has paid Rs 8 million, Neco Insurance Rs 5.7 million, IGI Prudential Insurance Rs 16.3 million, United Ajod Insurance Rs 25.4 million and The Oriental Insurance Rs 43.6 million.

Property insurance accounts for the largest claims

By insurance category, property insurance accounts for the largest claim amount. A total of 576 policyholders have filed claims worth Rs 9.56 billion, of which Rs 162.8 million has been paid so far.

Engineering and contractor’s risk insurance has recorded claims worth Rs 4.40 billion from 174 policyholders. Payments under this category have reached Rs 174 million, according to the authority.

Motor insurance has recorded the highest number of claims, with 1,067 cases. Claims under this category total Rs 2.85 billion, of which Rs 236.6 million has been paid.

Transport insurance has received claims worth Rs 2.34 billion, with payments reaching Rs 238.9 million.

Although preliminary claims for flood-related damage are substantial, payments made so far remain comparatively low. The total amount paid could increase as insurers continue assessing outstanding claims and processing settlements.