Siddhartha Premier Insurance Pays Over Rs 3.2 Billion in Claims, Prioritizes Flood and Landslide Settlements

Kathmandu — Marking its anniversary with a significant milestone, Siddhartha Premier Insurance Limited has announced the settlement of over Rs 3.2 billion in insurance claims during the fiscal year 2081/82. The company processed a total of 17,730 claims over the year, surpassing the number of claims registered, which stood at 17,156—highlighting the company’s commitment to prompt and efficient service delivery.

Of the total claims paid, a notable Rs 1.21 billion was disbursed against 456 claims arising from devastating floods and landslides that occurred in the last year. However, the company reported that 46 flood and landslide-related claims are still pending, awaiting completion of the necessary documentation.

Currently, Siddhartha Premier has 4,380 unsettled claims in its portfolio. According to company officials, efforts are underway to resolve these as swiftly as possible. The company clarified that many of the delays are due to the insured’s failure to submit the necessary documents. In this regard, insured individuals have been requested to promptly submit the required documentation to the designated surveyors, branch offices, provincial offices, or the head office to expedite the claim process.