Insurers Pay Over Rs 23 Billion in Claims in Three Months; More Than Rs 70 Billion Still Outstanding

Kathmandu — Insurance companies in Nepal paid more than Rs 23 billion in claims during the first three months of the current fiscal year 2026/27 (mid-July to mid-October). According to data from the Nepal Insurance Authority, life and non-life insurers settled claims worth a combined Rs 23.01 billion by mid-October.

During the review period, life insurance companies paid Rs 15.11 billion for 77,709 claims. Compared with the same period last fiscal year, the number of life insurance claims settled increased by 32.02 percent, while the amount paid rose by 30.52 percent.

However, a substantial amount remains outstanding in the life insurance sector. According to the Authority, 123,484 claims worth Rs 9.92 billion were still awaiting settlement as of mid-October. The pending amount represents a 101.92 percent increase compared with the same period last year.

Similarly, non-life insurance companies settled 41,394 claims and paid Rs 7.90 billion by mid-October. Compared with the corresponding period last fiscal year, the number of non-life claims settled increased by 26.92 percent, while the amount paid rose by 40.12 percent.

The outstanding claims figure is even larger in the non-life insurance sector. By mid-October, 113,025 claims worth Rs 60.06 billion remained unpaid. The pending amount represents a 15.04 percent increase compared with the same period last year.

Overall, life and non-life insurers paid more than Rs 23 billion in claims during the first quarter of the current fiscal year. However, nearly Rs 70 billion in claims remains outstanding across both sectors, with the non-life insurance sector alone accounting for over Rs 60 billion.