Kathmandu — The Gen-Z protests that began on Bhadra 23 have inflicted unprecedented damage across Nepal, leading to the highest initial insurance claims ever recorded in the country. According to the Nepal Insurance Authority, as of Ashoj 5, a...

Kathmandu – The initial insurance claims arising from the Gen Z protest that began on Bhadra 23 last month have reached Rs 22.2 billion, according to the Nepal Insurance Authority (NIA). As of Ashoj 5, a total of 2,478...

Kathmandu – Prime Minister Sushila Karki has expressed deep concern over the extensive vandalism and arson that affected the private sector during the recent Gen Z protest, pledging that the government is prepared to assist in its recovery. During...

Kathmandu – The recent protests on Bhadra 23 and 24 caused widespread riots, vandalism, and arson across Nepal, resulting in extensive damage to infrastructure, businesses, trade, and private property. Initial assessments indicate that insurance claims worth billions of rupees...

Kathmandu – The Gen Z protest, which began on Monday, Bhadra 23, has resulted in initial insurance claims totaling approximately NPR 21 billion, covering damages reported up to Bhadra 31. The widespread unrest saw police stations and other government...

Kathmandu — Billions of rupees in public investment have been placed at risk as IGI Prudential Insurance Company finds itself embroiled in controversy over its handling of claims related to the recent nationwide protests. Allegations have been raised against...

Kathmandu — Nepal Insurance Company Limited has extended the application deadline for the auction of its undistributed right shares. Initially set to close on Ashoj 5 (September 21), the deadline has now been pushed to Ashoj 8 (September 24),...

Kathmandu — Rajendra Malla, President of the General Insurance Association of Nepal (GIAN) and outgoing President of the Nepal Chamber of Commerce, has urged the government to create a conducive environment for settling insurance claims and covering expenses related...

Kathmandu – Himalayan Everest Insurance has initiated the process of settling claims for property damages incurred during the recent Gen Z protest. The company announced that it has prioritized a swift payout process to ease the difficulties faced by...

Kathmandu — IGI Prudential Insurance’s share price witnessed a sharp decline after the company received insurance claims totaling around 1.59 billion rupees for damages caused during the recent Gen Z protests. The claims cover 24 separate incidents reported by...