Of the total claims, it settled only 113 worth Rs12.91 million (1 percent of the claims amount), while 13 claims were invalid.
Shikhar Insurance is in the second position, with 1,344 claims worth Rs1.27 billion. It is followed by Premier Insurance. Everest Insurance received claims worth Rs 270.2 million, the least.
Total earthquake-related claims received by insurers, including life and non-life insurers, stand at Rs 14.54 billion. Of them, only claims worth Rs348.81 million have so far been settled.
The non-life insurers have received claims worth Rs13.86 billion, out of which only Rs286.6 million has been settled.
The IB’s record shows fire insurance also includes house insurance, almost all earthquake damage related claims have come from those who had got insurance coverage under fire insurance. Claims for house insurance stand at Rs12.80 billion.
It means the share of engineering and vehicle insurance claims is worth Rs 766.5 million and Rs 198.9 million, respectively.
Similarly, out of life-insurers’ Rs71.69 million claims, they have so far settled the claims worth Rs62.21 million. Of the nine life-insurers, Nepal Life Insurance is the top receiver of the claims
(35 claims worth Rs20.1 million). Met Life received insurance claims 123 claims worth Rs19.4 million.
source:the kathmandu post, 15 june 2015
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