Kathmandu. Nepal Insurance Authority (NIA) has issued a 3-point directive regarding the payment of claims for property damaged during the Zenji agitation.
The NRA has issued directives in the name of re-insurer, non-life insurance and micro life insurance. In order to implement the decision of the Council of Ministers on September 22 to provide relief, tax exemption, concessions and facilities to the industries, trade, business establishments and economic activities affected by the Jenji agitation, the NRA has issued a directive regarding the payment of claims of insured buildings, vehicles, goods, goods and equipment and other goods affected by the extraordinary situation created during the agitation. Yes.
Here are the instructions
- Arrange for the payment of claims by ascertaining the damage by deploying a surveyor of the damaged property,
- Provision to pay the maximum amount of 50% of the estimated liability for insurance on the basis of the preliminary assessment report of the damage as soon as possible,
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In case the insurer asks for money from the concerned reinsurance company for the payment of the claim, an arrangement shall be made to provide a maximum of 5 TAG_OPEN_li_11 0 percent of the estimated reinsurance liability as an advance payment as soon as possible.
