Salico pays over Rs 26 crore in insurance claims in Rasuwa flood-affected areas within two months

Kathmandu. Sagarmatha Lumbini Insurance Company (Salico) has paid a total of Rs 26 crore 9 lakh 22 thousand 234.75 under its insurance liability in the Rasuwa flood-affected areas within two months. According to details as of October 29, the company has made the payment.

With the objective of providing financial relief to the insured in the affected areas and helping reduce the economic burden of damage, the company has so far made an advance payment of Rs 23 crore 5 lakh 39 thousand 782.75 and paid insurance claims amounting to Rs 3 crore 3 lakh 82 thousand 452.

To make the claim payment process more convenient, effective, and faster, the company has requested the concerned insured and service recipients to provide the necessary documents as soon as possible. The company stated that timely receipt of necessary documents will help accelerate the claim assessment and payment process.

The role of the insurance sector remains important in minimizing the economic impact that natural disasters can have on businesses, property, and people's lives. In this context, Salico has been fulfilling its responsibilities with a commitment to further strengthening trust in insurance by providing financial assistance to affected insured persons.

Salico has been working with the objective of standing by the insured and the community in difficult disaster situations, providing financial security, and supporting restoration and reconstruction efforts.