Kathmandu. The Nepal Insurance Authority (NIA) is preparing to implement a separate ‘Claim Procedure’ to provide quick and hassle-free insurance claim payment to the victims of the devastating floods in Rasuwa on August 26. <\/p>\n
According to the guideline, the victims who lost their insurance documents due to the massive snowfall in the Bhotekoshi River on August 26 will not have to go through complicated paperwork. <\/p>\n
Insurance companies can pay the compensation amount or life insurance claims only on the basis of the recommendation and evidence issued by the National Disaster Risk Reduction and Management Authority, District Administration Office, concerned local level (village, municipality or ward) or any government agency of Nepal Police. <\/p>\n
“We are doing our homework to bring the work procedure for the relief of the affected people as per the directive of the Government of Nepal,” said Sushil Dev Subedi, executive director of the Nepal Insurance Authority. <\/p>\n
The provision related to claims and compensation is set to be implemented in the form of an advance payment with conditions to make it transparent. In the future, if it is confirmed that the missing person or the property said to have been damaged is found safe, then the condition of returning the amount received for insurance will be included in the procedure. <\/p>\n
According to the National Disaster Management Authority, the condition of 5,745 people who went missing due to landslides and inundation due to the Bhotekoshi floods is still unknown. Of the 1,451 bodies of those who died in floods and landslides, only 530 human organs have been found. According to preliminary data provided by the non-life insurer, it is estimated that more than Rs 17 billion will be claimed for compensation including automobiles, warehouses, hydropower projects, industries and shops.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. The Nepal Insurance Authority (NIA) is preparing to implement a separate ‘Claim Procedure’ to provide quick and hassle-free insurance claim payment to the victims of the devastating floods in Rasuwa on August 26. According to the guideline, the victims who lost their insurance documents due to the massive snowfall in the Bhotekoshi River on […]<\/p>\n","protected":false},"author":5,"featured_media":306091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45152,45159,45096,45099],"tags":[],"class_list":["post-316673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-life-insurance-en","category-news-en","category-non-lifeinsurance-en","category-regulatory-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=316673"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316673\/revisions"}],"predecessor-version":[{"id":316674,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/316673\/revisions\/316674"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/306091"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=316673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=316673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=316673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}