Insurance claims related to property damage during the violent Gen Z protests of September 8–9 (Bhadra 23–24) have already approached Rs 30 billion, according to a preliminary report released Thursday by the Nepal Insurance Authority (NIA).
Officials caution that the total could rise further as assessments continue and additional claims are filed.
The authority said non-life insurers have so far logged 1,984 claims totaling Rs 20.7 billion by Bhadra 31.
The Oriental Insurance Co. Ltd. reported the largest losses with claims worth Rs 5.15 billion, followed by Siddhartha Premier Insurance at Rs 4.93 billion and Shikhar Insurance at Rs 2.39 billion.
Other major claim totals include:
– IGI Prudential Insurance – Rs 1.59 billion
– Sagarmatha Lumbini Insurance – Rs 1.48 billion
– Himalayan Everest Insurance – Rs 1.16 billion
– Neco Insurance – Rs 1.09 billion
Smaller but significant claims were filed across more than a dozen other companies, from Sanima GIC (Rs 789 million) to micro-insurers such as Trust Microinsurance (Rs 4.2 million).
The NIA emphasized that these figures remain provisional, as damage valuation and verification are ongoing.
Final totals could exceed current estimates once all affected properties are assessed and pending claims are processed.
The unrest, which erupted in early September at the very start of the autumn travel season, has shaken the country’s tourism sector. The protests caused heavy damage to hotels, restaurants, and cable cars and partially damaged over 30 hospitality properties.
It is estimated that the Hilton Hotel in Kathmandu alone has suffered damages exceeding Rs 800 million. The Board estimates that this incident will leave approximately two thousand five hundred people in the tourism sector unemployed.
