6th October 2025, Kathmandu
Himalayan Everest Insurance Limited has taken a significant step toward supporting victims of the recent Gen Z protests by initiating swift claim settlements for property damages that occurred during the incidents on Bhadra 23 and 24, 2082.
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Demonstrating its commitment to customer welfare, the company has already settled 245 out of 287 insurance claims, disbursing a total of Rs. 21,74,45,831 (approximately Rs. 217.4 million) to the affected policyholders.
According to Roj Raj Luitel, Head of the Claims Department, the company prioritized timely assistance to ensure insured clients receive quick financial support during difficult times. He emphasized that all settlements were made within the regulatory framework, ensuring transparency and simplicity in the claim process.
The compensation covers both advance and final settlements for properties damaged during the nationwide protests. Himalayan Everest Insurance has further announced that remaining claim settlements will resume from Tuesday, October 21, 2025, prioritizing cases that require immediate attention.
Taking into account the adverse economic and emotional impact of the protests, the company has streamlined its claim processing mechanism to provide economic relief and stability to those affected. The proactive initiative reflects the insurer’s commitment to standing by its clients during emergencies and unexpected crises.
The company has also requested the remaining insured individuals to visit their nearest branch or the central office with the necessary documentation to complete their compensation process smoothly.
In a statement of compassion, Himalayan Everest Insurance expressed its deep condolences to the families of those who lost their lives during the Gen Z protests and extended wishes for the speedy recovery of the injured.
By taking decisive and empathetic action, Himalayan Everest Insurance Limited has once again demonstrated that it is not only a provider of financial protection but also a responsible corporate citizen that values humanity and social responsibility.
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