SALICO Pays NPR 425M Insurance Claim

17th March 2025, Kathmandu

Sagarmatha Lumbini Insurance (SALICO) has disbursed an insurance claim payment of NPR 425 million (42.50 crores) to Panchthar Power Company Limited. This substantial claim settlement highlights SALICO’s dedication to fulfilling its corporate and social responsibilities.

SALICO Pays NPR 425M

Insurance Claim Payment Details

The Chief Executive Officer (CEO) of SALICO, Chanki Kshetri, officially handed over the payment to Panchthar Power Company Limited. The insurance claim was issued to compensate for the damages incurred in Panchthar Power’s project.

This claim settlement reinforces SALICO’s commitment to supporting businesses in times of unforeseen losses. By ensuring timely claim disbursements, the company continues to uphold its business obligations while maintaining its reputation as a reliable insurance provider in Nepal.

SALICO’s Commitment to Policyholders

Sagarmatha Lumbini Insurance has been actively providing insurance solutions to businesses and individuals across Nepal. By honoring its claim commitments, SALICO plays a vital role in strengthening trust among policyholders and ensuring financial stability for its clients.

Through insurance claim settlements, SALICO consistently fulfills both its social and business responsibilities. The company’s proactive approach to handling claims enhances its credibility and reinforces its standing in the insurance industry.

Conclusion

With the successful claim settlement of NPR 425 million, SALICO has reaffirmed its commitment to serving its policyholders with integrity and efficiency. This move not only supports Panchthar Power Company but also strengthens the credibility of Nepal’s insurance industry by ensuring financial security in times of crisis.

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