Siddhartha Premier Insurance Settles NPR 10.73 Billion in Claims Over Three Fiscal Years
15th October 2026, Kathmandu
Siddhartha Premier Insurance Company Limited has accelerated its claim settlement operations, disbursing NPR 10.73 billion across the past three fiscal years to strengthen insurer trust and deliver prompt financial relief.
Advertisement
Siddhartha Premier Settles Claims
Three-Year Claim Settlement Figures, Gen Z Movement Claims, and Flood Loss Disbursements
The non-life insurer prioritized quick claim disposal, handling major disaster events, civil unrest claims, and regular policy settlements across Nepal.
- Three-Year Total Disbursements: Settled NPR 10.73 billion in cumulative claims over the past three fiscal years, comprising NPR 2.15 billion in FY 2080/81, NPR 2.80 billion in FY 2081/82, and NPR 5.78 billion in FY 2082/83.
- Gen Z Movement Claim Status: Received 422 total claims with an initial estimated liability of NPR 5.50 billion stemming from unrest on Bhadra 23-24, 2082. The company has cleared over 80 percent of these claims, disbursing NPR 4.22 billion across 389 cases, leaving 33 remaining claims pending final documentation or surveyor reports.
- 2081 Flood Disaster Settlements: Paid out over NPR 1.53 billion for property, vehicle, industrial, and infrastructure damages caused by the 2081 nationwide floods.
- Bhotekoshi Flood Claims Priority: Fast-tracked claim processing for private and commercial assets damaged by the Bhotekoshi river flash floods in line with regulatory directives from the Nepal Insurance Authority.
- Executive Directives: CEO Birendra Baidawar reiterated a no-compromise policy on claim disposal, noting that prompt payouts are essential to maintaining public confidence in the insurance sector.
- Policyholder Advisory: Urged insured parties to submit required documentation, damage assessments, and survey reports promptly to enable immediate claim verification and payout distribution.
For More: Siddhartha Premier Settles Claims
