Insurance companies have disbursed about 21.23 million US Dollars (3 billion Nepali rupees) in early payments to compensate for damages resulting from the Gen Z movement. Following the Insurance Board’s directive to provide up to 50 per cent of claim amounts in advance to the insured, the insurers released the payments accordingly.
The government had earlier instructed the Board to make arrangements for insurers to provide advance payments of up to 50 per cent of the total claims related to damages caused by arson and vandalism during the protests on September 8 and 9.