After Assam earthquake, general insurers start receiving claims, mostly in property insurance segment

By Mithun Dasgupta7 days ago

The earthquake measuring 6.4 on the Richter scale rocked Assam on April 28. The epicentre of the quake was located at Dhekiajuli in Sonitpur district. The tremors, which were felt across northeast India, some parts of Bihar and West Bengal, Bhutan and Bangladesh, left several buildings and roads in Assam damaged.

For public sector insurer National Insurance Company (NIC), the approximate claim size varies in the range of Rs 6 lakh to Rs 10 lakh as these are mostly residential building losses.

After a powerful earthquake jolted Assam and other parts of the northeast last week, general insurance companies have started receiving claims, mostly in property insurance segment.

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The earthquake measuring 6.4 on the Richter scale rocked Assam on April 28. The epicentre of the quake was located at Dhekiajuli in Sonitpur district. The tremors, which were felt across northeast India, some parts of Bihar and West Bengal, Bhutan and Bangladesh, left several buildings and roads in Assam damaged.

From Assam as well as other northeastern states, we have started receiving claims. Number of claims received so far is 28. All the claims received are due to damages to dwellings, residential/hotel buildings and show rooms under fire and allied perils insurance policies, National Insurance Company chairman-cum-managing director Tajinder Mukherjee told FE on Tuesday.

For public sector insurer National Insurance Company (NIC), the approximate claim size varies in the range of Rs 6 lakh to Rs 10 lakh as these are mostly residential building losses. Catastrophic claims are generally handled by the industry on top priority, Mukherjee said.

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