Insurance coverage corporations have paid compensation for 17,601 accepted claims out of 24,477 insurance coverage claims submitted in relation to wreck attributable to Cyclone Ditwah, the Insurance coverage Regulatory Fee of Sri Lanka (IRCSL) mentioned.
Accordingly, the declare acceptance charge stands at 71.91 per cent, the Fee famous.
It additional said that insurance coverage compensation amounting to Rs. 4.75 billion (Rs. 4,752,039,717) has been paid up to now by means of insurance coverage corporations in respect of the submitted claims.
The Fee mentioned these particulars are primarily based on information launched by basic insurance coverage corporations working within the nation as of 12 January.
As at that date, 16,029 motor insurance coverage claims had been submitted, with an estimated worth of Rs. 6,561,030,666. Of those, 12,010 claims have been accepted, reflecting an acceptance charge of 74.93 per cent.
In the meantime, 8,448 non-motor insurance coverage claims had been submitted, with an estimated worth of Rs. 45,227,965,666. Of those, 5,591 claims have been accepted, representing an acceptance charge of 66.18 per cent.
Accordingly, the estimated worth of the entire 24,477 claims submitted quantities to Rs. 51.7 billion (Rs. 51,788,996,332), of which Rs. 4.75 billion (Rs. 4,752,039,717) has been paid as compensation.
Of the compensation paid, Rs. 874,098,258 pertains to motor insurance coverage claims, whereas Rs. 3,811,941,459 pertains to non-motor insurance coverage claims
