April 25: Neco Insurance Limited, a non-life insurance company, has settled the claim of Rs 50.5 million made by Annapurna Impex of Biratnagar on April 23.

Annapurna Impex had to bear a loss in stocks of electrical equipment during the flood of 2017.  A cheque of Rs 50.5 million as compensation for the loss, was handed over to Rajendra Kumar Rathi, of Annpurna Impex by Narayan Gautam, branch manager of the company in Biratnagar.