Insurance compensates about 7,000 billion VND for people affected by storm Yagi

This is the initial compensation level that insurance companies estimate to pay to people and property damaged by storm Yagi (storm No. 3).

Mr. Vu Van Manh (67 years old, in Bai Chay ward) was sad when many of his family's stalls were destroyed by the storm - Photo: NGUYEN KHANH

14 customers died and 9,000 damaged properties were compensated by insurance

Information from the Department of Management and Supervision insurance ( Ministry of Finance ) said that as of 5:00 p.m. on September 12, insurance companies received information on more than 9,000 cases of property and motor vehicle damage and recorded 14 deaths, 18 cases of health insurance.

The total amount of money paid for human and property damage is estimated at about 7,000 billion VND.

"These are initial preliminary figures, in the context of complex damage caused by storm No. 3 and storm circulation. Therefore, the data on number of losses and the value of insurance compensation payments has not been fully and comprehensively calculated.

The severe impact left behind by storm No. 3 and floods also created many difficulties and challenges for insurance businesses.

However, the management agency will continue to direct, supervise, facilitate, and accompany insurance companies to have the best support plan for customers to overcome the consequences of natural disasters, quickly stabilize their lives as well as production and business," said the Department of Insurance Management and Supervision.

Banks reduce interest rates for customers

As for the banking sector, according to information from the State Bank, in Hai Phong and Quang Ninh, it is estimated that 12,000 customers with bank loans with a total outstanding debt of VND23,000 billion suffered losses due to storm Yagi.

According to Mr. Dao Minh Tu - Deputy Governor of the State Bank, many businesses and individuals suffered losses, almost lost all their assets, and have no source to compensate in the immediate future.

Faced with the losses of customers, the State Bank has requested commercial banks to focus on immediately supporting businesses, people and borrowers to immediately overcome the problems. difficulties caused by storms

At the same time, commercial banks temporarily suspend, postpone, extend debt, and reduce interest on debts that are due. For debts that are about to be due, support solutions should also be very active for customers to borrow capital.

Regarding debts of customers in the fields of rural agriculture and aquaculture, Mr. Tu emphasized that first of all, banks must consider postponing, extending debt, and reducing interest immediately.

In addition, banks need to boldly lend new loans so that businesses, people and households have new capital to rotate. As for old debts, banks should consider resolving them in accordance with actual conditions.

VPBank has also just announced support for loan interest rates for existing individual customers affected by storm Yagi.

Accordingly, VPBank will directly reduce lending interest rates for all individual customers with collateral. Specifically, VPBank will reduce interest rates for medium and long-term loans by 1%, and short-term loans by 0.5%.

VPBank's interest rate support program is implemented from September 13 to December 31, applied in all provinces and cities directly affected by storm Yagi such as Quang Ninh, Hai Phong, Hanoi, Thai Nguyen, Yen Bai...

MSB Bank also announced a 1% reduction in loan interest rates for small businesses and households affected by storms and floods, in order to join hands to overcome difficulties and restore production and business after the storm. The implementation period is from now until December 31.

Source