KATHMANDU, Aug 26: The Nepal Insurance Authority (NIA) has permitted eight insurers to issue right shares after the companies failed to raise their paid-up capital in line with the threshold prescribed by the authority.

KATHMANDU, Feb 1: Nepal Insurance Authority (NIA) on Wednesday gave an ultimatum of next one week to Nepal Insurance, IME General Insurance and Prudential Insurance to conclude their merger plan.

KATHMANDU, Jan 16: A meeting of the National Disaster Risk Reduction and Management Authority (NDRRMA) has decided to facilitate the management of the bodies of the passengers who died in the Yeti Airlines plane crash on Sunday. This decision was taken by the committee meeting of NDRRMA held at Singha Durbar on Monday.

KATHMANDU, Dec 19: Nepal Insurance Authority (NIA) has put a curb on the investment of reinsurance companies.

KATHMANDU, Nov 24: After a long hiatus, coronavirus insured will be receiving the insurance coverage from Tuesday.

KATHMANDU, Nov 5: The Insurance Board (IB) has started the process to settle payment for COVID-19 insurance claims that were put on hold for a long time.

KATHMANDU, Oct 12: Nepali insurance companies collected a premium of around Rs 34 billion in the first two months of the current fiscal year.

KATHMANDU, Sept 8: The government is planning to insure an amount of Rs 2 million to all those involved in election process in case of personal accidents or external attack during the elections to be held on November 20.

KATHMANDU, August 27: The Insurance Board (IB) has opened licenses for micro insurance companies, contradicting its own policy to reduce the number of insurers operating in the country.

KATHMANDU, August 15: At a time when Nepali insurance companies are largely focused on expanding their business in Bagmati Province, the finance minister has reiterated the government’s priority to increase insurance accessibility in rural areas.

KATHMANDU, July 17: Prabhu Insurance Limited (PIL) and Ajod Insurance Limited (AIL) have agreed to go into a merger.

KATHMANDU, June 12: Lawmakers participating in a discussion under the ministry-wise headings of the Appropriation Bill for the fiscal year 2022/23 in the House of Representatives today put their views on many issues in the budget.

KATHMANDU, May 12: A total of 7,712 insured individuals surrendered their life insurance policies in the first nine months of the current fiscal year.

KATHMANDU, May 12: Three life insurance companies—Prime Life, Union Life and Gurans Life—signed an agreement for merger on Thursday. Provided the merging of these insurers is materialized, it will be the first merger in the life insurance business of the country.

KATHMANDU, April 26: Most of the insurance companies have sought to issue right shares in order to raise their capital base that has been made mandatory by the Insurance Board (IB).

KATHMANDU, Feb 22: Insurers have been found dilly-dallying to settle insurance claims of their clients with the Insurance Board (IB) receiving an increasing number of complaints in recent days.

KATHMANDU, Feb 16: Insurance companies collected A premium amount of Rs 90.01 billion in the first half of the current fiscal year - 14.41 percent more than the amount collected during the same period last year.

KATHMANDU, Jan 20: The government has increased the wage of workers involved in the schemes under the Prime Minister Employment Program (PMEP). Workers’ perks and benefits have increased and their accidental insurance has been made mandatory with the cabinet meeting held on the first week of January amending the PMEP Operational Guideline-2075 BS.

KATHMANDU, Nov 10: The Insurance Board (IB) has expressed its concern over the rising cases of insurance claims based on bogus documents.

KATHMANDU, Sept 14: The Insurance Board last year launched insurance against COVID-19 pandemic with much hype, but the government bodies have left insured COVID-19 patients in lurch as they fail to settle insurance claims worth more than Rs 11 billion.

KATHMANDU, July 27: Insurance businesses and cooperatives with larger transactions are now required to abide by the anti-money laundering (AML) system as the regulators of these sectors have asked these businesses to come within the framework from the fiscal year 2021/22.

KAVRE, Sept 10: Banepa municipality of Kavrepalanchowk district is providing free COVID-19 insurance to pregnant and new mothers in view of the heightened risk of coronavirus transmission.

KATHMANDU, Aug 7: The government is subsidizing 50 percent of the premium charge to families purchasing insurance policies against COVID-19. However, the individuals wishing to be insured against the pandemic have to fulfill the stringent conditions maintained by the Corona Insurance Standard 2020 to receive the government subsidy.

Britain has announced a 500 million-pound ($647 million) fund to help television and film companies restart productions after companies complained they were unable to get insurance because of the coronavirus pandemic.

KATHMANDU, April 26: The Photo Journalists Club (PJ Club) on Saturday introduced a COVID-19 insurance scheme worth Rs 50,000 for all photojournalists and their spouses.

GODAVARI, March 29: The Godavari municipality has decided to provide insurance coverage of one million rupees for the health workers and other employees involved in the fight against COVID-19.

DHADING, Sep 1: The farmers of Ruby Valley Rural Municipality located in the northern area of the district are reliant on yak farming for several generations. However, in a lack of livestock insurance, they are prone to suffer heavy losses from time to time.

REPUBLICA, Aug 13: With the growth of commercial farming in Nepal and the government's 75 percent subsidy program, an increasing number of farmers have been attracted to agriculture insurance.

KATHMANDU, May 28: Insurance coverage has reached 18 percent of the total population of the country.

DHANUSHA, Mar 3: The Daughter Education Insurance Program launched in eight rural municipalities in State-2 has come into effect throughout the State.

KATHMANDU, Feb 23: Deputy Prime Minister and Minister for Defence Ishwar Pokharel has urged the Rastriya Beema Sansthan to expand the coverage of insurance to the grassroots level.

RAUTAHAT, Dec 30: In view of implementing the 'Beti Bachau, Beti Padhau' (save girl, educate girl) campaign launched by Province 2 government, Chief Minister Mohammad Lalbabu Raut on Saturday announced that the provincial government will cover the cost of insurance worth Rs 100,000 for every girl born from mid-January onward.

KATHMANDU, Dec 18: Civil Bank Ltd has signed agreement with Ajod Insurance Limited to become the latter's its agent to sell life insurance policies.

KATHMANDU, Nov 25: In May, the government had made commitment to increase insurance coverage of passengers and provide third party insurance for public transportation. But it is a commitment that, like many others, needs to be fulfilled.

KATHMANDU, Nov 14: The Federation of Nepali Journalists (FNJ) has urged all working and independent journalists to be enrolled in third-phase of accident insurance programme launched for them.

KATHMANDU, Sept 27: The 21st AIRDC (Association of Insurers and Reinsurers in Developing Countries) Conference 2018 concluded in Kathmandu on Wednesday with calls to lower micro insurance premium.

KATHMANDU, Sept 26: Minister for Finance Yuba Raj Khatiwada has said that the weather, particularly climate change, has become a big challenge for insurance companies.

KATHMANDU, Sept 25: The 21st AIRDC Conference 2018 kicked off here from today.

Medical insurance getting popular in Jumla

September 24, 2018 04:30 am

JUMLA, September 24: Peru Kami of Tatopani Rural Municipality-6 visited the Karnali Academy of Health Sciences (KAHS) after stones were seen in his gall bladder. When doctors recommended to him to undergo a surgery, Kami feared that he wouldn't be able to cover the expenses.

The issue of health insurance used to be hot cake in the parliament, among bureaucrats, politician, academicians, policy makers and media people including the elite public but at present, nobody raised the issue anymore.

RUPANDEHI, Aug 27: In an attempt to curb child marriage and change people's negative thinking toward daughters, two local units in the district of Rupandehi have introduced insurance programs for girl children.

KATHMANDU, July 24: Beema Samiti on Sunday announced the establishment of Beema Training Institute that aims to provide insurance literacy to stakeholders. The institute, opened in partnership with insurance companies, has a paid-up capital of Rs 10 million.

KATHMANDU, July 17: Mero Surakshya Pvt Ltd has introduced mobile security system, the first of its kind in the country.

KATHMANDU, July 8: Deputy Prime Minister and Minister for Health, Upendra Yadav, has said the health insurance programme would be reached to all districts, for which adequate budget was allocated.

WASHINGTON, July 8: The Trump administration on Saturday halted billions of dollars in payments to health insurers under the Obamacare healthcare law, saying that a recent federal court ruling prevents the money from being disbursed.

Tourists hiking in Nepal's Himalayan mountains are being pressured into costly helicopter evacuations at the first sight of trouble by guides linked to powerful brokers who are making a fortune on "unnecessary rescues", industry insiders say.

KATHMANDU, June 20: Reliance Life Insurance has come up with a new product, Reliance Term Plan, for individuals aged 16 years and above. The plan aims to provide financial stability and protection to family members of the policy holder at a nominal affordable premium, according to a statement issued by the company.

KATHMANDU, May 8: Public transport operators are now demanding ‘unlimited insurance’ to meet the additional cost of treatment for injured passengers or third party damages, on top of coverage by insurance policies.

KATHMANDU, April 10: Minister for Energy, Water Resources and Irrigation (MoWERI), Barshaman Pun, has said that 'third-party' insurance could be helpful in minimizing the financial losses from electrical accidents.

KHOTANG, March 26: The government had introduced a program to convince a number of people to get health insurance so that no one will have to face untimely death due to lack of money for treatment.