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.
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.
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.
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, 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.
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.
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.
POKHARA, March 4: The Beema Samiti (BS) has made it mandatory for insurance companies to reach out to rural areas and open branches in local administrative units, in line with the Nepal Rastra Bank’s instruction to the banks and financial institutions to compulsorily open their branches in the local units.
MAHOTTARI Feb 8: Health Insurance program has been introduced in Mahottari today. The government through Bardibas municipality has initiated the program in the district under the slogan 'Your Health Our Determination."
POKHARA, Jan 15: Some 65 thousand citizens have registered their names for the Health Security Insurance (HSI) programme in a period of one year in Kaski. The programme was launched by the government last year.
ILAM, Jan 5: A few years back, the government initiated the Social Security Program from Ilam to educate people about the importance of health insurance. But still the number of people having health insurances is disappointingly low. Only nine percent people in the district have life insurance.
KATHMANDU, Oct 16: Reliable Nepal Life Insurance Limited has started operation from Sunday. Chiranjibi Chapagain, chairman Beema Samiti, inaugurated operation of the life insurance company amid a program held in Kathmandu on Sunday.
KATHMANDU, Oct 11: A meeting of Legislature-Parliament on Tuesday passed the bill related to providing health services through insurance to all the citizens. The Health Insurance scheme comes in accordance with Article 296 (1) of the Constitution.
KATHMANDU, Oct 11: Parliament on Tuesday endorsed the much-talked-aboutHealth Insurance Bill, making it mandatory for public, community and NGO-run hospitals to provide free basic medical treatment to the insured citizens.
KATHMANDU, July 26: Nepal Life Insurance Company (NLIC) has opened a new branch office at Gauradaha of Jhapa. Issuing a statement, the company said that Shriman Karki, officiating executive director of Beema Samiti, inaugurated the branch office amid a function on Tuesday.