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.

KATHMANDU, March 7: Bank of Kathmandu Limited and Everest Insurance Company Limited on Wednesday signed a deal on bancassurance to promote the insurance policies of the latter.

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.

KATHMANDU, Feb 20: Various six insurance companies are preparing to issue rights shares (around 314 million units) equivalent to Rs seven billion.

KATHMANDU, Feb 16: IME General Insurance Ltd has opened its new branch office at Ghorahi of Dang.

Health Insurance Program in Mahottari

February 8, 2018 15:07 pm

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."

KATHMANDU, Feb 6: IME General Insurance Limited, a general insurance company promoted by a team of reputed industrialist and business houses, has extended three additional branches.

KATHMANDU, Jan 24: Civil Bank Ltd has signed an agreement with Life Insurance Corporation (Nepal) Ltd to sell the latter's life insurance policies.

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.

KATHMANDU, Jan 8: The Nepal Students Union (NSU) has demanded the government instantly enforce the constitutional provision for health insurance facility for all regular students.

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.

Insurance benefits

January 6, 2018 00:38 am

Government and insurance companies should work together to empower insurance companies.

CHITWAN, Dec 17: The health insurance programme introduced by the government is gaining popularity in the urban areas rather than the rural areas of the district.

KATHMANDU, Nov 26:  Madan Krishna Shrestha and Hari Bansha Acharya popularly known as 'MaHa' are appointed as brand ambassador of Citizen Life Insurance Company.

KATHMANDU, Oct 16: Reliable Nepal Life Insurance Limited has started operation from Sunday.

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.

House passes Health Insurance Bill

October 11, 2017 04:45 am

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 13: National Life Insurance Company (NLIC) Ltd has celebrated its 29th anniversary on August 11.