Agriculture Insurance’s policy Sells Resume Livestock Insurance Premium Still yet Confused

Kathmandu, Nepal government agriculture and livestock’s insurance subsidy has to starting first payment after 2 week and insurance company have given continue to issue agriculture insurance policy.

From 21 may postponed agriculture insurance was opening.

From those time insurance policy and claimed payment was totally postponed,  after the government provide subsidy insurance program, again continue agriculture insurance. First instalment 72 hundred lakhs of 2.2 billion has provided to Nonlife insurance company.

Government declared to pay by budget to about 80 %  amount of subsidy agriculture and livestock insurance premium. But, according to doing declaration, government not provided the subsidy. Formally closed this insurance policy by Nepal insurer association.

Nepal Insurance Authority inform that subsidy amount only about 25 % in rupees expulsion. According to Nepal Insurance association of chairman Chunky chhetry, Nepal government about 3 billion, 2 hundred Million or 94 million rupees subsidy was balance paid to insurance company.

Now Second installment amount of rupees in the Next month July/August possible to expulsion NIA chairman Chhetry said. Later expulsion those amount of rupees insurance policy, According to Nepal Insurance Authority’s will be shift by shift payment process.

Insurance company still confused to issues livestock insurance policy.