Agriculture Insurance’s policy going to Sells, Livestock Insurance Still Yet not Confirm
Kathmandu, Agriculture Insurance’s policy Sells Resume Livestock Insurance Premium Still yet not confirm.
Nepal government agriculture and livestock’s insurance subsidy has starting to 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 insurance policy and claimed payment was totally postponed, after the government provide subsidy insurance program, again continue agriculture insurance. In form of the first instalment 72 hundred lakhs of 2.2 billion amount has provided to Nonlife insurance company.
Government declared to pay by budget to about 80 % amount of subsidy agriculture and livestock insurance premium.
According insurance declaration policy from government not provided the subsidy. Formally closed these 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 said, Nepal government have to pay 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 step process.
Insurance company still confused to issues livestock insurance policy.