Nepal Insurance Authority, Madhesh Province Making own Role Active and Effective 

August 18th, 2023

Nepal Insurance Authority organized the meeting with various stakeholder to following the guidelines.

According to state federal guidelines structure extended own office and making own role active and effective.

provincial form various province insurance own office.

Province office making an effectively, according the office of authority madhesh province made up success own role effective.

Concerning insurance subject had submitted by written.

According to Madhesh province government next fiscal year 2080/2081 policies and program index no 41, farmers yield commodity and for the livestock wealth conservation, agriculture and livestock insurance program will forward ward level effectively to imply the extension and expansion program. For the Insurance relief management the help desk unit had stated.

Each of the districts agriculture and livestock insurance program will provide hues level in extension form its states.

As a Madhesh province government provide fiscal year 2080/081 index no 185 for under the Madhesh province government management to employee for Rs.10 lakhs injurious insurance.

Index no 186 Madhesh province government ready to delivery whole of the citizen disaster resilience insurance subsidy. Each of the province citizen managing to provide equal of rs. 2 lakhs disaster resilience risk insurance.

As a reason of under the Madhesh province in 8 district’s about 62 million citizen may take benefit from disaster risk insurance program.

The program had participation various districts representatives Madhesh province, Nepal insurance authority office, 20 th local level chiefs, vice-chiefs and executive administrative chiefs were participated on organized meeting to talks for the local level government Fiscal year 2080/081 policy. Program and Concerning the Budget, including various subjects along with submitted suggestion by written.

As a office of insurance authority’s Madhesh province insurance offices appearing problems and insurance hearing,  complaining, defecting and unhealthy companion, Mitigate unfair competition. Its policy should be follow into provinces various district’s 31 insurance company branches.

Meeting was decided to on the spot complete the supervision and those report sent to central office.

On held meeting of Insurance Authority Madhesh province had completed annual action plan program and also 14th local municipality insurance interaction program.

Madhesh province insurance surveyor and between the multi insurance stakeholder and agents interaction program also has been completed.

Authority of Madhesh province offices Chief Minister, Finance Minister, province  insurance policy and planning commission’s vice chairman, province agriculture minister, along with province ministry of finance, agriculture secretary were presence and discussion including the program and budget2080/081.

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