Positive Thought For Father’s Day ; Gift an Insurance Policy on Father’s Day Instead of Materialestic Items.

Kathmandu ; On Every year Newmoon day on month of Bhadra (Sep), People of Nepal Celebrate Father’s Day. On this day, sons/daughters shows special respect for the father who gave them birth or whom they respect as their father by giving him special gifts or feeding them special sweets. For those whose Father is no more they go to the nearest pilgrimage site and perform rituals and donations. This is why this day is also known as Father’s Day.   In this Era of New and positive changes in Nepal, there can be new positive change in Father’s Day too. On this Day, an insurance policy can be the best gift to protect your father’s future risks.

Insurance expert Bhojraj Sharma says that it is better to get insurance as it covers risk protection, by giving an insurance policy as a gift on Father’s Day instead of unnecessary items makes it more useful and best use of money that you could spend on Fathers’s day on buying him expensive gifts. He said that insurance is the best option considering small happiness as well as risk protection. This will work as lifelong protection sheald.On this day, those who do not have a father, go to the Gokarneshwar Uttar Gaya Pitru Tirtha at the combination of three rivers ; Bagmati, Chandramati and Suryamati rivers in the northeast of Kathmandu as well as in Betrawati of Rasuwa  and perform rituals and worship in the name of their father and also donate. A fair is also held in Gokarna near Gokarneshwor Temple on this day.As the best gift ever on father’s day is an Insurance, lets know about it. How to get life insurance?

There are 19 life insurance companies operating in Nepal. They have been providing facilities to the insured by operating branch offices in various districts. You can offer insurance through a life insurance agent. For that, first of all, you have to make sure your income account book.The government-owned National Insurance Institute and 18 private sector companies provide this service.You can get insurance at the place of your choice. Insurance companies have insurance agents. According to the advice of the agents, you can buy an insurance policy according to your budget. How much should I pay for insurance?How much rupees to insure for that insured should decide according to his income generation capability.

The insurance amount can be paid annually, semi-annually or every three months. In case of small insurance, you have to pay a small amount, while in the case of insurance of a large size, you have to pay a large amount. So you can get insurance according to your income. You can also insure insurance as much as Rs.50,000 or more.Generally, insurance can be insured for a period of five to 54 years. If your age is 30 years and you are planning to know the amount for insurance of 5 lakhs for 15 years then you have to pay 33 thousand rupees to the company annually. How much money will be returned ?Insurance is about reducing risk. Therefore, if any such fate occurs in the future, the company will refund your family by adding the bonus amount earned by the company during that period to all the sum insured. For example, if an insurance policy of five lakhs has been insured, the sum assured five lakhs and the bonus amount given as per the rules of the company will be added and the payment will be made after maturity.Likewise, health insurance schemes covering various diseases can also be given to their parents in non-life insurance companies.

Where to contact ?If there is any agent near you, you can contact him and get an insurance policy. The answer to the question of which company to buy life insurance is that the insured himself can choose the companies by looking at the benefits offered by different companies. But the most important thing is to know about the insurance company and its sustainable policies because many insurance agent make you to buy the expensive one. This is for the future of your parents so choose wisely and by gathering full information.On my opinion, this idea may not be applicable for middle class and low income family as there is not such policies that starts in less amount of money which they can afford. So new skims and policies should be established.