Nepal Life’s Discount on Late Fee on Renewal of Expired Insurance Policy

Kathmandu : Up to 30 percent discount is available on the advance fee when renewing the Expired policy of Nepal Life Insurance.If anyone does renewal of insurance that has exceed 180 days or more from the date of payment of the insurance fee that are on the stage of more than expiry date, then within 22nd september to 6th of October, those policy can be renewed by paying renewal fee where company will give discount on late fee charged during the renewal.

The company said that it will give a discount of 30 percent for insurance policies that have expired for more than 180 days and up to 2 years, 25 percent for insurance policies that have expired for 2 years to 5 years, and up to 10 percent for insurance policies that have expired for more than 5 years. In this way, on renewal of expired insurance policy, a discount of up to 30,000 will be given on the late fee charged on the insurance policy.