What is the Terms of Condition for the Insurance

Kathmandu, now, Insurances Company have been open the branch or foundation of contact office in foreign country should be complete the terms and condition. According to Nepal Insurance Authority’s insurance regulation 2080.

According to Terms and Condition completed can found branch or liaison office in the foreign country Insurance company should be submit requirement details of document.

Insurant should be proposed professional plan, Benefit-Invest or analysis of possibility of study report, Necessary to office open estimate investment budget, Authority provide minimum solvency occupied foundation the Office from the proposed country, Bonus, Benefit, Capital enters receive or returns policy management as along details document should be submit. Also those of country should be bilateral relation of Nepal.

And according to regulation the applicants open the office, after received application date of within 60 day provide the solution.   Along with in regulation any way anything written to extend the authority access of insurance service. May necessary delivery direction can open the branch office.

Along with life and nonlife insurance company open the branch office, proposed the office location, financial possibility or on the spot study report, Manpower, infrastructure’s management and viable details of document.