Reliable Nepal Life Pays Rs. 1.385 Million Insurance Claim to Deceased Policyholder’s Family

Kathmandu — Reliable Nepal Life Insurance Limited’s IBRD Branch has handed over an insurance claim of Rs. 1.385 million to the family of late Sita Devi Rana under a term life insurance policy.

The claim amount was presented to Rana’s husband at a program held in Khiriya, Belauri Municipality-3.

The event was attended by the Ward Chairperson of Belauri Municipality-3, the Sudurpashchim Province Head of Reliable Nepal Life Insurance, the Head of the company’s IBRD Branch, representatives of Sampada Laghubitta Bittiya Sanstha Limited’s Belauri Branch, and local residents.

Speaking at the program, the Head of the IBRD Branch highlighted the importance of life insurance, emphasizing its role in providing financial protection to families during unforeseen events and emergencies. He also noted that collaboration between microfinance institutions and life insurers helps provide financial relief to affected families, including loan waivers and other forms of support during difficult times.

While handing over the claim payment, speakers said life insurance serves as an effective financial safeguard against life’s uncertainties and encouraged the public to secure their families’ future by obtaining adequate insurance coverage.

The program concluded with a message promoting greater public awareness of life insurance, stressing that insurance should be viewed not as an expense but as a long-term investment in financial security.