Nepal Life Insurance Offers 50% Discount on Late Fees for Policy Renewal
Kathmandu – Nepal Life Insurance Company Limited has announced a 50 percent discount on late fees for the renewal of expired insurance policies.
The company stated that this facility applies to policies that have lapsed for more than 180 days due to non-payment of renewal fees. The offer is available for a limited period, from February 27 to May 27, and policyholders are encouraged to take advantage of it.
However, the company has clarified that if a renewed policy is surrendered within one year of using the discount facility, the discounted amount will be deducted. Additionally, this benefit is a one-time offer per policy and cannot be availed repeatedly.