The Nepal Insurance Authority, the country's insurance regulator, organised and held a successful discussion with the Koshi Province Government.
It was attended by provincial government ministers and secretaries, planning commission officials, representatives of insurers and representatives of the regulator. There, the province’s chief minister Hikmat Kumar Karki announced the formation of a committee to expand the scope of insurance and introduce a provincial coverage policy.
At the discussion, Mr Karki emphasised the need to provide assistance to citizens rather than distributing relief, and iterated the provincial government’s commitment to bringing people under insurance, as well as insuring homes and the underprivileged.
Nepal Insurance Authority chairman Sharad Ojha also directed companies to pay claims on time and urged cooperation with the provincial government to provide workers in the informal sector and the underprivileged class with protection.
According to the regulator, the discussion also looked at the need to expand access to insurance, transparency in claim payment and preparation of a common insurance policy. The program was attended by provincial government ministers, provincial secretaries, planning officers and representatives of the regulator.