Discounts to be provided on late insurance premium

10th Jun, 2021 | Tourism Mail Crew

KATHMANDU, June 10: Insurers have not been able to pay their premiums on time due to the global outbreak of COVID 19 and the ban imposed in most districts of Nepal. Considering this problem, as a relief, an arrangement has been made to give a discount on the late payment of insurance premium with effect from the June 10. 

As per the term of the insurance policy the insurers will get 1005 discount for being late up to 3 months. Similarly, they will get 755 rupees discount for 6 months and 505 for more than 6 months.