Insurance Authority Chairperson Pledges to Expedite Claim Settlements
Summary
Nepal Insurance Authority Chairperson Chandrakala Poudel pledges to expedite insurance claim settlements within the legal 6-month timeframe and address pending cases by Dashain. The authority is enhancing regulatory inspections and collaborating for actuarial manpower development.
Key Points
- Nepal Insurance Authority Chairperson Chandrakala Poudel commits to settling insurance claims within the 6-month legal timeframe.
- Out of 600-650 pending cases, 276 have been resolved in the last four months, with claims to be expedited by Dashain.
- A 'war room' team and online grievance mechanisms have been established to address claim issues.
- The authority is reforming policies to tackle money laundering concerns and low coverage in agriculture and livestock insurance.
