MP Bidushi Rana Questions Insurance Sector Issues and Regulator's Capacity
Summary
MP Bidushi Rana highlighted challenges in Nepal's insurance sector, questioning the regulator's capacity and urging implementation of a digital claim tracking system to improve public trust and efficiency.
Key Points
- MP Bidushi Rana raised concerns about difficulties in claim payments and increasing public complaints in Nepal's insurance sector.
- She called for implementation of a Digital Claim Tracking System to help insured individuals track claim status remotely.
- Rana questioned the low utilization of government subsidies in agricultural and livestock insurance.
- She emphasized the need for transitioning to a non-tariff insurance system and expressed doubts about the regulatory capacity of the Insurance Authority with limited manpower.
