Narendra Bahadur Kerung Questions Insurance Sector Statistics and Credibility
Summary
Nepali Congress MP Narendra Bahadur Kerung questions the credibility of Nepal's insurance sector statistics, highlighting issues like delayed claim payments and potential inflation of penetration figures.
Key Points
- MP Narendra Bahadur Kerung questioned the accuracy of the insurance penetration statistics, suggesting actual figures might be between 20 to 25 percent after excluding mandatory insurances.
- He demanded clarification from the Nepal Insurance Authority regarding inclusion of mandatory insurances for migrant workers, micro-credit borrowers, and construction projects.
- Kerung praised positive developments like insurance spreading as an industry and inclusion in the school curriculum, which have helped reduce youth migration.
- He raised concerns about delayed payments for health and corona insurance claims, and links of senior insurance officials to a property laundering case, which risk public trust in insurance.
