Kathmandu, April 11 -- The Insurance Board has revised premiums paid by migrant workers before going to work overseas, which will provide much-needed financial respite to them.

For years, tens of thousands of Nepali migrant workers have been paying for a three-insurance package although they get the labour permit of working overseas only for two years.

Now, the Board-insurance regulatory authority under the Ministry of Finance-has made changes in policy that only requires a migrant worker to pay only for additional six months besides their working tenure of two years.

The Department of Foreign Employment-the government body managing the country's labour migration and governance-has long been criticising the policy for it financially ex...