COVID-19 insurance resumes after Beema Samiti assured of risk pooling mechanism
KATHMANDU, June 5 -- Insurance companies to provide a compensation of Rs 100,000 to those infected with coronavirus
After suspending it for a day, Beema Samiti - the insurance regulatory authority - has decided to instruct non-life insurance companies to resume selling corona insurance policies.
The Beema Samiti's new circular has now paved the way for non-life insurers to resume their insurance services providing coverage against the financial losses from the coronavirus infection.
Earlier on Thursday, Beema Samiti had directed all non-life insurance companies to stop issuing COVID-19 insurance policies until further notice amid worries of insurers about the potential losses they may face due to the outbreak.
However, Beema Samita de...
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