Nepal, Feb. 23 -- The Nepal Insurance Authority has issued directives on monetary loss insurance. On Sunday the Authority advanced directives on monetary loss insurance to protect against risks that may arise in the premises of banks and financial institutions, cash-trading institutions and cash, cash-related equipment and securities in transit, cash and cash-related equipment and securities held as collateral.

Under the directives on monetary loss insurance, the Authority has made provisions for bankers' indemnity insurance, cash insurance, and fidelity guarantee insurance. Likewise, the Authority has determined the insurance rates according to the insurance policies.

Published by HT Digital Content Services with permission from Republ...