PAGE- 25- NEPALI INSURANCE COMPANIES

NEPALI INSURANCE COMPANIES

IF WE TALK TO NEPALI INSURANCE COMPANIES, WE WILL GET FEW IN NUMBER TO DISCUSS.
THERE IS JUST ABOUT FEW YEARS NEPALI INSURANCE COMPANY HAS ESTABLISHED WITH SOME AIM TO SUCCESS. NEPALI INSURANCE COMPANIES HAD POLICIES RELATED TO NEPALI SOCIETY AND THEIR CONDITIONS. IN NEPAL THERE ARE INTERNATIONAL JOINT VENTURES INSURANCE COMPANIES. WE CAN FIND LIC NEPAL LTD JOINT VENTURE OF LIC INDIAN LTD 55% SHARE OF INDIAN LIC, 25% OF VISHAL GROUP NEPAL AND 20% FROM PUBLIC PARTICIPATION. WE CAN FIND OTHERS LIKE THIS VENTURE.
SEEING THE PROBLEM OF THE NEPALI CITIZEN AND THEIR SECURITY INSURANCE COMPANIES ARE PROVIDING LOTS OF SERVICES.

THE RELATED CONDITIONS OF SERVICES ARE:
1.SOURCES OF INACCURACY OF STOCK EXCHANGES IN NEPAL-NEPALESE STOCK EXCHANGE MARKET IN FLEXIBLE ACCORDING TO THE CONDITION OF NEPAL'S POLITIC'S.THIS IS THE MAJOR FACTOR FOR THIS.
2.THE LOT'S OF ACCIDENT IN NEPAL-DUE TO THE DEVELOPING COUNTRY IN NEPAL THERE IS HIGH ACCIDENTS IN DAILY RATIO. POOR COUNTRY NO DEVELOPMENT SO NO BETTER ROADS AND WIDE ROADS ACCORDING TO THE RATIO OF INCREASING POPULATION AND THEIR VEHICLES. AS WE KNOW DAILY WE CAN SEE LOTS OF JAM IE LOADED ROAD AND BECAUSE OF THAT LOTS OF ACCIDENT OCCUR WHEN THEY RIDE FAST IN GATHERING.
3.LACK OF MODERN HOSPITAL AND NO SUFFICIENT HOSPITALS-DUE TO THIS NEPALESE ARE FACING LOTS OF DESEASE AND RISKS AS WE CAN SAY NEPAL IS POLLUTED DAY BY DAY IN TOWN AREA.
4.OTHERS
IN ALL THESE CONDITION NEPALI INSURANCE PLAYS VITAL ROLE TO SERVE AND SAVE NEPALI CITIZENS. SO NEPALI INSURANCE COMPANIES ARE SERVING NEPALI CITIZENS IN DIFFERENT CONDITIONS.
IN NEPAL THERE ARE THE FOLLOWING INSURANCE COMPANIES:
1.SHIKAR INSURANCE CO LTD
2.NEPAL INSURANCE CO LTD
3.LIFE INSURANCE CO LTD
OTHERS NOT FOUND BY AUTHOR

VEHICLE INSURANCE IS SO POPULAR IN NEPAL. BECAUSE OF THE VICTIM OF THIEF IN NEPAL MOST OF VEHICLE FROM PARKING SITE THEY ARE LOST.

INSURANCE HAS ONE GENERAL RULE MORE RISK MORE PREMIUM. PREMIUM MEANS THE PAYMENT MADE MONTHLY OR QUARTERLY OR AS CO. POLICY PAID TO INSURANCE COMPANY FOR THE RISK IN FUTURE OR IN PRESENT.

INSURANCE COMPANY OF NEPAL GENERALLY COVERS
Fire & Allied

1MARINE
2AVIATION
3ENGINEERING
4MOTOR
5BANKER'S INDEMNITY
6DIRECTORS AND OFFICERS LIABILIATY
7HOUSEHOLD
8ACCIDENT OF PERSONNEL
9HOUSE BROKEGE
10CASH IN TRANSIT
11FIDELITY GUARANTEE
12 THIRD PARTY AND PUBLIC LIABILITY
13MEDICAL COVERAGE
12OVERSEAS TRAVEL AND MEDICLAIN
13STUDENT CARE AND SAFETY
14OTHERS



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