COVID-19 Insurance to resurface after shutting down for a day

Jun 05, 2020 03:17 PM Merolagani

Insurance Board (IB) has directed non-life insurance companies to re-continue COVID-19 insurance policy.

The companies along with IB had decided to stop issuing the insurance policy citing failure to meet the huge liabilities causing by multiplication of the COVID-19 cases.

Issuing a notice today, IB directed the companies to continue issuing the policy.

The insurance coverage that was started without adequate research and risk analysis was closed after 48 days of operation.  

As the number of COVID-19 cases is increasing day by day, the insurance companies stopped the insurance citing inability to cover the liability.

 


comments powered by Disqus

Nepal confirms 118 new cases of COVID-19 including 42 in valley

Jul 10, 2020 05:14 PM

Nepal has confirmed 118 new cases of COVID-19 on July 10. With this, the number of COV ID-19 cases has reached 16,649 in the country with active cases of 8,603.