Nepal | October 20, 2020

Only 279 COVID insurance claims settled

Himalayan News Service
Share Now:


Insurance companies have only cleared 20.73 per cent of the total COVID-19 insurance claims so far.

This is despite the fact that only 1,346 COVID-19 patients have claimed insurance amount till today, of whom 279 claims have been settled.

According to Insurance Board (IB), the insurance regulatory authority of Nepal, 919,623 people have bought the COVID-19 insurance scheme to date. Among the total claims, 53 are worth Rs 50,000 while the remaining are worth Rs 100,000.

“Payments of COVID-19 insurance claims have been smooth and are being provided within seven days of claim date. However, due to several reasons, the firms are being unable to issue their claims,” said Raju Raman Poudel, spokesperson for IB. As per him, due to lack of documents, most of the claimants are not getting their claim amount.

Moreover, although the government has arranged an online payment system to address the claims, the online platform has not been convenient to all. Thus, it’s getting late to clear a few payments however Poudel claimed that the payments are under process.

From March 30, companies started issuing COVID-19 insurance while patients started claiming their insurance since June. So far around Rs 20 million has been paid to patients out of more than Rs 60 million in claims, said Poudel.

There are two types of COV- ID-19 insurance — worth Rs 50,000 and Rs 100,000. So far, the insurance companies have collected around Rs 518 million in COVID-19 insurance premium.

As mentioned in the budget, the government has bought COVID-19 insurance of all government workers worth Rs 100,000 while the government has provided a 50 per cent grant on COVID-19 insurance of public.

Earlier, the COVID-19 insurance campaign was implemented with an agreement to cover jointly by Nepal Reinsurance Company Ltd and 20 insurance companies. However, now the modality has been changed. Now the government, Beema Samiti, Nepal Reinsurance Company Ltd and insurance companies cover the insurance claims jointly.

“The major target of this COVID-19 insurance campaign is to provide coverage for middle-class and low-class families. At least they can bear their treatment expense or home isolation,” Poudel said, adding, “Now the insurance facility has even reached the local levels. And the best thing is that people are becoming more aware about insurance.”

Till date, 42,877 people have been infected with the virus in the country.

A version of this article appears in e-paper on September 4, 2020, of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Nepalaya releases Dr Sudha Sharma's memoir 'Singha Durbarko Ghumne Mech'

KATHMANDU: Nepalaya book publication house has released Dr Sudha Sharma's memoir 'Singha Durbarko Ghumne Mech'. Issuing a press statement, the publication house said, Nepal's Former President Dr Ram Baran Yadav unveiled the book amid special ceremony in Kathmandu, on Saturday. The book chr Read More...

President, PM, former king not to offer Tika this Dashain

KATHMANDU, OCTOBER 18 Due to the ongoing pandemic, the head of the nation, head of the government and other wellknown public figures such as the former king have decided not to offer Tika to the public during this Dashain. It has been a long tradition for the state officials in the highest gov Read More...


Government develops procedure for collecting data on women, children

KATHMANDU, OCTOBER 18 The Ministry of Women, Children and Senior Citizens has developed ‘Procedure for Data Collection and Updating of Women, Children and Differently-abled Persons-2020’ for the purpose of incorporating them in reports, which the Government of Nepal is obliged to submit to in Read More...

Murder suspects held after 11 years

KATHMANDU, OCTOBER 18 The Central Investigation Bureau of Nepal Police has apprehended two persons, who were accused of murdering one of their fellow workers, 11 years after they allegedly committed the crime. The murder suspects have been identified as Bhimsen Ghaga Magar, 51, and Ram Krishna Read More...

Protocol for disposal of COVID dead changed

KATHMANDU, OCTOBER 18 The Ministry of Health and Population has amended its Dead Body Management Protocol mandating family members to cremate or bury the bodies of those family members that die of COVID-19 at home. Until now, government authorities, particularly the District COVID Crisis Manag Read More...

Missing ASI’s body found in Mohana River

DHANGADI, OCTOBER 18 ASI Govind BK, in-charge at Jugeda Temporary Police Post in Dhangadi Sub-metropolitan City, Kailali, was found dead today. His body was recovered from the Mohana River. BK had gone missing since last night. According to police, BK has received a deep cut on his neck. Polic Read More...

Kuse Danda, a new tourist spot in Ilam

ITAHARI, OCTOBER 18 Ilam has added a new destination to its list of dozens of popular tourist destinations. Kuse Danda, a picture-perfect hillock located at Chulachuli Rural Municipality, has become the latest attraction in the southern belt of Ilam. A local writer, Bibas Balibhadra Koirala Read More...

EDITORIAL: Improper act

Lawmakers have the moral obligation to show concern for people’s sufferings that they have never faced before on this scale Lawmakers and leaders of all the political parties are supposed to show how to conduct oneself in times of national crises. They are supposed to empathise with the people wh Read More...