Kathmandu. Asian Life Insurance Co. Ltd. has announced a 100 percent interest waiver against the renewal insurance premium. It has announced a rebate on the interest charged to its insured on renewal premium for the period from the date of enactment of the curfew in the Kathmandu Valley till the issuance of another notice. According to the company, the insured who has not been able to pay the renewal premium on time will not be charged interest from April 30 onwards. The insurer has also requested to its clients use the online means of E-sewa, phone pay, mobile banking app, and Connect IPS website www.connectips.com to pay the renewal premium.
In addition, Asian Life has provided the facility to easily pay the principal and interest of the insurance policy loan through E-sewa apps or website. The company has informed that the insured can pay the full interest of the policy and the principal amount as per his wish by entering the policy number and date of birth of the policyholder.