Kathmandu: Nepal Insurance Authority has launched an online portal for insurance intermediaries’ (agency and surveyor) license renewal. The agency license can be renewed through the web portal of the Authority.
An insurance intermediary can renew the license by paying the renewal fee through the different digital payment gateways enlisted with the Authority. The online system has been developed with the motive to implement the provision of ‘one agent, one insurer’ as defined by the Insurance Act 2079.
Chairman of the Insurance Authority, Surya Prasad Silwal expressed that the online system will restrict license duplication and ease the process of agency license renewal.
According to the Authority, a total of 163,925 agents have updated their personal details on the database of the Authority with permanent account number cards.