{"id":301392,"date":"2026-05-29T18:44:10","date_gmt":"2026-05-29T12:59:10","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=301392"},"modified":"2026-05-29T18:45:06","modified_gmt":"2026-05-29T13:00:06","slug":"here-are-some-of-the-issues-covered-in-the-insurance-sector-in-the-budget-for-the-next-financial-year-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/here-are-some-of-the-issues-covered-in-the-insurance-sector-in-the-budget-for-the-next-financial-year-2\/","title":{"rendered":"Here are some of the issues covered in the insurance sector in the budget for the next financial year."},"content":{"rendered":"<p>Kathmandu. The government has significantly included the insurance sector in the budget for the current fiscal year. This year&#8217;s budget has given a boost to the insurance sector. This year&#8217;s budget has effectively and positively incorporated the issues of insurance companies and reinsurance companies. The budget has included 14 points related to the insurance sector. <\/p>\n<p><span style=\"color: #0000ff\"><strong>Here are the topics covered in insurance<\/strong><\/span><\/p>\n<ul>\n<li> Shares of National Life Insurance Company to be issued to the general public. <\/li>\n<li> Providing up to 80 percent premium subsidy on agriculture and livestock insurance and removing other subsidies gradually. <\/li>\n<p>Rs. 2 TAG_OPEN_li_31.10 billion has been allocated for subsidy subsidy on agricultural insurance premium. <\/li>\n<\/p>\n<li> Comprehensive restructuring of the health insurance program. <\/li>\n<li> With the universalization of health insurance, 90 percent of Nepalese will be covered by health insurance and personal treatment in the next three years. There will be a significant reduction in expenses. <\/li>\n<p>Rs TAG_OPEN_li_28 15 billion allocated for health insurance programme. <\/li>\n<\/p>\n<li> Compulsory compensation for workplace accidents and making the insurance claims system more effective. <\/li>\n<p>At least TAG_OPEN_li_26 20 percent of the sum insured to be issued by the Nepali insurance company shall be made from the Nepal Reinsurance Company. <\/li>\n<\/p>\n<li> To be led and operated by Nepal Reinsurance Company for the group insurance fund of long-term nature. To reduce the risk, make arrangements to share a certain portion of the reinsurance with the foreign reinsurance company. <\/li>\n<li> Third party insured which has not been increased for a long time will be increased to Rs. 10 lakhs. <\/li>\n<li> Employees Provident Fund, Citizen Investment Trust, Deposit and Credit Guarantee Fund, Health Insurance Board and Social Security Fund will be re-insured through Nepal Reinsurance Company. <\/li>\n<li> To make it mandatory to provide insurance while approving the design of building construction in urban areas. <\/li>\n<li> Expand risk transfer tools, including insurance for disaster compensation, relief and reconstruction. <\/li>\n<li> Provision shall be made to deduct a maximum of ten thousand rupees for income tax purposes for the insurance of residential building. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. The government has significantly included the insurance sector in the budget for the current fiscal year. This year&#8217;s budget has given a boost to the insurance sector. This year&#8217;s budget has effectively and positively incorporated the issues of insurance companies and reinsurance companies. The budget has included 14 points related to the insurance sector. [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":301390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159],"tags":[],"class_list":["post-301392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/301392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=301392"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/301392\/revisions"}],"predecessor-version":[{"id":301393,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/301392\/revisions\/301393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/301390"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=301392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=301392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=301392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}