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Chief Minister of Lumbini Province Chetnarayan Acharya has said that it is important for insurance companies to earn the trust of the people.
Chief Minister Acharya while addressing the 'Province level interaction program on non-life insurance with the state government and government agencies' organized by Rashtriya Bima Company Limited in Deukhuri on Friday emphasized that insurance companies should play a role in increasing citizens' trust in insurance.
'General public's positive attitude towards insurance has not been formed. There should be no delay in payment of insurance claims. Payment of liabilities should be made easy, said Chief Minister Acharya. The state government has insured livestock. However, due to lumpy skin epidemic, the farmers could not get the insurance amount. Due to this, trust has not been earned.'
Hira Kumari Vartaula, head of the market management department of Rashtriya Bima Company Limited, said that insurance should be seen not only as an expense, but as a basis for risk management. He clarified that the aim is to provide financial protection against potential financial risks of public life through non-life insurance, to support the economic development of the country by mobilizing internal resources and means, and to reduce the foreign currency expenditure. In the
program, it was emphasized that if compulsory insurance of houses, property and business is arranged as a policy, the risk can be reduced and residential houses in cities and urban areas should be brought under the scope of compulsory insurance.
In order to reduce the financial burden on the state treasury, as Nepal is a country with a high risk of earthquakes and natural disasters, it has been emphasized that insurance should be taken to make the presence of the state felt through people-oriented and direct benefit programs and to prevent the economic level of citizens from falling.
Mentioning the sensitivity of risk in Lumbini province, it has been suggested that insurance can be provided in the areas of collective accident insurance, property insurance, agriculture, crops, livestock, herbs, student safety insurance, etc. It is also emphasized that insurance will strengthen social security.
was presented through the program to insure common people's houses and property, to protect them from floods and earthquakes.
State Planning Commission Vice-Chairman Dilliraj Aryal said that it is necessary to link the mandatory insurances of the state with the national insurance company.
Prakash Kumar Adhikari, a member of the National Insurance Board, suggested that since insurance provides protection to citizens, it should be prioritized in policies and programs.
