| What is Insurance Board? |
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Insurance Board is a line ministry of Nepal Government, established to regularize, systematize and develop
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| What does the Insurance Board do? |
| It issues, renews, dismisses the liscences of insurance companies, insurance surveyors and insurance agents and supervise them. |
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| Where is Insurance Board? |
| It lies in Kupondole, Lalitpur. |
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| Which is the line ministry of Insurance Board? |
| Ministry of Finance, Government of Nepal |
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| When was Insurance Board established? |
| In 1968 A.D. ( Autonomous under the Insurance Act, 1992) |
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| What is Life Insurance? |
| Life Insurance relating to a contract regarding to the life of any person under which he or his heir in the event of his death , will be paid a particular ammount in case of specified ammount is paid in installment on the basis of his age. |
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| What is Non Life Insurance? |
| Non Life Insurance contract regarding to other then life |
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| How many insurance companies are there in Nepal? |
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There are 39 insurance companies in Nepal.
- 18 life insurence company
- 20 non life insurence company
- 1 Re-insurance company
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| Who does provide the data regarding insurance and insurance industry? |
| Insurance Board |
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| What is insurance agent? |
| The agent who works on behalf of insurance company. |
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| What is insurance surveyor? |
| Loss assessor if any loss occured due to insured cause. |
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| Who is acturary? |
| A person holding degree of Graduation in Actuarial science. |
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| What is acturial science? |
| A highly technical and professional course of liability assessment. |
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| Who are the loss assessors? |
| Who assesses the loss occurred due to insured cause. |
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| Where can a victim appeal when he is refused to imdenify by an insured? |
| In Insurance Board |
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| Where can an insuance company appeal when she is claimed by doubtful loss? |
| In Insurance Board |
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