50% subsidy on the family insurance plan against COVID-19<\/strong>.<\/p>\nHowever, people opting for the ‘COVID-19 Insurance Scheme<\/strong>‘ must fulfill the conditions maintained by the ‘Corona Insurance Standard 2020’ to receive the subsidy.<\/p>\nIssuing the standards on August 5, the Nepal Insurance Board (NIB) has come up with the provision to give respite to the individuals amid the crisis.<\/p>\n
“The scheme is expected to be relevant at a time when almost all the regions of the country are at serious risk of coronavirus spread,\u201d said NIB Chairman Chiranjibi Chapagain.<\/p>\n
While the general public has to pay half of the insurance fee, the insurance charge is completely waived for the government officials.<\/p>\n
Though, the government subsidy is not applicable to the ‘Individual Insurance Plan.’<\/p><\/blockquote>\n
\u201cThe government subsidy is applicable only if the entire family of the person purchases the insurance policy, which needs to be approved by the local bodies,\u201d said Chapagain.<\/p>\n
The \u2018COVID-19 Insurance Scheme in Nepal\u2019 is as follows-<\/h2>\n
Category A:<\/strong><\/p>\n\n
\n\n\nInsurance Amount<\/strong><\/p>\n <\/td>\n Insurance Charge<\/strong><\/td>\n<\/tr>\n\nIndividual Insurance Plan<\/td>\n | Family Insurance Plan<\/td>\n<\/tr>\n | \nNPR 100,000 per person<\/td>\n | NPR 1,000 per person<\/td>\n | NPR 600 per person<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Category B:<\/strong><\/p>\n\n \n\n\nInsurance Amount<\/strong><\/p>\n <\/td>\n Insurance Charge<\/strong><\/td>\n<\/tr>\n\nIndividual Insurance Plan<\/td>\n | Family Insurance Plan<\/td>\n<\/tr>\n | \nNPR 50,000 per person<\/td>\n | NPR 500 per person<\/td>\n | NPR 300 per person<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n | | | | | |