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Wednesday, March 24, 2010

BEEMA SAMITI-Insurance Regulatory Authority of Nepal




Beema Samiti (Insurance Board) an autonomous body, established to develop, systemize, regularize and regulate the insurance business of Nepal under Insurance Act, 1992.
Initial Draft of the Prop.Ins. Act, 2009

We urge all general public, stakeholders, experts and professionals to comment, advise and suggest on the Initial Draft of the Proposed Insurance Act, 2009 to make it more approprate and addressive.
Note: Only Nepali version of the draft has been placed on the menu of
Initial Draft of the Proposed Insurance Act, 2009,

Notice of Training of Agent
Notice of Training of Insurance Agent
Beema Samiti (Insurance Board) Provides training of Insurance Agents . If you are willing to work as a insurance agent , contact to Beema Samiti (Insurance Board). After taking training of life insurance agent or non life insurance training from Beema Samiti (Insruance Board), you can work as an agent of any one or more insurers of Nepal. But if you have taken insurer agent's training from insurance company, you can work as an insurance agent of the respective company only. To know the time and date of training, you can see the menu Training on the above horizontal bar and open the submenus Insurance Agents

Required Documents and fee for Agent's Training:
1. Transcript and Character Certificate of any level above SLC and their attested copies
2. Citizenship certificate and its attested copy3. Rs. 1000 per head.
(अभिकर्ताको तालिमको सूचना)
बीमा अभिकर्ताको तालिमको सूचना
बीमा समितिले जीवन तथा निर्जीवन बीमा अभिकर्ताको तालिम प्रदान गर्दछ । यदि बीमा अभिकर्ता र बीमा सर्भेयर भई काम गर्ने इच्छा छ भने बीमा समितिमा सम्पर्क राख्नुहोस् ।बीमा समितिबाट जीवन तथा निर्जीवन बीमा अभिकर्ताको तालिम लिएपछि कुनै पनि एक वा सो भद्ना बढी बीमा कम्पनीको अभिकर्ता भइ कार्य गर्न सकिन्छ । तर कुनै बीमा कम्पनीले प्रदान गरेको तलिम लिनु भएको छ भने सोही कम्पनीको अभिकर्ताको रुपमा मात्र कार्य गर्न सक्नु हुनेछ । जीवन तथा निर्जीवन बीमा अभिकर्ताको तालिम बीमा समितिमा कहिले कहिले हुन्छ भन्ने बारेमा जान्न यो पेजको माथिल्लो लहरमा देखिने तालिम मेनु भित्र रहेको बीमा अभिकर्ता शिर्षक हेर्नुहोस् ।
बीमा अभिकर्ताको तालिमको लागि आवश्यक काजगपत्र तथा
शुल्क
१. ट्रान्सकृप्ट र चारित्रिक प्रमाणपत्रको सक्कल र प्रमाणित नक्कल
२‌. नागरिकताको प्रमाणपत्र र र प्रमाणित नक्कल३. प्रति ब्यक्ति रु. १०००
Notice of Insurance Surveyors Training
Beema Samiti (Insurance Board) Provides training of Insurance Insurance Surveyors. If you are willing to work as a insurance surveyor, contact to Beema Samiti (Insurance Board).
To know the time and date of training, you can see the menu Training on the above horizontal bar and open the submenu Insurance Surveyor.
Required Documents and fee for Surveyor's Training:
1. Certificates and attested copies of being Bachelor in Engineering or Chartered Accountant or Bachelor in Insurance or having experience of being officer in any insurance company with Bachelor's Degree in any discipline
2. Citizenship certificate and its attested copy3. Rs. 2000 per head
(बीमा सर्भेयरको तालिमको सूचना)

बीमा समितिले बीमा सर्भेयरको तालिम प्रदान गर्दछ । यदि बीमा सर्भेयर भई काम गर्ने इच्छा छ भने बीमा समितिमा सम्पर्क राख्नुहोस् ।
सर्भेयरको तालिम बीमा समितिमा कहिले कहिले हुन्छ भन्ने बारेमा जान्न यो पेजको माथिल्लो लहरमा देखिने तालिम मेनु भित्र रहेको बीमा सर्भेयर शिर्षक हेर्नुहोस् ।
बीमा सर्भेयरको तालिमको लागि आवश्यक काजगपत्र तथा शुल्कः:
१. इन्जिनियरिङ वा बीमा ब्यवस्थापनमा स्नातक गरेको वा चार्टड एकाउण्टेन्सी उत्तिर्ण गरेको प्रमाणपत्रको सक्कल र प्रमाणित नक्कल वा स्नातक उत्तिर्ण गरी कमसेकम दश बर्ष कुनै बीमा कम्पनीमा अधिकृत स्तरमा कार्य गरेको प्रमाणपत्रको सक्कल र प्रमाणित नक्कल
२‌. नागरिकताको प्रमाणपत्र र र प्रमाणित
नक्कल३. प्रति ब्यक्ति रु. २०००
POST by Bijay Thapa.

Saturday, March 20, 2010

PRIME LIFE BAIDESHIK ROJGAR JIVAN BIMA.

PRIME LIFE BAIDESHIK ROJGAR JIVAN BIMA
FOREIGN EMPLOYMENT POLICY

PRIME LIFE BAIDESHIK ROJGAR JIVAN BIMA IS DESIGNED TO COVER NATURAL AS WELL AS ACCIDENTAL INSURANCE FOR PEOPLE LIVING AND WORKING OUT OF NEPAL.

Key Features
Low premium rate as it does not carry any saving factor In the event of death of the person living abroad, a sum of Rs. 500,000 will be paid to the beneficiary

Policy Requirements
Minimum Entry Age: 18 Years
Maximum Entry Age: 55 Years
Maximum Minimum Policy Term: 1 Year
Maximum Policy Term: 5 years
Premiums Payment Mode: Single Premium

Benefits
Maturity Benefits
- None
Death Benefits – NPR. 500,000 and body carrying cost of NPR. 50,000
Total Partial Disability Benefits
Two hands or two legs or two eye sight: 100% of Face Value
One hand and one leg: 100% of Face Value
One hand or one leg and one eye sight: 100% of Face Value
Hearing power of two ears: 50% of Face Value
Any one hand or leg: 50% of Face Value
Any one hand or leg: 50% of Face Value
Sample Premium ratesFollowing is the sample premium rate for PrimeLife Baideshek Rozgar insurance policy for Face Value NPR 500,000 on Single Premium payment mode .

PRIME LIFE KARJA SURAKSHYA JIVAN BIMA

PRIME LIFE KARJA SURAKSHYA JIVAN BIMA
Mortgage Redemption Insurance plan.
Mortgage Redemption Insurance product is designed to protect a repayment of mortgage debt.
Key Features
It is a special policy for financial institution’s loan customers Low premium rate as it does not carry any Saving factor Reducing coverage of the insurance corresponding to customer’s reducing outstanding loan balance In the event of death of the borrower, the proceeds of the policy will be paid to the Financial Institution to cover the current outstanding loan

Policy Requirements
Banks or Financial Institution will act as an administrator for collection and remittance of premiums and submission of loan customers’ application form to Prime Life Insurance Company Ltd.
Minimum Entry Age: 20 Years
Maximum Entry Age 55 Years
Maximum Maturity Age: 60 Years
Minimum Policy Term: 5 Years
Maximum Policy Term: 20 years
Premiums Payment Mode: Yearly

Benefits
Maturity Benefits- None
Death Benefits – Outstanding loans due to financial institutions will be paid by PrimeLife.
Supplementary Riders
None

Additional Disclosure
Policies on which premiums are paid will not carry any surrender value or loan facility.

Sample Premium rates
Following is the sample premium rate for PrimeLife Karja Surakshan Single Premium per NPR. 1000/- for Interest rate over 10% & upto 15% P.A.
THE TERM 'JIVAN BINA'=LIFE INSURANCE
POST By Bijay Thapa.

PRIME LIFE JIVAN SURAKSHAYA


PRIME LIFE JIVAN SURAKSHYA
(Whole life endowment with profits)
This product provides sum assured plus bonus at the end of the insurance period. Additional death risk cover for the entire life after the insurance period without any additional premium is provided.

Key Features
Insurance term can be determined as per requirement
Premium payment frequency can be chosen as per convenience
Sum insured can be chosen as per customer’s need


Policy Requirements
Minimum age of Entry 16 Years
Maximum age of Entry 65 Years
Minimum Sum 100,000
Maximum Sum Assured No limit
Minimum Policy Term 5 years
Maximum Policy Term 54 Years
Maximum Maturity Age 70 Years
Mode of Premium Payment Yearly, Half Yearly & Quarterly
Benefits
Maturity Benefits- Full sum assured plus bonus
Death Benefits - Full sum assured plus bonus

Supplementary Riders
Accidental Death Benefit (maximum up to NPR 500,000)

Sample Premium ratesFollowing is the sample premium rate for Whole Life Endowment per NPR. 1000/-

PRIME LIFE SWARNIM BEEMA






PRIME LIFE SWARNIM BEEMA
(Child Endowment with Profits)


This plan is specially designed to meet the increasing educational, marriage and other needs of growing children. At PrimeLife, we understand the value of securing child’s future and offer a plan “PrimeLife Swarnim” to help secure a bright future for children.




Key Features
Insurance term can be determined as per requirement
Premium payment frequency can be chosen as per convenience
Sum insured can be chosen as per customer’s need


Policy Requirements
Minimum Sum assured 50,000
Maximum Sum Assured 1,000,000
Minimum age of Child 0 Years
Maximum age of Child 15 Years nearest birthday
Minimum age of Proposer 18 Years
Maximum age of Proposer 60 Years
Maximum maturity age of Proposer 65 Years
Minimum policy term 10 Years
Maximum policy term 30 Years
Mode of Premium payment Yearly, Half Yearly & Quarterly

Benefits
Maturity Benefits- Full sum assured plus bonus
Death Benefits – Full sum assured plus bonus




Supplementary Riders
Monthly Income Benefit
Premium Waiver Benefit

Sample Premium ratesFollowing is the sample premium rate for PrimeLife Dhan Sagar (Money back policy) per NPR 1000/-

POST BY Bijay Thapa.


PRIME LIFE DHAN SAGAR POLICY






PRIME LIFE DHAN SAGAR
(Money Back Policy with profits)
Customers require funds for different requirements at different stages in life. Be it for child’s education, wedding or for old age. PrimeLife Dhan Sagar is structured to meet requirements at periodical intervals.



Key Features
Insurance term can be either 15 or 20 years
Premium payment frequency can be chosen as per convenience
Sum insured can be chosen as per customer’s need


Policy Requirements
Minimum Sum Assured: NPR 50,000
Maximum Sum Assured: No limit
Minimum Entry Age: 16 Years
Maximum Entry Age: 50 Years for 15 Years Term and 45 Years for 20 Years

Policy Term: 15 or 20 Years
Maximum Policy Term: 49 years
Maximum Maturity Age: 65 Years
Premium Payment Frequency: Yearly, Half Yearly and Quarterly

Maturity Benefits


15 Years Term Benefits
5 years from commencement: 25% of basic sum assured
10 years from commencement: 25% of basic sum assured
At Maturity: 50% of basic sum assured plus Bonus
20 Years Term Benefits
5 years from commencement: 25% of basic sum assured
10 years from commencement: 25% of basic sum assured
15 years from commencement: 25% of basic sum assured
At Maturity: 40% of basic sum assured plus bonus.


DeathBenefit Sum Assured plus Bonus

Supplementary Riders
Accidental Death Benefit (maximum up to NPR 500,000)
Accidental Total Permanent Disability Benefit (maximum up to NPR 500,000)

Sample Premium rates

Following is the sample premium rate for PrimeLife Dhan Sagar (Money back policy) per NPR 1000/- NPR 1000/-




PRODUCTS-PRIME LIFE SARAL JIVAN






PRIME LIFE SARAL JIWAN
PRIME LIFE SARAL JIWAN
Endowment Plan with profits

Regular saving is the best tool to protect family against unseen future uncertainties. We at PrimeLife understand the value of savings and present a regular Premium Endowment Plan which will help save regular amount for a safer tomorrow.

Key Features
Insurance term can be determined as per requirement
Premium payment frequency can be chosen as per convenience
Sum insured can be chosen as per customer’s need

Policy Requirements
Minimum Sum Assured: NPR 25,000
Maximum Sum Assured: No limit
Minimum Entry Age: 16 Years
Maximum Entry Age: 60 Years
Minimum Policy Term: 5 Years
Maximum Policy Term: 49 years
Maximum Maturity Age: 65 Years
Premium Payment Frequency: Yearly, Half Yearly & Quarterly


Benefits
Maturity Benefit: Sum Assured plus Bonus
Death Benefit: Sum Assured plus Bonus

Supplementary Riders
Accidental Death Benefit (maximum up to NPR 500,000)
Accidental Total Permanent Disability Benefit (maximum up to NPR 500,000)

Sample Premium rates
Following is the sample premium rate for Endowment per NPR 1000/-




POST BY Bijay Thapa.