Kathmandu. Insurance companies will get payment exchange facility from commercial banks based on the recommendation of the Insurance Authority for availing specialist services like actuary, survey and valuation from India.

Nepal Rastra Bank (NRB) has made this provision by amending the Unified Circular on Foreign Exchange Management.

“Nepali insurance companies will be able to avail specialist services from commercial banks on the basis of recommendations of Nepal Insurance Authority for exchange of payments to natural people for actuary, survey and valuation,” the circular said.