Wildlife risk-focused insurance policy to come into effect from July 1, how much is the insurance premium?
लगानी न्यूज
. The Insurance Authority of Nepal (BEE) has approved the wildlife risk-based insurance policy effective from July 17.
The provincial government, local governments, the Department of National Parks and Wildlife Conservation as well as various organizations in the wildlife-affected areas have demanded to make arrangements to cover the losses caused by wildlife through insurance.TAG_OPEN_div_35 According to the NRA, the insurance policy has been approved for the wildlife risk-based insurance policy as it is seen to be effective in managing the wildlife risk by including it in the insurance system.
The authority has consulted and received suggestions from the provincial government, local government, Department of National Parks and Wildlife Conservation, officials of various national parks and reserves, representatives of buffer zone consumer committee, forest user committee, wildlife experts and residents of wildlife affected areas while preparing the insurance policy TAG_OPEN_div_33 ।
According to the data received from the Department of National Parks and Wildlife Conservation, the government of Nepal distributes more than Rs 15 TAG_OPEN_div_31 0 million as relief to the affected wildlife affected people every year due to the damage caused to human property, agricultural crops and livestock by wildlife in the buffer zone of the national park and wildlife reserves.
In the last five years, the government has distributed relief to about 780 million wildlife affected people.TAG_OPEN_div_30
Non-life and micro non-life insurance companies licensed by the Authority will be able to issue wildlife risk-focused insurance policies.TAG_OPEN_div_28 The main features of the wildlife risk-focused insurance policy include integrated wildlife risk-focused insurance policy with a term of one year, the subject of wildlife risk-focused insurance policy, maximum sum insured and premium.
} Similarly, even if all the risks are not simultaneously covered by the wildlife risk-focused insurance policy, the insurance policy will continue throughout the term of the policy, the insurance policy will cover only the livestock reared for agricultural purposes, the insured should inform the insurer about the change in the ownership of the house and physical infrastructure or livestock. It is mentioned that the fee should be transferred.
The insured should prove that the permanent/temporary disability is completely disabled, the insurance policy should cover the agricultural crops covered by the insured within the policy period up to the limit of the sum assured, the insured should keep the details of the damage safely and the details of the loss can be removed from the place of loss only after the preparation of the survey report and the insurer should facilitate in the payment of the claim even if the insurance policy is lost from the insured ।
In the event of death of the insured person or family member due to an accident, within the limit of the sum assured, the insured shall pay for the management and funeral expenses within seven days of the incident. Similarly, the insurer should deduct 5 percent of the claim amount other than the human death claim payment and the insured should pay the claim by deducting 5 percent of the claim amount, and if the house made of concrete, kutcha, thatch, tin or mud built for the purpose of living in the insured person and the structures like cowshed, kitchen, toilet, wall inside the premises will be covered up to the maximum insured amount ।
In case of accident or damage due to wildlife attack, the insured should inform the insurer within 48 hours of the time of the damage, the insurer should start the claim process immediately after receiving the information or information related to the claim, the insurance policy will cover the risk of wildlife: elephant, rhinoceros, tiger, bear, leopard, jackal, deer, wolf, wild dog, wild boar, wild boar, crocodile, gaurigai, python, nilgai, monkey, porcupine and blackbuckTAG_OPEN_div_20 ।
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