KATHMANDU: National Life Insurance Company Limited and Nepal Bank Limited have signed an agreement to provide life insurance to the employees of the bank.

The agreement was signed by Smriti Raj Kandel, Deputy Chief Executive Officer of National Life Insurance and Dipendra Raj Kafle, Assistant Chief Executive Officer of Nepal Bank. As per the agreement, life insurance will be provided to the employees of Nepal Bank. The agreement has been signed between the two organizations with the objective of further strengthening the life security and financial risk management of the employees.

The life insurance facility is expected to provide financial security to the employees of the bank and their families in case of potential risks. Both the organizations believe that this will also help in the social and economic security of the employees. The concerned officials and officials of both the organizations were present in the agreement. The officials who participated in the program said that life insurance will play an important role in the safety, welfare and long-term well-being of the employees.

They believe that this type of collaboration between the bank and the insurance company will provide financial protection to the employees from risk and will further strengthen the institutional relationship between the two organizations. National Life Insurance has been providing various types of life insurance and risk management services keeping in mind the needs and interests of the customers and institutional partners.

According to the company, expanding life insurance facilities targeting the employees working in the institutional sector is important from the point of view of financial security and risk management of the employees. The insurance agreement for the employees of Nepal Bank has laid the foundation to address the life security of the employees in an institutional manner. After the agreement, the employees will get life insurance facilities as per the specified insurance plan.

The collaboration between the two organizations is expected to expand the reach of insurance services focused on life safety, financial risk management and corporate well-being.