Kathmandu. The insurance board has come up with the new regulation regarding the increment in the salary of the chief executive officers of the insurance company. While giving increment over the salary, allowance and facilities to the CEO, the criteria regarding the need to giving the increment in the salary of other employees as well as increasing the earning source of the companies, has also been fixed.
The Insurance board by issuing the Salary allowance and facilities of the Executive officer guideline , 2074 has brought the legal provision regarding the need of the company to give increment in the salary of other employees along with the property of the company too while increasing the salary of the chief executive officer of the company . As per the guideline 2074 , the insurer has to divide the salary , allowance and facilities being given to the chief executive officer into 4 division but any facilities ,other than definite annual pay, payment as per the work delivery , insurance related facilities as well as other financial facilities , will not be provided .
The executive officer can get termed accident , family health insurance premium , one set mobile and the connected expenses , one set laptop, one line internet connection and its connected expenses , the petroleum expense of the vehicle , expense of the driver as per the first class certified by the Nepal Government , share reserved for the employees by the insurer . For the newspaper, 1% of the annual earning can be provided while in the foreign tour, the travel and Medical insurance facility is also provided.