Nepal Life Insurance

A compensation of 22 lakhs, in case of death in foreign employment

प्रकाशित मिति: १ मंसिर २०७४, शुक्रबार १२:३२

सागर चन्द

 

Nov -17, Kathmandu/

In case of death of the workers while in foreign employment, their family members can get a compensation of 22 lakhs rupees. 15 lakhs as a consideration of insurance contract and 7 lakhs from the Foreign Employment Promotion Board which aggregates 22 lakhs of compensation. The workers who went foreign by approving their labor on 2073 Baisakh 1 can get insurance money since they had taken a policy of 15 lakhs rupees.

Besides that, earlier, the board had been giving a compensation of 3 lakhs rupees. / But the recent amendment and application of foreign employment regulation-2074 provide that, in case of death of any Nepalese worker during the period of the deliverance of labor in foreign land attracts an additional compensation 4 lakhs to the former 3 lakhs of compensation, which aggregates 7 lakhs of compensation.

Due to the appearance of some complex health disorder in the laborers who went to a foreign land by approving their labor on 2073 magh 15, can claim a sum of 5 lakhs rupees as per the regulation. “ Now the family of the dead workers can have a compensation of 22 lakhs from the board as well as an insurance contract, says the executive director of foreign employment promotion board Raghu raj khafle. “ Besides that, in case of death by a specified disease, attracts a further compensation of 5 lakhs, he said. “

The board further notifies that even the death of any worker, in Nepal, while on vacation still attracts the compensation, provided within the period of the contract. Even after 1 year of completion of the duration of labor approval, the death a of worker, complex disease as well as the mutilation attracts the board compensation.

Foreign employment (termed) life insurance policy

The life insurance policy taken for the protection of the laborers in a foreign land is known as foreign employment (termed) life insurance policy. This policy is for a specified period.

The insurance term is determined on the basis of workers visa duration. Government has made this compulsory. Under this plan, in case of death of the worker during the insurance term, an individual designated by the worker prior to death can claim the comprensation. Likewise, in case of a fatal disease like kidney failure, cancer and so on, immediate payment of compensation is made. The policy amount of this type of insurance is 15 lakhs rupees. In case of fatal disease the company pays additional 5 lakhs rupees.

Conditions

While applying the premium, whole amount premium of the period has to be paid. Under this type of insurance, paid amount, surrender amount or loan type of facilities are not available.

Situation of not carrying the risk

Except for the legally permitted flight , any other  flight, involvement in any war, violation of any civil enactment, going to legally forbidden foreign land  for the foreign employment by the Nepalese Government , doesn’t enforce any sort of liability on part of the insurer in case of death , disability or even mutilation .

 

 

 

 

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