Kathmandu. Life Insurance Association Nepal has invited bids from qualified institutions to set up Nepal Financial Reporting Standard-17 (NFRS-17) of its member life insurance companies.
Issuing a notice today, the association has invited eligible entities interested in doing NFRS-19 of the companies to submit their bids. At present, there are 14 life insurance companies affiliated to the association.
The association is going to implement the financial statements of its affiliated companies through NFRS-17 method. For this, the organization submitting the proposal will have to study the difference and impact of the life insurance business of the companies.
Similarly, the organization should also prepare the framework for the implementation of NFRS-17. The organization will also provide training and training to the members of the company.
Interested organizations can submit the bid proposal to the association within 15 days.
