Kathmandu. With the sale of foreign employment insurance policies sold by life insurance companies through the insurance bridge, the income from insurance has also increased.
The life insurer earned the insurance premium for the insurance policy issued through the insurance bridge in the last fiscal year 2081. They have achieved 17 percent increase in the same month of the current fiscal year as compared to the same month of July 2018. The number of foreign employment insurance policies has also increased along with the insurance premium amount.
With the increase in the number of human resources leaving the country with labour permit, the insurance income has also increased as term insurance has been made mandatory for Nepali workers going for foreign employment.
According to the Department of Foreign Employment, the number of people who took labour permit for foreign employment for the first time in the last fiscal year 2081. There has been an increase of 20 percent compared to 82. A total of 44,464 people had taken labour permits from the department for the first time in July last year. Of these, 6,065 are women. Last fiscal year 2081. The number of people who took labour permit from the department for the first time in July 2018 was 36,928. Of these, 5,672 were women workers.
According to The Nepal Insurance Authority, the current fiscal year 2082. A total of 2,619,236 foreign employment policies have been issued by the insurers till July 1983.
