Kathmandu. The Karnali State government will be implementing the upcoming fiscal year 2082 BS. In the budget and program for 83, it has been announced to continue the insurance program for disaster management.
Minister for Economic Affairs and Planning Mahendra KC announced in the 10th meeting of the fourth session of the second term of the Provincial Assembly on Sunday that Rs 45 million has been allocated for the home insurance programme.
The home insurance program will be run under the Disaster Home Protection Program for vulnerable, vulnerable, remote, backward areas and other low-income citizens.
The Karnali State Council of Ministers had published the working procedure related to the operation of the home insurance program approved on March 1, 2081 in the State Gazette on April 2, 2081.
The state government will maintain a maximum sum assured of Rs 100,000 per household and pay the amount for risk assessment. In case a house worth more than Rs 2 million or more than one number of a single family has to be insured, the landlord himself will have to pay the additional insurance amount to the concerned insurer.
Under the house insurance program, there is a provision to provide compensation through insurance to the houses damaged by nine types of disasters including earthquake, fire, flood and inundation, storm, landslide or landslide, hailstorm, air accident.
An on-site survey was started in May last year to insure 10,000 households in Sharda municipality area of Salyan district of Karnali state. The state government has implemented a procedure to insure the houses under the local municipalities that are at high risk of earthquake.
According to the provisions of the procedure, houses made of wooden houses, straw and stone will not be included under this insurance program. Most of the houses in Karnali have been built with wood or stone, and the number of pucca houses is low.
The state government is going to continue the collective disaster risk accident insurance program for low-income citizens. The state government has been providing accident insurance worth Rs 200,000 to each family under the Collective Disaster Risk Accident Programme for the last four years.
The state government has also allocated budget for the insurance program of media houses and journalists.
