Kathmandu. Himalayan Life Insurance is offering a discount of up to 75 percent on the late fee charged on expired insurance policies. The company has stated that it has made arrangements for discounting interest penalties on expired insurance policies purchased from the former Prime Life Insurance, Union Life Insurance and Gurans Life Insurance at various times.
The company has stated that the interest and penalties charged on renewal and revival of expired insurance policies will be waived from today, Falgun 19 to Falgun 29. The company has stated that it will provide a 75 percent discount on interest penalties for insurance policies that have been in effect for up to 7 years and a 50 percent discount on interest penalties for insurance policies that have been in effect for more than 7 years.
