The Insurance Committee has issued the Agriculture, Livestock and Herbs Insurance Directory, 2079 to be applicable from July 17.
Rajuraman Paudel, Executive Director and Spokesperson of the Insurance Committee, informed that the previously released Insurance Directory 2077 has been canceled. As mentioned by the Nepal government in the budget for 2079/80 financial year, there will be an arrangement to ensure the cultivation of herbs, the committee has issued the guidelines including herbs.
In the guidelines, the insurance company should do agriculture, livestock, and herbal insurance business in the district assigned to them, the insurer should open a branch office in the district near the agricultural knowledge center or the agriculture and animal service office, in the case of insurance articles prepared by the insurer itself and issued with the approval of the committee, and in the case of short-term insurance articles that do not receive subsidies. There is a provision that insurance articles can be issued and agricultural, livestock and herb insurance can be done collectively.
