Kathmandu, Jan. 7
The Nepal Insurance Authority (NIA) has directed all insurance companies
to ensure that all types of payments are made mandatorily through electronic
systems from January 15, Thursday.
The NIA issued instructions on Tuesday to life insurance companies,
non-life insurance companies, microinsurance companies, reinsurance companies
and insurance brokers to make arrangements so that, from January 15 onwards,
all payments are compulsorily made through electronic systems directly into the
bank accounts of the concerned individuals or institutions.
The directive has been issued in line with the Anti-Money Laundering
Directive, 2082, which requires insurers to ensure that claim payments under
insurance policies are deposited into the bank accounts of the rightful
beneficiaries in accordance with policy terms or prevailing laws.
It also follows the government provision mandating that all payments made
by public bodies be conducted digitally through the banking system.
Previously, the NIA had instructed insurance companies to ensure that
remuneration or wages paid to permanent, temporary and any other category of
employees and workers are mandatorily disbursed through banks or financial
institutions into the respective employees’ or workers’ bank accounts.
Published in The Rising Nepal daily on 8 January 2026.
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