Stories Tagged 'Insurance'
Policyholders are the fourth group of creditors to be paid in case an insurance company goes into liquidation as per the Insurance Bill currently being discussed in Parliament. Insurance Board (IB) officials said the provision could discourage people from buying insurance policies.
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Apple farmers of Jomsom, Mustang have gotten their crops insured for the first time, allowing them to receive cash compensation should their crops face unfavourable weather.
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Families of the victims of US-Bangla plane crash are each entitled to get up to Rs20.06 million (Tk 16 million) in compensation from the airlines and its insurers under international aviation laws.
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Insurance stocks took off on Sunday following the disclosure by the Insurance Board that insurance companies would have to increase their paid-up capital.
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The insurance sector regulator has directed life and non-life insurance companies to raise the minimum stock of paid-up capital by four times within mid-July 2018 to bolster shock absorbing capacity of insurers.
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Tags: Insurance
The Insurance Board (IB) has hiked the insurance coverage amount by five times in the case of death of passengers in vehicle accidents, effective from the beginning of the next fiscal year.
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