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Insurance Board to Introduce One-Door System for Covid-19 Insurance Settlement

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Insurance Board to Introduce One-Door System for Covid-19 Insurance Settlement
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October 9: The Insurance Board is making preparations for a one-door-system for settling insurance claims for Covid-19  after facing severe backlash for the delay in making payment.

The board is preparing a one-door system to make the settlement easier and faster. The board informed that necessary preparations are being made in this regard.

Executive director of the Insurance Board Rajuraman Poudel informed that the one-door system will be implemented from the coming week.

“The Insurance Board has been closed after an employee was diagnosed with coronavirus. The office is planning to open from next Sunday (October 11),” said Poudel, adding, “Probably, we will implement it from Sunday or Monday.” After the implementation of this provision, the previous claims and the new claims will be settled through one-door system.

The board says that the one-door system is being implemented as there are chances that the insurance claim can be repeated. Similarly, there is a possibility that the claim will be paid even if fake report is submitted.

The settlement issue has been lengthy because the insurance company has to seek approval from the insurers’ association after receiving an application for insurance claim.

 As a result, the settlement of insurance claims was delayed due to lengthy and bothersome process. Now, the board believes that the one-door system will speed up the process of insurance claim.

 

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