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<p>After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.</p>
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<p>After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.</p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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'content' => '<p>June 24: The Insurance Board (IB), the insurance sector regulator has changed the foreign employment (term) life insurance premium. IB Director, Shreeman Karki informed that the insurance premium rate that was fixed to be implemented from mid-April has been decreased by 20 percent. According to him, the premium cost has been decreased as the IB has barred insurers from extending agent commission on sales of foreign employment (term) life insurance policies. The Board took the decision to free foreign job seekers from financial burden of agent commission, as the foreign job-seekers are usually of low income level.</p>
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<p>After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.</p>
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June 24: The Insurance Board (IB), the insurance sector regulator has changed the foreign employment (term) life insurance premium. IB Director, Shreeman Karki informed that the insurance premium rate that was fixed to be implemented from mid-April has been decreased by 20 percent. According to him, the premium cost has been decreased as the IB has barred insurers from extending agent commission on sales of foreign employment (term) life insurance policies. The Board took the decision to free foreign job seekers from financial burden of agent commission, as the foreign job-seekers are usually of low income level.
The IB’s latest move comes almost two-and-a-half months after it doubled the coverage amount of foreign employment policies to Rs 1 million from Rs 500,000. Although the policy’s coverage had been hiked by 100 per cent, the premium cost was raised by only 65 per cent at that time. Although the premium rate has been decreased from mid-July, the insurance amount compensated to the nominee after the death of the policy owner has remained the same.
After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.
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include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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'content' => '<p>June 24: The Insurance Board (IB), the insurance sector regulator has changed the foreign employment (term) life insurance premium. IB Director, Shreeman Karki informed that the insurance premium rate that was fixed to be implemented from mid-April has been decreased by 20 percent. According to him, the premium cost has been decreased as the IB has barred insurers from extending agent commission on sales of foreign employment (term) life insurance policies. The Board took the decision to free foreign job seekers from financial burden of agent commission, as the foreign job-seekers are usually of low income level.</p>
<p>The IB’s latest move comes almost two-and-a-half months after it doubled the coverage amount of foreign employment policies to Rs 1 million from Rs 500,000. Although the policy’s coverage had been hiked by 100 per cent, the premium cost was raised by only 65 per cent at that time. Although the premium rate has been decreased from mid-July, the insurance amount compensated to the nominee after the death of the policy owner has remained the same.</p>
<p>After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.</p>
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'content' => '<p>June 24: The Insurance Board (IB), the insurance sector regulator has changed the foreign employment (term) life insurance premium. IB Director, Shreeman Karki informed that the insurance premium rate that was fixed to be implemented from mid-April has been decreased by 20 percent. According to him, the premium cost has been decreased as the IB has barred insurers from extending agent commission on sales of foreign employment (term) life insurance policies. The Board took the decision to free foreign job seekers from financial burden of agent commission, as the foreign job-seekers are usually of low income level.</p>
<p>The IB’s latest move comes almost two-and-a-half months after it doubled the coverage amount of foreign employment policies to Rs 1 million from Rs 500,000. Although the policy’s coverage had been hiked by 100 per cent, the premium cost was raised by only 65 per cent at that time. Although the premium rate has been decreased from mid-July, the insurance amount compensated to the nominee after the death of the policy owner has remained the same.</p>
<p>After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.</p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p>The IB’s latest move comes almost two-and-a-half months after it doubled the coverage amount of foreign employment policies to Rs 1 million from Rs 500,000. Although the policy’s coverage had been hiked by 100 per cent, the premium cost was raised by only 65 per cent at that time. Although the premium rate has been decreased from mid-July, the insurance amount compensated to the nominee after the death of the policy owner has remained the same.</p>
<p>After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.</p>
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<p>The IB’s latest move comes almost two-and-a-half months after it doubled the coverage amount of foreign employment policies to Rs 1 million from Rs 500,000. Although the policy’s coverage had been hiked by 100 per cent, the premium cost was raised by only 65 per cent at that time. Although the premium rate has been decreased from mid-July, the insurance amount compensated to the nominee after the death of the policy owner has remained the same.</p>
<p>After the implementation of changed system from April, the policyholders became entitled to compensation of Rs one million in case of death in foreign land. Before April, the amount was only Rs 5, 00,000. The decision was taken according to the recommendation made by Foreign Employment Promotion Board. However, the insurance premium differs based on age of foreign job aspirants and the tenure of the policy.</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
