$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '8788',
'hit' => '1029'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/'
$user = null
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
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '8788',
'hit' => '1029'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/'
$user = null
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
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '8788',
'hit' => '1029'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://www.old.newbusinessage.com/app/webroot/img/news/'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
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
Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal
1 min 22 sec to read
August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.
The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.
However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.
“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.
The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
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
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
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '8788',
'hit' => '1029'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
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 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '8788',
'hit' => '1029'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
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
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '8788',
'hit' => '1029'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
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]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '8788',
'article_category_id' => '1',
'title' => 'Proposed Insurance Bill Allows Foreign Insurance Companies to Operate in Nepal',
'sub_title' => '',
'summary' => 'August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. ',
'content' => '<p>August 1: The Insurance Bill presented by the government at the parliament has proposed allowing foreign insurance companies to provide insurance service in Nepal. After the approval of the bill and its authentication by the president, those businesses which are not recognized by Nepali insurance companies can now purchase insurance policy from foreign companies.</p>
<p>The existing legal provisions state that properties owned by Nepalis within the country should be insured by domestic insurance companies. As per those laws, foreign companies cannot provide insurance service in Nepal. But the proposed Insurance Bill has omitted such provision.</p>
<p>However, Nepali insurance companies have expressed their dissatisfaction towards the provisions of the bill. They argued that if the bill is endorsed without any amendment, the Nepali insurances companies will face losses.</p>
<p>“If the bill is approved with such provision, foreign insurance companies can possibly run insurance business in Nepal. The Nepali insurance companies will have to bear great loss if this happens. Even the domestic reinsurance companies won’t get market here,” said one of the CEOs of an insurance company adding that millions of rupees will go out from Nepal through premium when foreign companies are allowed to run insurance business in the country. He also urged the government to amend the bill stating that Nepali insurance companies are ready to bring necessary insurance schemes in the market.</p>
<p>The Insurance Board on the other hand said that the provision will be beneficial for the insurance market. It expressed its belief that the provision will enhance the capacity of Nepali insurance sector.</p>
<p> </p>
',
'published' => true,
'created' => '2018-08-01',
'modified' => '2018-08-01',
'keywords' => '',
'description' => '',
'sortorder' => '8567',
'image' => null,
'article_date' => '2018-08-01 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '8788',
'hit' => '1029'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
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
