The Nepal Insurance Regulatory Authority has directed licensed insurers, reinsurers, micro-insurers and insurance intermediaries to make all payments via electronic means, paid into the bank account of the relevant person or institution. The requirement applies to all types of payments made by the regulated entities and is set to be mandatory from Magh 1, 2082.
Nepal Insurance Regulatory Authority 2026-01-05
Nepal Insurance Regulatory Authority mandates electronic payment of all insurance-sector disbursements from Magh 1, 2082
The Nepal Insurance Regulatory Authority mandates that all licensed insurers, reinsurers, micro-insurers, and insurance intermediaries make payments electronically to the bank accounts of relevant persons or institutions. This requirement applies to all payment types and becomes mandatory from Magh 1, 2082.