Bima Samiti Insurance Board job Vacancy notice published for various posts and levels. Beema Samiti Nepal published a notice regarding vacancies in various posts and levels. Beema Samiti is a governmental committee of the Nepal Government.
Bima Samiti Job Vacancy Post Details
Job Vacancy Application Deadline: 2078 Chaitra 13 ( Double Fee: upto Chaitra 20)
Application form download from: www.nib.gov.np
Age Limit: Given below
All the job vacancy details are given below.
Bima Samiti Job Vacancy Beema Samiti Job vacancy Insurance Board
Introduction of Bima Samiti Beema Samiti Insurance Board Nepal
Beema Samiti (Insurance Board) is the Insurance Regulatory Authority of Nepal which is under Ministry of Finance, Government of Nepal. The word ‘Beema’ means ‘Insurance’ and ‘Samiti’ connotes ‘Board’. Hence, the Word ‘Beema Samiti’ is synonymous to Insurance Board which is constituted to systematize, regularize, develop and regulate the insurance business within the country under Insurance Act, 1992. This Samiti (Board) looks after all the insurance related activities in the Federal Democratic Republic of Nepal. As a regulatory body, the Board’s main concern is to create a professional, healthy and developed insurance market in Nepal.
Further more, after the restoration of democracy in 1990 AD, insurance environment began to change simultaneously along with other factors. Thus to meet the requirements of the changing situation, Insurance Act, 1968 was repelled by new Insurance Act, 1992 (Beema Ain, 2049). The preamble of the Act clearly states the purpose of the Act, thus “to establish an Insurance Board to systematize, regularize, develop and regulate the insurance business”. To achieve the goal of the preamble, Beema Samiti (Insurance Board) is formed as an autonomous body as per the Insurance Act of 1992.
Roles, Function & Responsibility
In order to systematize, regularize, develop and regulate the insurance business in Nepal, the following functions, duties and powers are conferred on Beema Samiti:
To Provide suggestions to Nepal Govt. to formulate necessary policy for systematizing, regularizing, developing and regulating the insurance business,Set out guidelines for insurers to invest their fund and prescribe the priority sectors for such investment,
Register and renew the Insurer, Insurance Agent, Surveyor or Broker and to cancel or cause to cancel such registration,
Arbitrate in the disputes, which arises between the insurer and insured,Make decision on the complaints filed by the insurer regarding to the settlement of liability of the insurance,Issue necessary directives to the insurer from time to time regarding insurance business,
Formulate necessary basis fo the protection of interest of the insured, and Do or caused to do other necessary functions regarding insurance business.