Government Prepares to Provide Three Types of Insurance Services to Displaced Persons in Holding Centers

May 11, Kathmandu: The Office of the Prime Minister and Council of Ministers has announced rapid preparations to offer accident insurance, health insurance, and life insurance services to displaced squatters residing in holding centers across the Kathmandu Valley. The government is making arrangements to provide these insurance programs to ‘landless and unorganized settlers’ taking shelter in the designated holding centers.

Facilitated by the Prime Minister’s Office, the Ministry of Infrastructure Development is planning to provide collective and individual accident insurance coverage for residents of the holding centers, along with educational plans for children. To implement this, the Office of the Prime Minister and Council of Ministers, Ministry of Finance, Ministry of Infrastructure Development, Ministry of Land Management, Cooperatives and Poverty Alleviation, Ministry of Federal Affairs and General Administration, Nepal Insurance Authority, National Insurance Company, National Life Insurance Company Limited, Health Insurance Board, and Nepal Rastra Bank have all made necessary preparations.

Currently, approximately 1,488 displaced persons are sheltered in six holding centers within the Kathmandu Valley, according to the Prime Minister’s Office. Over 95 percent of these individuals have completed digital data collection. The government will fully cover all costs and premiums associated with the insurance programs, with the required funding already secured. The plan is to sustain this program continuously for at least 10 years.