Third party insurance amount for families of road accident victims to double

A microbus that suffered an accident, in Sundarharaincha of Morang, on Monday, April 30, 2018.

Kathmandu, August 8

The government is preparing to revise existing provisions on third party insurance for victims of road accident cases so that the families get more amount if their members die in mishaps.

Whereas the family gets Rs 500,000 as third party insurance currently, it will be Rs 1 million once the new provision comes into effect.

The Department of Transport Management says it is doubling the amount as transport entrepreneur committees, which otherwise would shoulder a part of the compensation to the victims, have been dissolved.

For that, the premium amount of the insurance that motorists have to pay will also be increased.

Meanwhile, the Department says it will also increase the amount that insurance companies will provide for treatment of those injured in road accidents. Currently, one injured  gets Rs 300,000 for treatment.

The Department is consulting Beema Samiti, Nepal’s insurance board, to finalise the revisions.

The two sides held a meeting today as well. The Department’s spokesperson Tulasi Ram Aryal says the Samiti has been asked to present a proposal for the revisions within next 15 days.

Published on August 8th, Wednesday, 2018 12:01 PM

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