Nepal's Insurance Board to set up monitoring team to keep tab on insurers

Nepal's Insurance Board has been setting up a monitoring team to keep tab on the country's insurers to ensure that they settle claims related to the recent earthquake without delay, reported E Kantipur.

"The board initiated the move to guarantee that the insured individual who suffered from the natural disaster receives quick relief," said Raj Kumar Aryal, an IB spokesman. The team will check if the insurers use a fast track method for quick claims settlement.

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