The provincial government of Koshi has launched the process of drafting a dedicated provincial insurance act aimed at regulating and strengthening the insurance sector within its jurisdiction. According to authorities in Biratnagar, the legislation is being designed to make policy coverage more systematic, universally accessible, and efficient for residents across the province. A central objective of the proposed law is to reduce financial vulnerabilities facing marginalised populations, agricultural workers, and laborers employed in the informal sector. By establishing a localized legal framework, the provincial administration plans to safeguard these vulnerable groups against sudden economic shocks and income losses. The provincial administration intends to push insurance accessibility deep into rural communities through this tailored legal mechanism. The proposed provincial insurance act is expected to lay out specific provisions for extending financial security tools to remote areas, ensuring that insurance services reach beyond urban centers to protect rural households.
Koshi Province prepares dedicated insurance act for farmers and poor citizens
The provincial government in Biratnagar aims to expand coverage to rural areas and informal sector workers.
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In short
- Koshi provincial government begins drafting a dedicated provincial insurance act in Biratnagar.
- The law focuses on mitigating economic risks for impoverished residents, farmers, and informal workers.
- The initiative aims to make insurance services systematic, accessible, and active at the rural level.
From public sources and the WeNepal research team
https://wenepal.com/article/koshi-province-prepares-dedicated-insurance-act-for-farmers-and-poor-20261101
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