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Surge in Insurance Policy Surrenders Amid Economic Slowdown

KATHMANDU: Insured individuals in Nepal surrendered insurance policies worth Rs 1.21 billion between mid-May and mid-June this year, highlighting the impact of the ongoing economic slowdown on policyholders. According to records from the Nepal Insurance Authority (NIA), a total of 98,136 insurance policies worth Rs 11.91 billion were given up...

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