Sunday, December 26, 2021 (Poush 11, 2078) : On 2078/06/06, Beema Samiti issued a directive for nonlife insurance companies titled “Minimum Premium Rate for Non-Tariff Insurance Business”. IPPAN and FCAN has been strongly advocating for the immediate reversal of the directive. Accordingly, a team consisting members from both IPPAN and FCAN handed over a memorandum with a seven-day deadline to the senior officials of Beema Samiti. The team wanted to meet with Beema Samiti Chairman but he was not present in the office. As the directive was brought without any consultation whatsoever with the relevant stakeholders, various organizations such as IPPAN and FCAN, have been asking that the directive, which is regressive in nature and will halt the entire sector, be repealed with immediate effect.