GIC Nepal joins NPI; agreement to automate insurance company’s payment related process


General Insurance Company Nepal Ltd. has signed an agreement with Nepal Clearing House Ltd. (NCHL)for automating its various payments related processes, including disbursements and collections, through NCHL payment systems. The agreement was signed by Mr. Ram Chandra Shrestha, CEO of GIC Nepal, and Mr. Neelesh Man Singh Pradhan, CEO of NCHL.

With this, GIC Nepal has become another non-life insurance company to directly integrate its system(s)with the National Payments Interface (NPI) of NCHL, enabling the insurance company to process the disbursement transaction, like claim proceeds, credit note payment, agent commission, survey payment, salary payment, purchase/ve

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