Banking News – An agreement has been signed between Sagarmatha Lumbini Insurance Company Limited (SALICO) and Himalayan Bullion Company Limited to provide accident insurance facilities with the objective of providing additional financial security to customers and members.

According to the agreement, eligible customers affiliated with Himalayan Bullion’s membership scheme will receive SALICO’s accident insurance facility according to their membership tier. Customers joining the scheme will receive accident insurance facilities of up to Rs 1 lakh for Silver Membership, up to Rs 5 lakh for Gold Membership, and up to Rs 10 lakh for Diamond Membership.

The insurance facility will come into effect from the upcoming Bada Dashain’s Ghatasthapana. This collaboration has been made with the objective of providing such security to Himalayan Bullion’s customers and members while minimizing financial risks that may arise from accidental incidents.

Under this collaboration, the available insurance facility will cover death and permanent or temporary disability due to accidents, as well as accident-related treatment expenses, as mentioned in the membership scheme. This collaboration, made with the objective of connecting service and security for customers, will provide Himalayan Bullion’s members with the opportunity to receive additional security facilities along with their membership scheme.

SALICO has been providing more effective insurance protection by expanding insurance access and collaborating with institutions in various sectors, addressing customers’ changing needs and risks.