Banking News – An agreement has been signed between Mahendra Morang Adarsha Multiple Campus, Biratnagar and the Nepal Insurance Authority Koshi Provincial Office, Biratnagar regarding the operation of an internship program, with the objective of providing students an opportunity to put the theoretical knowledge gained in the classroom into practice.

According to the agreement, students studying at the campus will get the opportunity to intern at the Nepal Insurance Authority’s Koshi Province Office, Biratnagar. Rajendra Maharjan, Koshi Province Head of the Nepal Insurance Authority, informed that through the internship, students are expected to gain direct experience of the institutional structure, working procedures, policies, service delivery, and regulation of the insurance sector. He expressed confidence that students will understand the real situation of insurance and that this will provide additional support for research in the insurance sector in the future and for employment in the insurance field.

On the occasion, Maharjan stated that the agreement is viewed as an important step in further strengthening collaboration between the education and professional sectors, and that it is expected to contribute to enhancing students’ practical knowledge as well as developing skilled human resources needed for the insurance sector. He stated that the Authority will advance insurance education and awareness among students studying at the college as subject experts.

Dr. Ramavatar Sharan, Chief of Mahendra Morang Adarsha Multiple Campus, stated that such collaboration is necessary for enhancing students’ practical competence along with their academic development. Professor Achyut Raj Kattel stated that if the agreement program can provide students studying in higher education with workplace experience during their studies, their capacity, confidence, and professional competence will become more effective.

The Nepal Insurance Authority has stated that it has been prioritizing the development of skilled human resources for the development of the insurance sector, as well as the growth of insurance awareness and expanding knowledge and awareness about insurance among the younger generation while regulating the insurance sector. The Authority believes that collaboration with educational institutions will help students closely understand the opportunities and challenges of the insurance sector. The internship program is expected to help reduce the gap between the field of study and employment for the campus students. Additionally, through this, students will get the opportunity to gain the skills and experience necessary for building their careers in the insurance, banking, and financial sectors in the future.