Dubai police careers, these jobs can be filled by foreigners.

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Dubai police careers, these jobs can be filled by foreigners.

The Dubai Police is an autonomous agency of the Dubai government which has 17,500 strong members of its family. Dubai police force is one of the well equipped and well-trained police forces in the world. If you’re a foreigner and you’re looking for Dubai police careers, this article will give you the information for being part of the world’s most modern police force.

Since the UAE is heavily dependent on foreign labor to drive its economy, the majority of the country ‘s population is not UAE ethnic. 85 percent, the population of Dubai are foreigners who have resided here for jobs, education, business, and residence.

Although the majority numbers of the police officers are local some other countries’ national also working in various departments and ranks. Dubai police began recruiting expatriates when it came up with a community police concept.

Most foreign nationals will join as community police officers in Dubai whose duty is to patrol residential areas, gather information on the infringement, and create a safe and secure environment for community members.

Apart from the community patrol, the police officers will do other types of regular duties which are as following;

  1. Post Duty
  2. Traffic control
  3. Investigation
  4. Secure public places such as nuclear sites, and other government entities.
  5. Jail Guard or prison guard
  6.   Event security and VIP protection
  7. Technical officers (IT or mechanical)

How to look for Dubai police careers?

To look for the Dubai police job you can use both online and offline channels. Use the Dubai police careers website where the vacant position is published by the Dubai police or Being told about the opening by your friend and family members who are already serving in the Dubai Police Force.

How to apply for a Dubai police job?

When you find the job vacancy in the Dubai police job portal can apply online. Another way present yourself at the Dubai police station where they receive the application.

Do Dubai police hire a foreign national?

Dubai police do not hire foreign nationals as a regular police officer except community officers or other positions just like technical jobs. Community officers do not have the power to arrest and investigate, but they play an important role in supporting local police officers in various scenarios.

Foreigners will work in Dubai Police Support Units, not operational units. Only the highly qualified candidates of foreign national will get the change in the following roles. Although they employe in the Dubai police force, not considered the uniformed officers.

  1. IT and computer engineers
  2.  Forensic medicine specialist
  3. specialist medical doctor

The Requirement of the Dubai police officers

  1. Mentally fit for carrying out the duties.
  2. Medium built
  3. At least 5 feet 8 inches tall for male
  4. At least 5 feet 5 inches tall for females.
  5. ‎Equivalent Degree/Diploma
  6. speak, read and be able to write in Arabic fluently

What is the recruitment process of the Dubai police?

DP has its own recruitment policy where the candidates need to pass several tests such as the physical, written, oral, and medical. Only the successful candidate will refer to the training of Basic Police Officers in the Dubai Police Academy.

The cadres shall pass out from the Dubai Police Academy after completing the training and deploy for assignments in several units of Dubai police.

Do the foreign national can work permanently in Dubai police?

I have already said that Dubai police hire foreign talent in positions where UAE nationals are not available. All expatriates working for the Dubai police have a 2-year contract that requires renewal after expiry.

Conclusion: As a UAE national, you can join the Dubai police force in your preferred roles if your educational qualifications meet the requirements. The foreign nationals also can grab the Dubai police careers but they should have the exceptional skill which can not fill by the Emirates.

You may interest on; 

Qatar police job 

Asian Life Insurance Nepal, What everyone must know?

Ranga Singh
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Asian life insurance Nepal is one of the oldest and leading insurance companies established on 27 February 2008 (Falgun 15, 2064) after obtaining an operating license from Nepal Bima Samiti (Nepal Insurance Board).

Although the company’s authorized capital is Rs. 5 billion the paid capital is Rs. 2.01 billion and has made the government requirement in terms of paid-up capital for insurance companies in Nepal.

Only 30% of the company’s share has been held by the general public, while 70% is held by the promoters. The company has two major promoters which are popular financial institutions;

  • Mahalaxmi Development Bank Limited, Kathmandu
  • Guheshwori Merchant Banking & Finance Ltd., Lalitpur.

National life insurance has operated full-fledged branches in 36 districts an additional 90 sub-branches across the country. There is not any district in Nepal where national life has not presented yet.

What are the products of Asian Life insurance Nepal?

The company offers a wide range of products through a strong and diversified sales network as follows;

  1. ENDOWMENT POLICIES
    • Nava Ratna
    • Dhan Sambriddhi (Limited Payment Anticipated Endowment Plan)
    • Asian Child Endowment (BAL UMANGA)
    • Asian Endowment Plan
    • Child Insurance
    • Pension Plan
    • Asian Limited Payment Endowment Plan (Jeevan Ratna)
    • Joint Life (Dampati Surachha Plus)
  2. TERM INSURANCE
    • Saral Surachha (Term)
  3. Asian Endowment & Whole Life (SUKHI JIVAN)
    • Jivan Sanjivani
  4. MONEY BACK POLICIES
    • Asian Moneyback-12
    • Asian Moneyback-15
    • The Asian Moneyback-18
    • Asian Moneyback-20
    • Asian Annual Money Back Endowment Plan
  5. MICRO INSURANCE
    • Term Micro Insurance
    • Endowment Micro Life Insurance Plan

Most of the insurance companies in Nepal offer similar products, but Asian life insurance provides more benefits for each product than others.

Where has the Asian life has reinsured?

Every insurance company in the world reinsures itself with other insurance companies. If the insurance firm bank-craft and unable to pay the amount it owes to the insured, the reinsurance company will be responsible for the settlement of all the insurance policies in compliance with the arrangement between the policyholders and the insurance firms.

National life insurance has re-insured itself with three companies which are as follows;

  1. Hannover Rück SE,Hannover, German
  2. Scor SE, France
  3. Nepal Reinsurance, Nepal

What is the bonus rate of National life insurance?

National life insurance is one of the insurance companies in Nepal which provides a competitive bonus rate on the premium that has been assured. The current rate of the NLIC is;

  1. Fixed-term and group insurance
    • 5 to 15 years: Rs. 61 per thousand
    • 16 to 20 years: Rs. 61 per thousand
    • 21 to 25 years: Rs. 62 per thousand
    • Above 26yrs:  Rs. 80 per thousand
  2. In advance payment insurance (Money back plan)
    •  15 years: Rs. 60  per thousand
    • 20 years: Rs. 60 per thousand
    • 25 years: Rs. 61 per thousand
  3. Lifetime term insurance
    • 5 to 15 years: Rs. 61 per thousand
    • 16 to 20 years: Rs. 61 per thousand
    • 21 to 25 years: Rs. 62 per thousand
    • Above 26yrs:  Rs. 80 per thousand

What are the shareholder benefits of National life insurance?

In the fiscal year 2018/19, the company provided the 12% dividend and a 2.5% bonus share to the investors. It is also one of the insurance companies whose share value always performs very strongly in the market.

What is the commission rate of the National life insurance company for the agent?

It provides the commission to the agent or the agency base on the policies they have given to the organization. The bonus rate can influence the types of policies and terms of the insurance plan. However, as a national life insurance agent, you will have a commission until the end of every policy you have made.

Conclusion: National life insurance is the first insurance company in Nepal and has received the highest level of trust from the general public.

The company’s share rate is higher than the similar organization in Nepal to the insured and shares bonus also comparatively higher than the new insurance firm in the country. The company has reinsured with the most diversified international insurance firm in the world, so, it is safe to have an instance plan with this organization.

Best insurance companies in Nepal

where to post job openings for free?

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where to post job openings for free?

If you’re wondering where to post job openings for free? Then you’re in the right place because this post has contained information about the most popular online job portal platform that allows you to post your organization opening without any cost.

Although job portal set up to earn money by selling job posting packages to employers some job posting website offers limited or completely free for posting the jobs.

Whether online job portals or recruitment agencies, they do not dominate internationally as other tech companies have done. Some of them are popular in the country, and some of them have dominated regional markets, So, it ‘s important for you to look for a popular location-based website where you can post job openings for free.

Where can you post job openings for free?

  1. Indeed: It is the most popular job site and the leading career search platform in many countries around the world. Posting the job is entirely free in Indeed but you need to sponsor your job for gaining a better search result.

Millions of jobs are posted on this website every day and your post can go back to the search results, so you can sponsor your job and pay only when someone clicks on your post.

2. Career Google: It not the online job portal but google offers the organization to include the job in the search result. If someone searches on google for the particular position it will display your job on the search result if your job is relevant for that query.

3. Facebook: The most popular social network in the 21-century Facebook has introduced new features to help organizations and individuals post their jobs and reach out to millions of users. It is completely free services that you can post a job and receive an application notification with the attached CV for a specific position.

4. Linkedin: It was established in 2003 as the job search engine but it has gone further than the traditional job portal. Linkedin has a function as the social media for recruiters and job seekers. You can post jobs free of charge on this platform, but there are more features that can enable if you sign up for a premium membership.

To post the job on Linkedin you should create the company pages and post the requirement on it. The premium membership allows you to access applicants’ profiles and communicates with them personally.

5. Glassdoor: It is a partial free job posting website that allows you to post a job and use a full feature on the days of the trail period. The employer has the option to redirect the job seeker to their website for applying for a particular position or received the job application on the glassdoor that is called easy to apply.

The employer can find the talent here in Glassdoor because it offers the job-seeker the review of the organization. As a result, talents around the world are using this platform.

6. Jora: It is a totally free website Where can you post job openings for free, Its interface is just like Indeed. A million people have been visiting this website for a month and you can save time and money with Jora.

7. Ladders: It’s another great place to post job openings for free, mostly focused on regional hiring, the American continent. The site has offered the two-tier job posting one is free and another premium. Although Ladders offers the free job posting for anyone but to access the employer review should buy the premium packages.

8. PostJobFree.com: Through it, name everybody assumes that it is the free job site where can I post job openings for free. The organization established in 2007 based in Florida, United States America, and allow recruiters to post their jobs for free.

9. Scouted: It is a free job posting website for a career in engineering, and you can post a job without any fees if you need the engineering candidates. Scouted is a job matching platform that works to find the employer and the employees with each other.

10. Hubstaff Talent: This site offers remote job placement without any charge. Although it was established in 2014, it has become the most popular company in the world in 18 countries.

Conclusion: These are the most popular platforms among job-seekers. Although you post a job without spending a single scent, you can reach out to millions of job seekers.

Learn more?

How to make career in Aramco | jobs in Aramco

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How to make career in Aramco | jobs in Aramco

Aramco is the world’s largest energy corporation headquartered in Saudi Arabia and has been represented internationally in three energy markets, such as Asia, the Euro, and the Americas. If you’re looking for a career in Aramco, this post will help you understand the entire recruitment process of the company.

Aramco also provides key energy supplies to the world’s largest economy, including America, China, and India, therefore it has a vast business network. If you get opportunities to have Saudi Aramco careers you will get the chance to work in many countries around the world.

Most people believe that Saudi Aramco ‘s career is the best choice for their jobs, because, it is highly rated organizations in terms of career development, salary, workplace culture, and financial supports to employees.

Aramco offers everything when the employee is recruited in KSA or from another country. It provides a free visa, a free ticket, and even medical expenses for the recruitment process.

How many employees are there in Aramco?

Aramco has several branches and subsidiaries, with more than 70,000 staff employed in various ranks. They have driven business and made the company the most competitive in the world.

Is a career in Aramco the best opportunity?

If I say true without any bias, yes if you are looking for a career in the Gulf region the company can be the best place to work because you can read the employees’ review on glass-door and any other independent site, most are satisfied with the companies management and the other aspects.

How to look for career in Aramco Saudi?

The company recruited the employees through two-channel, you can choose one or try both.

  • Apply for job online: You can apply for Aramco jobs on their official website online, don’t worry about your place, because the company hires global talent around the world.
  • Apply through the agents: Aramco hires from many countries more than 70 nationalities are in its workforce.  Each country has an Aramco agent for recruitment, therefore you can contact them if the recruitment process is going on, you can face an interview in your country.

Whether you are in Saudi Arabia or in your home country you can apply career at Aramco through online channels. The selection process is the interview and some positions require written tests.

How to search for Saudi Aramco jobs online?

First Step. To search for the Saudi Aramco careers visit their official job portal and click on the find a job button. To make your search more precise, you can use the filter option to get an accurate result.

career-at-aramco

The options available for job search are;

  1. Location
  2. Job categories
  3. Post date

Note: Some jobs require special nationality, so make sure you apply for a job that is for global candidates.

Second step: Click on the apply button if you find the job that meets your expectation.

Third step: If you are a pre-registered user login, if not create an account.

careers-in-aramco

Four-step: upload the required files, including your CV.

Recruitment process of Aramco 

  1. Application: If you see a job posting that meets your experience and expectations, please submit your resume online.
  2. Interview call: If your qualification meets the company need then the recruitment team will contact you for an interview. You need to fill out the application form at that time.
  3. Employment offer: If you succeed in your interview, the company will send you a job offer letter, it contains, very important things such as types of contract, salary, and other benefits.
  4. Relocation: After the offer accepted by you, the company will legally grant you a visa, work permit, and other paperwork to stay and work in the Kindom of Saudi Arabia.
  5. Orientation: The organization will provide you with orientation training on important subjects such as cultural similarities and differences, accommodation, schools, and more.

Conclusion: 

Aramco is not only the largest organization in middle east but the best place to work for expatriate workers. Now the company has adopted virtual interviews for the candidates.

Despite the lower oil price and demand in the world still, the company has maintained its largest workforce, as well as there, are some hiring activities. If you want to make a career in Aramco use both methods for the job search that I have mentioned above.

Health insurance in Nepal Everything You Need To Know

Ranga Singh
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The Government of Nepal had launched health insurance in Nepal in the fiscal year 2016/17 from the three districts: Kailali, Baglung, and Ilam, but, now it has covered most of the districts or across the country.

Public health insurance is not compulsory, people can enter on a voluntary basis and can benefit from insurance coverage In the case of an insured or family member suffering from any kind of illness.

What is health insurance in Nepal?

It is an insurance that covers an individual’s health expenses entirely or partially as a result of sickness or injury. Any Nepalese citizen between the ages of 16 and 65 can buy a health insurance plan covering their own and family member’s medical expenses.

What are the benefits of Health insurance in Nepal?

The main benefit of medical insurance in Nepal is to cover the medical expenses of the dreaded diseases and financial protection from an unexpected situation. The insured receives the following benefits;

  • Pay for the cost of own treatment
  • Pay for the cost of treatments for family members.

How many types of Medical health insurance are in Nepal?

There are two types of medical insurance in Nepal that are as follows;

  • The government provided (Social health insurance)
  • Provided by private institutions

Social health insurance: Social health security is a social protection program of the government of Nepal which allows its citizens to access the quality health care services without imposing the financial burden on them.

Nepalese people can buy an insurance plan for one year by paying a small amount of premium Rs. 2500-3500 and seek care for specified illnesses in government hospitals without a cost.

Private Health insurance: Private insurance companies also provide medical insurance to the people and the insured will seek treatment in a private or non-governmental hospital.

All you need to know about Nepal’s health insurance;

  1. There are two types of health insurance in Nepal public and private.
  2. Public health insurance is provided by the government of Nepal.
  3. Privates health insurance is provided by private insurance companies.
  4. If you have made medical insurance through the government of Nepal, you should only seek treatment in a government hospital.
  5. People who have purchased insurance from a private company will go to private hospitals or medical clinics for treatment.
  6. The insurance applies only to the costs of the diseases, listed in the policies.
  7. Public insurance does not accept foreign treatment.
  8. Some private insurance companies cover the cost of medical treatment in India.
  9. If you have signed up for private health insurance in Nepal, you may be required to pay your medical expenses first and claim with the company later.
  10. If you purchase medicine from the pharmacy and clinic without a doctor’s recommendation, you will not be entitled to claim insurance.
  11. Insurance companies pay you, including; doctor’s fees, ward charges for a number of days.
  12. Although some privates insurance companies provide you cashless services especially in Kathmandu, most of the places you should pay your money and claim back to the insurance provider.
  13. There are various terms and conditions to be applied.
  14. Your insurance applies to your family member between the ages of 1 and 70yers.
  15. Only allow for you to have the following as the beneficiary of your insurance packages;
    • Children age less than 18yrs old.
    • Parents age less than 70yrs old.
  16. Your insurance does not cover your sibling (brothers and sisters).
  17. If you have missed any necessary documents, you can not claim that amount with the private insurance company.
  18. You can only insure 5 family members additional members will cost extra.
  19. It’s been listening in the government hospital patient had to wait a long time, even a week, to see the doctor. 
  20. Some claim that the private insurance company’s pay ratio is less than the government.

PROCEDURES FOR  HOSPITALIZATION/ MEDICAL CLAIMS

You do not need to pay anything to treat yourself in a government hospital if you have signed up for a public health insurance scheme. For private insurance, you should claim later to the insurance company that you paid for treatment. The documents required are as follows;

  1. Claim form duly completed (provided by the Company)
  2. Complete Hospital/Doctor papers
  3. Discharge Summary Sheet in case of hospitalization
  4. Medical Prescriptions and Bills in original
  5. Pathology Reports, if any
  6. X-Ray, USG, CT Scan, MRI, etc. Reports, if any

It is very important to ensure that the above documents have been submitted in order to settle your claim from the private health insurance provider-expeditiously, otherwise the claims process may be delayed.

When you submit your claim to the private insurance company they will study, confirm the details and decide on a claim that complies with the relevant condition of the policy in all respects, then only the fund will disburse and pay to you.

Private Health insurance companies in Nepal.

  1. Medlife Nepal
  2. Siddhartha Insurance
  3. Premier health insurance
  4. IME general insurance
  5. Shikhar Insurance Company Limited
  6. Sanima General Insurance Company Limited
  7. Prudential Insurance Company Limited

Conclusion;

Although both government and private insurance companies offer health insurance in Nepal, there is still a lot of public hesitation about getting into it because of a lack of expedited treatment in government hospitals and a slow process for paying the claimed amount by private insurance companies. This initiative is not fundamentally bad in Nepal, but it needs to be reformed.

How to check dubai police traffic fine online.

Ranga Singh
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Dubai police have a sister organization RTA (Roads Transport Authority) which is responsible to issue the driving license, registering the vehicles, enforce the traffic rules, and penalize the traffic violation المخالفات المرورية. In this post, I would guide you on how to check Dubai police traffic fine or way to RTA fine check online.

Before you become a traffic violator المخالفات المرورية nominee in Dubai, please try not to breach the law, because, some violations come with a heavy penalty, which could be much more than your three-month salary.

List of the Dubai police traffic fine; 

[table id=5 /]

Two ways to impose traffic fine in Dubai;

  1.  RTA or the police officer caught you while you have violated the traffic rules or
  2. The violation spotted through the radar or hidden camera.

If you are aware of the violation, or think so, even though there is no police officer. Come back to your home and check RTA fine on the Road Transport Authority’s website by just entering a few information.

If you want to الإستعلام عن المخالفات Inquiries about violations of the traffic rules in Dubai or want to pay the fine visit the RTA website. or RTA mobile app.

Steps of RTA fine check, and pay

  1. Go to the main menu and find the service section on the RTA website.
  2. On the submenu, you would find a driver and car owner services and click.
  3. Scroll down until you find Pay Vehicle Fines and click here
    rta fine check
  4. At the bottom right of the page, click apply now button.
    Dubai police traffic fine
  5. Then search the traffic fine, by using the following options;
    1. Plate Details:
      • Enter plate number
      • Select the emirates
      • Select the vehicles category
      • Choose the code
      • Check I’m not a robot button
      • then search 
    2. License Number:
      • Enter license number
      • select the Emirates where it was issued
      • Check I’m not a robot
      • Then search
    3. Fine Number:
      • Enter file number
      • select source
      • chose year
      • Check I’m not a robot
      • then search
    4. Traffic file number
      • enter traffic files number
      • Check I’m not a robot
      • Then search 
  6. When you search for a fine, you should complete further steps with your payment method.
  7. Last option is confirmation for the payment

There are a number of ways to search and pay RTA fine in Dubai. You can use offline and online methods that are as follows;

  1. RTA website (credit card)

  2. Mobile App (credit card)

  3. Kiosks machines;

  4. Service Centres

  5. Other Service Providers

You Need A Life Insurance In Nepal? read this first.

Ranga Singh
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0

Life Insurance in Nepal is a contract regarding the life of any person in the event of the death or disability a particular amount will be paid to the nominee.

Life insurance business in Nepal has been growing remarkably over the last decade. As more people are aware of insurance, many companies have established local and some international companies have also started their business in the insurance market in Nepal.

Nepal Insurance Board is the government agency that regulates all types of insurance companies in Nepal. It issues, renews, and revokes the companies’ license and approved the foreign firm to operate in the country.

How many life insurance companies are there in Nepal?

There are 19 life insurance companies, including three foreign insurers, 20 non-life insurance firms, a dozen, health Life insurance firms.

Life insurance corporation not only provides for people’s life insurance but also has other non-life insurance and health insurance divisions that work within that market.

What are the life insurance products and services in Nepal?

Most life insurance firms offer similar products but with different bonus rates and varying time frames. Here are popular products that life insurance companies offer to the insured in Nepal;

  1. Fixed Term insurance: Individuals can buy insurance plans that may range from 1 year to 30 years+. If something has happened to be covered by the insurance policy, compensation shall be paid to the family member or relative.
  2. Money-back plan: this plan offers a survival benefit. A fixed percentage of the Sum Assured returns during the payment period of the premium. The premium is refunded after the insured has paid 3 or 5 installments, depending on the company.
  3. Life term insurance: The insurance provider will pay a monthly payment for the rest of the life of the insured after maturity.  However, the payment will stop after the beneficiary passway even the original death benefit has not fully paid yet.

What are the benefits of life insurance in Nepal?

  1.  Death benefits: Upon the death of the policyholder within the policy term or after the maturity, full sum assured+bonus is paid.
  2. Maturity benefits: Full sum insurance+ bonus will be paid to the insured at the end of the term.
  3. Loan facility: The insured can borrow up to 90 percent from the insured sum after paying 2 installments.
  4. Tax benefits: Nepal government does not charge any taxes on the premium you will pay and assured amount.
  5. Additional benefits: depending on the insurance plan;
    • Accident Double Benefit
    • Permanent Total Disability Benefit
    • Premium Waiver
    • Monthly Income Benefit

Why life insurance is important in Nepal?

  • Getting risk cover against the unfortunate event
  • Achieving life stage needs
  • Long term investments
  • Wealth creation
  • Cover against illness and accidents (Depending on plan opted)
  • Coverage against liabilities
  • Retirement planning
  • Tax benefits as per prevailing tax laws

What documents require for life insurance?

  • completely filled insurance Application Form
  • Health Declaration Form
  • Medical Examiner’s Report
  • Insurance Agent Form
  • Age Proof Document
    • Citizenship Certificate or
    • Birth Certificate in the case of Minor

What is the age limiting for life insurance in Nepal?

  1. Minimum 1year old for child insurance
  2. 16 to 65 years old for adult insurance.

Can a foreign national buy insurance package in Nepal? 

No, only the Nepal citizen can purchase the life insurance packages from any insurance companies in Nepal. NRN (Non-Resident Nepalese) or migrant workers eligible to insured themself.

What to do if there is any dispute for compensation?  

You can lodge a complaint with the Nepal Bima Samiti or Nepal Insurance Board (BID) against the insurance company. The Insurance Act of Nepal is very stringent with the business that does not comply with the policy, and you will get justice.

Who can not do life insurance in Nepal?

  1. A person that is not good at the mental stage.
  2. Foreign national
  3. A person is over 65 years of age.
  4. A person working in military and police departments.

Conclusion;

Life insurance in Nepal is very important to everyone, whether they work in Nepal or abroad because it can cover the unforeseen risk that could arise in our daily lives. Although life insurance can not save our lives, it could provide some financial assistance to our loved one after our life loss.

The insurance also provides the education packages for the children and premium waiver benefits until the maturity, if they lost their parent who has life insured with the company.

Health insurance in Nepal

Latest Bonus rate of insurance company in Nepal

Ranga Singh
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0

People who work in the insurance sector, in particular agents, convince the insureds, they will receive bonuses equal to the premium the amount will be double after matured 15yrs tenure. When we see the latest bonus rate of the insurance company in Nepal it is totally bluffed.

I also work as an agent for the top insurance companies in Nepal, and I’ve given 100 policies per year, but what we’ve been talking about isn’t really what we’re not talking about is real.

Life and property insurance is not a bad thing, because we live an uncertain life and unpredictable damage could occur in our properties. Insurance is protection against financial loss and compensation if any miserable thing has happened to the life of the policyholder.

Nepal is one of the nations with a high level of accidental death among the countries of South Asia. So, life insurance is very important to cover medical expenses, recompense for the permanent and partial disability, and compensation for the bereaved family in case of natural or accidental death of the insured.

If you want to earn money from an insurance company, be an agent, you will be rewarded with a good amount of commission on each policy you have given or invest in an insurance company.

Insurance yourself or your family member will not help to make enough money except covering the risk that we have taken in daily life.

What are the insurance company in Nepal?

An insurance company is a financial institution that operates under the license of NIB (Nepal Insurance Board) to issue the insurance policy for individuals and property. In addition, they can raise funds by selling the insurance policies and invest that money in the defined sector of NIB.

Where do the insurance companies invest in Nepal? 

In the context of Nepal, they can invest only in the limited areas that allowed by the Nepal insurance board. Presently insurance firms can invest in fixed deposit-liquid short-term investments, low-risk bonds, and hydro projects.

What is the insurance bonus for the insured?

Apart from the risk coverage, the insurance company provides interest on the premium paid by the insured, which is called the bonus rate of the insurance company. There is not a similar bonus rate of insurance company in Nepal base on the premium.

Who defines the premium bonus in Nepal?

The insurance company can not provide the policyholder with its own bonus rate, the National Insurance Board defines an annual bonus rate for the insurance company on the basis of income, policy number, and paid-up capital.

Bonus rate of insurance company in Nepal

Nepal life insurance bonus rate;

  1. Fixed-term and group insurance
    •  5 to 20 years:  Rs. 64 per thousand.
    • 21 to 25 years: Rs. 72 per thousand
    • 25 years term: Rs. 82 per thousand.
  2. In advance return (Money back plan)
    • 10-year: Rs. 65 per thousand
    • 15 years: Rs. 65 per thousand
    • 20 years: Rs. 65 per thousand
  3. In advance payment (Jeevan Sambidri)
    • 15yrs term: Rs. 62 per thousand
    • 20yrs term: Rs. 64 per thousand

National life insurance bonus rate;

  1. Fixed-term and group insurance
    • 5 to 15 years: Rs. 61 per thousand
    • 16 to 20 years: Rs. 61 per thousand
    • 21 to 25 years: Rs. 62 per thousand
    • Above 26yrs:  Rs. 80 per thousand
  2. In advance payment insurance (Money back plan)
    •  15 years: Rs. 60  per thousand
    • 20 years: Rs. 60 per thousand
    • 25 years: Rs. 61 per thousand
  3. Lifetime term insurance
    • 5 to 15 years: Rs. 61 per thousand
    • 16 to 20 years: Rs. 61 per thousand
    • 21 to 25 years: Rs. 62 per thousand
    • Above 26yrs:  Rs. 80 per thousand

Life Insurance Corporation (LIC) bonus rate

  1. Jeevan Astha Yojana
    • 5 years: Rs 85 per thousand
    • 3 years: Rs 80 per thousand
  2. Endowment Life Insurance Policy
    • 25 years or above: Rs. 80 per thousand
    • 20 – 24 years: Rs. 66 per thousand
    • 5 – 19 years: Rs. 65 per thousand
  3. Money-Back Endowment Policy
    • 25 years: Rs 68 per thousand
    • 20 years: Rs 67 per thousand
    • 15 years: Rs 66 per thousand
  4. Endowment and Whole Life Policy
    • 25 years or above: Rs 80 per thousand
    • 20 -24 years: Rs 70 per thousand
    • 5-19 years: Rs 66 per thousand
  5. Jeevan Tarang(Pension) Policy
    • 20 years: Rs 77 per thousand
    • 15  years: Rs 68 per thousand
    • 10 years: Rs 66 per thousand

Surya life insurance bonus rate

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 38 per thousand
    • 10-14yrs: Rs. 43 per thousand
    • 15- 19yrs: Rs. 48  per thousand
    • 20-24yrs: Rs. 58 per thousand
    • 25-29yrs: Rs. 63 per thousand
    • 30 above: Rs. 73 per thousand
  2. Life term insurance (Money back plan)
    • 1 -9 years: Rs. 38 per thousand
    • 10-14yrs: Rs. 43 per thousand
    • 15- 19yrs: Rs. 48  per thousand
    • 20-24yrs: Rs. 58 per thousand
    • 25-29yrs: Rs. 63 per thousand
    • 30 above: Rs. 73 per thousand
  3. In advance returned
    • 10-14yrs: Rs. 45 per thousand
    • 15- 19yrs: Rs. 45 per thousand
    • 20-24yrs: Rs. 55 per thousand
    • 25-29yrs: Rs. 63 per thousand

American Life Insurance company (MetLife) bonus rate

  1. Term of Policy- Endowment Plan
    • 1 to 15 Years: Rs. 65/- per thousand
    • 16 to 20 years: Rs. 70/- per thousand
    • 21 Years and above: Rs. 80/- per thousand
  2. Three Payment Plan (3PP)
    • 1 to 15 Years: Rs. 50/- per thousand
    • 16 to 20 years: Rs.60/- per thousand
    • 21 Years and above: Rs. 70/- per thousand
  3. Education Protection Plan (EPP)
    • 1 to 15 Years: Rs. 65/- per thousand
    • 16 to 20 years: Rs.75/- per thousand
    • 21 Years and above: Rs. 85/- per thousand

Prabhu Life Insurance bonus rates

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 30 per thousand
    • 10-14yrs: Rs. 30 per thousand
    • 15- 19yrs: Rs. 40 per thousand
    • 20-24yrs: Rs. 50 per thousand
    • 25 above: Rs. 70 per thousand
  2. Life term insurance
    • 10-14yrs: Rs.30 per thousand
    • 15- 19yrs: Rs. 40  per thousand
    • 20-24yrs: Rs. 50 per thousand
  3. In advance returned (Money back plan)
    • 1 -9 years: Rs. 30 per thousand
    • 10-14yrs: Rs. 30 per thousand
    • 15- 19yrs: Rs. 40 per thousand
    • 20-24yrs: Rs. 50 per thousand
    • 25 above: Rs. 70 per thousand

Sun Life Insurance bonus rates

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 20 per thousand
    • 10-14yrs: Rs. 25 per thousand
    • 15- 19yrs: Rs. 35 per thousand
    • 20-24yrs: Rs. 50 per thousand
    • 25 above: Rs. 70 per thousand
  2. Life term insurance
    • 1 -9 years: Rs. 20 per thousand
    • 10-14yrs: Rs. 25 per thousand
    • 15- 19yrs: Rs. 35 per thousand
    • 20-24yrs: Rs. 50 per thousand
    • 25 above: Rs. 70 per thousand
  3. In advance returned (Money back plan)
    • 10-14yrs: Rs. 20 per thousand
    • 15- 19yrs: Rs. 25 per thousand
    • 20-24yrs: Rs. 30 per thousand
  4. In advance returned life term (Money back plan)
    • 15- 19yrs: Rs. 35 per thousand

IME Life Insurance bonus rates

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 25 per thousand
    • 10-14yrs: Rs. 25 per thousand
    • 15- 19yrs: Rs. 30 per thousand
    • 20-24yrs: Rs. 45 per thousand
    • 25 above: Rs. 70 per thousand
  2. Life term insurance
    • 1 -9 years: Rs. 25 per thousand
    • 10-14yrs: Rs. 25 per thousand
    • 15- 19yrs: Rs. 30 per thousand
    • 20-24yrs: Rs. 45 per thousand
    • 25 above: Rs. 70 per thousand
  3. In advance returned (Money back plan)
    • 1 -9 years: Rs. 25 per thousand
    • 10-14yrs: Rs. 25 per thousand
    • 15- 19yrs: Rs. 30 per thousand
    • 20-24yrs: Rs. 45 per thousand
    • 25 above: Rs. 70 per thousand

Jyoti Life Insurance bonus rates

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 40 per thousand
    • 10-14yrs: Rs. 41 per thousand
    • 15- 19yrs: Rs. 49 per thousand
    • 20-24yrs: Rs. 55 per thousand
    • 25 above: Rs. 70 per thousand
  2. Life term insurance
    • 1 -9 years: Rs. 40 per thousand
    • 10-14yrs: Rs. 41 per thousand
    • 15- 19yrs: Rs. 49 per thousand
    • 20-24yrs: Rs. 55 per thousand
    • 25 above: Rs. 70 per thousand
  3. In advance returned (Money back plan)
    • 10-14yrs: Rs. 40 per thousand
    • 15- 19yrs: Rs. 41 per thousand
    • 20-24yrs: Rs. 50 per thousand

Relience Life Insurance bonus rates

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 35 per thousand
    • 10-14yrs: Rs. 35 per thousand
    • 15- 19yrs: Rs. 40 per thousand
    • 20-24yrs: Rs. 50 per thousand
    • 25 above: Rs. 70 per thousand
  2. Life term insurance
    • 1 -9 years: Rs. 35 per thousand
    • 10-14yrs: Rs. 35 per thousand
    • 15- 19yrs: Rs. 40 per thousand
    • 20-24yrs: Rs. 50 per thousand
    • 25 above: Rs. 70 per thousand
  3. In advance returned (Money back plan)
    • 15- 19yrs: Rs. 40 per thousand
    • 20-24yrs: Rs. 50 per thousand

Sannima Life Insurance bonus rates

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 35 per thousand
    • 10-14yrs: Rs. 35 per thousand
    • 15- 19yrs: Rs.40 per thousand
    • 20-24yrs: Rs. 45 per thousand
    • 25 above: Rs. 65 per thousand
  2. Life term insurance
    • 1 -9 years: Rs. 35 per thousand
    • 10-14yrs: Rs. 35 per thousand
    • 15- 19yrs: Rs.40 per thousand
    • 20-24yrs: Rs. 45 per thousand
    • 25 above: Rs. 65 per thousand
  3. In advance returned (Money back plan)
    • 10-14yrs: Rs. 35 per thousand
    • 15- 19yrs: Rs. 40 per thousand
    • 20-24yrs: Rs. 65 per thousand

Citizen Life Insurance bonus rates

  1. Fixed-term insurance 
    • 1 -9 years: Rs. 35 per thousand
    • 10-14yrs: Rs. 38 per thousand
    • 15- 19yrs: Rs.40 per thousand
    • 20-24yrs: Rs. 45 per thousand
    • 25-29yrs: Rs. 60 per thousand
    • 30 above: Rs. 70 per thousand
  2. Life term insurance
    • 1 -9 years: Rs. 35 per thousand
    • 10-14yrs: Rs. 35 per thousand
    • 15- 19yrs: Rs. 38 per thousand
    • 20-24yrs: Rs. 40 per thousand
    • 25-29yrs: Rs. 40 per thousand
    • 30 above: Rs. 55 per thousand
  3. In advance returned (Money back plan)
    • 10-14yrs: Rs. 40 per thousand
    • 15- 19yrs: Rs. 45 per thousand
    • 20-24yrs: Rs. 50 per thousand

Guransh Life Insurance bonus rates

  1. Fixed-term insurance 
    • 10-14yrs: Rs. 51 per thousand
    • 15- 19yrs: Rs. 56 per thousand
    • 20-24yrs: Rs. 61 per thousand
    • 25 above: Rs. 86 per thousand
  2. Life term insurance
    • 10-14yrs: Rs. 52 per thousand
    • 15- 19yrs: Rs. 57 per thousand
    • 20-24yrs: Rs. 62 per thousand
    • 25 above: Rs. 87 per thousand
  3. In advance returned (Money back plan)
    • 10-14yrs: Rs. 47 per thousand
    • 15- 19yrs: Rs. 52 per thousand
    • 20-24yrs: Rs. 57per thousand

Conclusion: bonus rate of insurance company in Nepal is defined by the Nepal insurance board not from the insurance comapny. If you want save money for the good return, you can choose the one of the above insurance company which offers the high interest rate.

List of Banks in dubai mall and their location.

Ranga Singh
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0

Dubai Mall is the iconic shopping center located in the heart of downtown Dubai and the most popular retail and entertainment destination in the gulf region. Here in this post, I would guide you on a list of Banks in Dubai mall and their location.

Dubai Mall is the world-class modern shopping center and the largest retail store in the world consisting of the following;

  •  Over 1,300 retail outlets,
  • 2 anchor department stores ( Galeries Lafayette and Bloomingdale’s)
  • Over 200 food and beverage outlets.
  • 150 luxurious dining and shopping experiences
  • Dubai Aquarium & Underwater Zoo
  • 270-degree walkthrough tunnel
  • Reel Cinemas megaplex
  • Olympic-sized Dubai Ice Rink

Each year the Dubai Mall attracts 80 million visitors from all over the world, mainly domestic and the GCC (Gulf Cooperation Council). To meet the financial needs of the visitors, UAE leading banks have established their offices in Dubai Mall and provided ATM services, responding to general inquiries and other core banking services.

Although you do not hold a UAE bank ATM card, you can withdraw money through ATM machines using your international debit or credit card, but you will be charged per transaction.

If you have carried an international Cheque, a draft or pay order can convert it into the real cash at the bank counter in the Mall.

List of Banks in Dubai mall

  1. Abu Dhabi Commercial Bank

It is one of the largest commercial banks in the United Arab Emirates and provides personal and commercial banking services in the UAE. In the Dubai Mall, it has operated the full fledge branch and the ATM services.

  • Name: Abu Dhabi Commercial Bank
  • Location: Lower Ground Floor
  • Parking: P1, Grand Parking
  • Phone: +971-4-705-8850

2. Abu Dhabi Islamic Bank

It is another leading bank in the UAE and more than 50% share has been held by the Abu Dhabi government was established in 1997. The bank provides personal, business, and corporates banking to its customer.

  • Name: Abu Dhabi Islamic Bank
  • Location: Second Floor
  • Parking: P1, Grand Parking
  • Phone: +971-4-204-6266

3. Commercial Bank International

It is a Dubai-based bank and operates retail banking across the United Arab Emirates. Likewise, other banks in the UAE provides personal, business, and corporate banking services.

  • Name: Commercial Bank International
  • Location: Lower Ground Floor
  • Parking: P1, Grand Parking
  • Phone: +971-4-362-7500

4. Dubai Islamic Bank

DIB is the first Islamic bank in the UAE that incorporated modern Islamic banking and all of its products have approved by the Sharia Law.

  • Name: Dubai Islamic Bank
  • Location: Lower Ground Floor
  • Parking: P1, Grand Parking
  • Phone: +971-4-405-1888

5. Emirates NBD

Emirates NBD is a leading commercial bank in the UAE and it has operated internationally in Asia, the middle east, Europ, and north America. The bank has provided personal and corporate banking in the UAE.

  • Name: Emirates NBD
  • Location: Lower Ground Floor
  • Parking: P1, Grand Parking
  • Phone: +971-4-373-3036

6. Mashreq Bank

It is the most famous bank in the UAE for innovative products and services, the bank offers mobile banking, internet banking, and atm services, along with several deposit and loan products.

  • Name: Mashreq Bank
  • Location: Lower Ground Floor
  • Parking: P1, Grand Parking
  • Phone: +971-4-434-4113

7. Transguard Cash Deposit Centre

It is one of the best security companies in the United Arab Emirates which provides man guarding, security integrated system, and cash in transit services. The Transguard branch in Dubai mall provides collection, processing, and cash storage services to the financial institutions and retail establishments that have a business in the Dubai Mall.

  • Name: Transguard Cash Deposit Centre
  • Location: Lower Ground Floor
  • Parking: P1, Grand Parking
  • Phone: +971-0-438-8239

What everyone needs to know about Prabhu money transfer.

Ranga Singh
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0

Prabhu money transfer is the second-largest remittance company after IME and It is one of the best remittances companies among three dozen similar businesses in Nepal. Prabhu’s money transfer Nepal is a sister company of the Prabhu group, which has 10 more brands including, Prabhu pay, Prabhu bank, Prabhu digital life, Prabhu TV, etc.

The organization is a popular money transfer among the NRN (Non-Resident Nepalese) in Malaysia, the Gulf countries, and Prabhu online is also the most preferred method to send money from the USA to Nepal.

How is Prabhu famous in Nepal more than the remittance?

Although it is the second in the domestic transfers, it is close to IME remit, in the international transaction in Nepal. Parbhu money transfer has succeeded in bringing millions of dollars in Nepal from abroad because it provides competitive exchange rates and low service changes.

Anyone who abroad always sends money that provides a good exchange rate right? Many organizations may provide cash transfer services to Nepal in your place. However, it is important for you to remember the following, before selecting the money transfer services;

  1. Money exchange rates
  2. Service charge
  3. Reliability of the firm
  4. Payment locations in the country of destination.
  5. Bank integration.

The Prabhu does not only provide the money transfer services to Nepal but also to the other countries in South Asia and East Asia. Although the Prabhu has not the nearest office in your location the following institutions can be the option to collect money to the beneficiaries.

What are Prabhu Money Transfer Payment Methods?

  1. Cash pick up
  2. Bank account deposit

There are 5,400 agents and banks that provide the cash payment services and hundreds of Prabhu’s customer help desk in Kathmandu valley. For your convenience, you can choose whether cash picks up or account deposit option while sending.

International partners of Prabhu remittance for sending money.

  1. INSTA CASH
  2. MoneyGram
  3. ALZAMAN EXCHANGE
  4. AHALIA EXCHANGE
  5. ALDAR
  6. ALJAZEERA
  7. ALMIRAQ EXCHANGE
  8. BANK ALBILAD
  9. CIMB ISLAMIC
  10. CITY EXCHANGE
  11. EZ REMIT
  12. GECO
  13. HABIB QATAR
  14. INCENTIVE REMIT
  15. SIGUE
  16. TML
  17. TRANS FAST
  18. UAE EXCHANGE
  19. EXPRESS MONEY
  20. OMAN EXCHANGE
  21. UNIQUE EXCHANGE
  22. EXPRESS MONEY
  23. JRF INTERNATIONAL (JAPAN)
  24. AL RAJI BANK

International partners of Prabhu remittance for payment money

  • Bangladesh: More than 15 banks in Bangladesh provide cash payment services from their networks or deposit money into the receiver account.
  • Pakistan: Cash pick up or bank account credit facility provides through the four banks.
  • Nepal: 4500 agents pay the cash and bank account deposit facility for all types of financial institutions.
  • Malaysia: 40 local agents and Prabhu remit offices and CIMB banks and its branches across Malaysia.
  • Indonesia: Cash pick up and account credit facilitates by Pt Bank Rakyat Indonesia and Pt Fusindo.
  • Philippines: Metro Bank, Bank of Commerce are the partner of Prabhu remittance and they provide the Instant a/c credit services.
  • Sri Lanka: through Sampath Bank, Hatton National Bank, Bank of Ceylon.
  • Vietnam: DONGA MONEY TRANSFER
  • India: 3800+ networks for cash payment and Instant account credit to all banks in India.
  • Japan: JRF international remittance.
  • Bhutan: Instant account credit & cash payment services.

HOW CAN I send MONEY THROUGH PRBHU MONEY TRANSFER ONLINE?

Send money to Nepal using the online method without going to the Prabhu counter or its partner agency. You need to register on their website and you have to complete the four steps.

  1. Create a profile
  2. Fill out the personal information
  3. Provides the contact information and address
  4. Security information
  5. Fill out the recipient’s information.
  6. Pay to  Prabhu money transfer USA by your credit, debit card, or via bank account and
  7. confirm for the transaction.

How long does it take to deliver the fund to the country of destination?

The entire process will be completed immediately and instant cash can be paid, unless the issue arises from the sender’s side. If the holiday occurs in the sending or receiving country the fund can available in next day.

Top 10 remit companies in Nepal.

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