$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230108024951_Insurance.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230108024951_Insurance.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230108024951_Insurance.jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230108024951_Insurance.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2023-01-08 14:49:12'
$dateFromDatabase = (int) 1673168652
$newDate = 'Jan 08, 2023'
$articleView = array(
'article_id' => '16686',
'hit' => '854'
)
$word_count = (int) 665
$time_to_read = (float) 3.33
$time_to_read_min = (float) 3
$time_to_read_second = (float) 20
include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.
Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.
Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.
As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.
To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly.
Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19.
“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.
After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.
When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.
He said that the combined bonus rate will be determined only in the next year after the merger.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16686',
'article_category_id' => '1',
'title' => 'What Will be the Bonus Rate of Insurance Companies after Merger?',
'sub_title' => '',
'summary' => 'January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.',
'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">January 8: After the Nepal Insurance Authority (the then Insurance Board Nepal) instructed insurance companies to increase their paid-up capital, almost all the insurance companies opted for merger with each other to meet the paid-up capital requirement.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Surya Life Insurance and Jyoti Life Insurance have started joint operations of their business for the first week of this month. Gurans Life Insurance, Prime Life Insurance and Union Life Insurance have also agreed to merge with each other. Sanima Life Insurance is merging with Reliance Life Insurance. Prabhu Life Insurance and Mahalaxmi Life Insurance have also agreed to merge with each other.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance companies show their bonus rates to their customers (insured) when selling insurance policies. Insurers decide to purchase insurance policy of a company depending on the bonus rate, after weighing beneficial option.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As the process of merger intensifies, insurance companies will now have to compete with each other on bonus rate. At present, the insured are eager to learn about the bonus rate when two or more companies get merged.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">To determine the bonus rate, an insurance company must first submit the valuation of its asset and liabilities of each fiscal year. However, this seems to be happening very slowly. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of Nepal Insurance Authority, said that the valuation process has been disrupted due to Covid-19. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“It got a little late when Covid got stuck the world for a year and a half. Slowly everything will become normal," he said.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">After reviewing the details submitted by the insurance companies, the authority approves the bonus rate. According to the information officer of the authority, after the merger, they have to complete all the procedures as per the previous provisions and the bonus is determined in the same way.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">When insurance companies merge with each other, they maintain their swap ratio. According to Information Officer Adhikari, the bonus rate before the merger does not make sense for the new merged entity.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He said that the combined bonus rate will be determined only in the next year after the merger.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-01-08',
'modified' => '2023-01-10',
'keywords' => '',
'description' => '',
'sortorder' => '16427',
'image' => '20230108024951_Insurance.jpg',
'article_date' => '2023-01-08 14:49:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16686',
'hit' => '854'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
