Health insurance is a type of insurance that covers the medical expenses of an individual or a group of individuals in case of illness, injury, or disability. Health insurance can help reduce the financial burden and risk of health care costs for the insured and improve their access and quality of health care services.In Nepal, health insurance is a relatively new concept that was introduced by the government in 2017 with the enactment of the Health Insurance Act 2017. The act aims to provide universal health coverage to all Nepali citizens by making health insurance mandatory and affordable for everyone. The act also establishes the Health Insurance Board (HIB) as the main authority for implementing and regulating the health insurance system in Nepal.
This article offers a comprehensive overview of the Arbitration Act of Nepal, delving into the legal framework and practical aspects of arbitration proceedings in the country. From the initiation of arbitration and appointment of arbitrators to the enforcement of domestic and foreign awards, we cover the essential aspects of the law. Additionally, you'll find a breakdown of arbitrator qualifications, decision-making timelines, court intervention, and key landmark cases that shaped Nepalese arbitration. Whether you're a legal professional, business owner, or someone seeking arbitration, this guide provides actionable insights into arbitration law in Nepal.