Financial Institution Employee Union of Nepal (FIEUN) is the leading National organization of financial sector. FIEUN Insurance council is an important wing of the National organization which promotes the empowerment of members. Other functions of the council include the coordination of trade union activities. This council would facilitate/provides/ shares the current activities, movement and problems among the insurance sectors which are affecting them. In addition, this council also provides our affiliates with the structure, decision making and sharing of resources for the use of information technology and for the development of our strategies for achieving common goals.
There are 18 Life insurance companies, 20 Non-life Insurance companies and 1 Reinsurance company which are registered under Beema Samiti (Insurance board, Nepal). 12 Insurance companies have a union out of 39 companies which are affiliated in FIEUN.
Twelve Insurance company’s union and one regulators employee union are affiliated in FIEUN. This wing is coordinated by vice president of FIEUN. Following employee union are affiliated in FIEUN.
Recently, Labor Act, 2074 is amended by Nepal Government to address Multi-stake holders. According to Labour law to amend the company’s bye laws. Proposed Insurance act table to the Parliament and It is one the major issues of Insurance sectors. Some of current issues of Insurance sectors are as follows:
Union is synergizing force of employees. Everyone should know the current situation of employee’s rights, responsibilities and protection from Employment. Without sharing the employee force, there may lack in implementation.
Some of the next agendas are: