Nepal Insurance Authority launches sports insurance policy for athletes

File Photo. Photo Courtesy: Rastriya Samachar Samiti

Kathmandu: In a significant move to prioritize the well-being of athletes and sports personnel, the Nepal Insurance Authority (NIA) has unveiled a comprehensive sports insurance policy in collaboration with the National Sports Council. This initiative addresses the absence of a defined policy outlining insurance coverage for players, filling a crucial gap in the sports sector.

The newly-introduced insurance policy strategically categorizes sports into three risk levels: low risk, normal risk, and high risk. Notably, low-risk sports, encompassing disciplines such as table tennis, soft tennis, tennis, shooting, golf, bodybuilding, and squash, are now covered under the policy. Additionally, common risk sports like Badminton, Cricket, Hockey, Volleyball, Athletics, Fencing, Judo, Gymnastics, Handball, Basketball, Swimming, Sepakatacro, Weightlifting, Triathlon, Kabaddi, Khokho, Ring Wrestling, Karate, Taekwondo, Usu, Boxing, Full Contact Karate, Wrestling, and cycling have been included.

The policy extends its reach to cover risky sports, which include motor and motorcycling sports, rafting and canoeing, pentathlon, bungee jumping and canyoning, Muay Thai, mountain running, ice hockey and alpine sports, water sports, rugby, paragliding, and football.

Crucially, the policy outlines comprehensive compensation provisions in the event of an athlete’s death, either immediately or within 183 days due to accidents. It encompasses coverage for body management expenses, funeral expenses, and provisions related to permanent total disability, among other essential benefits. This pioneering initiative reflects the commitment of the NIA and the National Sports Council to ensure the safety and security of athletes, fostering a healthier and more secure sports environment in Nepal.