KATHMANDU: The Beema Samiti (Insurance Board), the insurance regulatory authority of the country, has issued the ‘Agriculture, Livestock and Medicinal Herb Insurance Directive, 2077 to be effective from July 17.

With this, the earlier Insurance Directive, 2077 has been scraped, said the Samiti’s executive director and spokesperson Raju Raman Paudel.

According to the Directive, the insurance company should expand its service in the designated districts and the insurer should open its branch near the agriculture knowledge center or agriculture and livestock office in the district.

The insurance scheme can cover agriculture, livestock and medicinal herbs collectively, according to the provision.