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It is a policy that offers property and liability coverage for aircraft. It covers losses
resulting from aviation risks that come about due to the maintenance and use of
aircraft, property damage, loss of cargo, or injury to people. It protects both its owners
and aircraft operators from unforeseen losses.
Aviation insurance is also known as aircraft insurance.

Employer's Liability Insurance
It is the insurance which intends to give the compensation to the employee in the case
of accident. It is a project for employers that protects them from major financial loss if
a worker experiences a job-related injury or illness that workers compensation doesn’t
cover. Employer's liability insurance can be packaged with workers compensation
insurance to further protect companies against the costs associated with workplace
injuries, illnesses and deaths that aren’t covered. An insurance policy that protects
employers from liabilities arising from disease, fatality, or injury to employees resulting
from workplace conditions or practices. Some jurisdictions make it compulsory for
employers to buy such insurance.

Employees Provident Fund

Employees Provident Fund manages provident fund in Nepal on behalf of the
Government of Nepal for government, public and private sector employees and come
under Ministry of Finance.
Employees Provident Fund (Karmachari Sanachaya Kosh ) is an approved retirement
fund of Government of Nepal and the provident fund that it manages is supposed
to help contributors financially on retirement or separation from their jobs. Besides
managing provident fund of contributors, there is practice of providing certain social
benefits to the contributors.
Membership to Employees Provident Fund is also open to private sector firms with
the only condition that such firms should have at least ten employees contributing
regularly to become a member.
The history of Provident Fund dates back to 1934 when the provident fund scheme
came into existence with the establishment of Sainik Drabya Kosh (Army Provident
Fund) during the Rana Regime. The scheme was initiated with the intentions of
removing financial hardships to the army personnel after their retirement. Under the
scheme, the army staff were required to contribute a specific percentage of their salary
to their provident fund account in Sainik Drabya Kosh. A decade later the scheme was
broadened to cover the employees of civil services as well.
A separate organization named Nijamati Provident Fund was established in 1944 to
manage the scheme for civil servants working within Kathmandu. In 1948 the scheme
was extended to provide coverage to the entire civil servants working throughout
Nepal. In 1959, Employees Provident fund Department was established under the
Ministry of Finance and Economic Affairs. This department was entrusted with the

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