- Anjan Shrestha, Birgunj Branch.

It is, no doubt, obvious to have progressive approach by any institution. But if the different circumstances come to play anti-role for their healthy growth, that is, of course, unpleasant condition. As far as the problem for the growth of Nepalese Insurance Companies are concerned, it comes to be necessary to cite some points in this context. These are as follows:-

Limited scope for business:- The volume of business is, undoubtedly, one of the most key factors to check about any company's economic condition. The limited resources, land locked background, inefficient utilization of exited resources & political unsuitability etc. are seemed responsible for playing anti-role in the context of not getting proper opportunity for increasing business activities in the Insurance field.

Great competition among existed companies:- The interest of getting business of the present existed 14 General Insurance Companies comes to meet with each other due to lack of volume of insurance business in the market.The popular sentence that one's gain is other's loss comes to be suitable in Nepalese Insurance field.

Lack of awareness:- The backbone of development of Insurance field is awareness about the importance of its coverage. In Nepalese context, it is seen that people get their property insured only coming under Bank or other financial institution's compulsion. As far as getting their personal property insured is concerned they show their passive reaction about that. Only, the nominal case comes to be seen in that case.

Educational level:- Education, undoubtedly, plays vital role for the growth of any sector. And this level is found low (below 40%) in Nepal. Naturally this found unpleasant (condition) educational average is affecting adversely for the growth of Insurance Development in Nepal.On the one hand, we find poor condition about overall educational performance, the other side, the government policy is not conducive to develop the influence of Insurance education.

One sided economic condition:- The paradox of Nepalese economic condition is to be one sided in nature. In spite of being maximum part of Nepal "rural", the economic condition is found centered on limited town. Naturally, the existed insurance companies in town are facing tight competition as well as unhealthy.

In this way, these sort of problems are generally seen in Nepalese Insurance Market Field.