Kathmandu – The Health Insurance Board has decided to impose additional fees on those who fail to renew their health insurance on time. The board stated in a notice released on Wednesday that insurance not renewed by October 17 (Asoj 31) will be subject to late fees.

According to the board, individuals who fail to renew their insurance for up to three years will have to pay a fee equivalent to four times the contribution amount.

The notice states, “Families who previously had health insurance but did not renew it will get a one-time waiver of the late fee. However, those renewing after November 16 (Kartik 31) will have to pay the applicable late charges.”

For those renewing by the end of October (Asoj), the renewal can be done at the original contribution amount without any extra fees.

The notice also specifies:

• Renewal within three months of expiry will incur a 10% additional fee.
• Renewal within six months will incur a 30% additional fee.
• Renewal between six months and one year will incur a 50% additional fee.
• Renewal after one year will incur a 100% additional fee.
• Renewal delayed up to two years will require payment equal to three times the contribution amount.
• Renewal delayed over three years will also require payment equal to three times the contribution amount.

The board has urged all insured families to renew their health insurance on time to avoid unnecessary additional charges.