Nepal Insurance Authority is the regulatory body responsible for overseeing, standardizing, and supervising the insurance sector in Nepal. Established under Section 3 of the Insurance Act, 2079 BS, it operates as an autonomous institution with legal personality and perpetual succession. The Authority's primary objective is to ensure a fair, competitive, reliable, and transparent insurance industry while safeguarding the rights and interests of policyholders. Expanding the role of the Nepal Insurance Authority as the regulator of Nepal's insurance sector and modifying its organizational structure in line with the federal system of the country, the Nepal Insurance Authority, Madhesh Province Office, has been operating in Adarshnagar-10, Birgunj, Parsa, since Ashadh 2079 B.S.