Provincial Essay Winners Nepal: Insurance, Poverty & Economic Growth
19th May 2025, Kathmandu
The Nepal Insurance Authority has honored seven winners of its provincial-level essay competition. The event was part of its 57th anniversary celebrations. Each winner received NPR 20,000 in cash and a certificate of achievement.
Provincial Essay Winners Nepal
The competition aimed to boost insurance education and awareness among university students. The theme was “The Role of Insurance in Reducing Poverty and Promoting Economic Growth.”
Nationwide Essay Contest for Undergraduate Students
The competition was open to undergraduate students from across Nepal. The Insurance Board received a total of 89 essays from various colleges and universities.
A panel of judges selected one winner from each province, evaluating submissions based on content, relevance, originality, and language quality. These students were recognized as top contributors from their respective regions.
List of Winners Across Seven Provinces
The selected winners came from diverse academic backgrounds and provinces:
Koshi Province: Dhanraj Shah, Mahendra Morang Adarsha Multiple Campus, Biratnagar
Madhesh Province: Kavita Kumari Yadav, National Academy Campus, Birgunj
Bagmati Province: Dil Bahadur Bhandari, Khwopa College of Law, Bhaktapur
Gandaki Province: Kusum Kshetri, School of Business, Pokhara University
Lumbini Province: Nira Adhikari, Butwal Kalika Campus, Rupandehi
Karnali Province: Tara Kumari Malla, Faculty of Education, Mid-Western University, Surkhet
Sudurpaschim Province: Divya Pant, Kailali Multiple Campus, Dhangadhi
Province-Wise Prize Distribution
Award ceremonies took place at the respective provincial offices of the Insurance Board. However, the winner from Bagmati Province received the award at a central event held in Kupandol, Lalitpur.
During this program, Insurance Board Chairperson Sharad Ojha personally handed over the cash prize and certificate to the winner. Officials and guests attended the event.
This distribution method allowed the Board to directly connect with students and reinforce its message of financial and insurance literacy.
Encouraging Youth Engagement in the Insurance Sector
The competition was not only about rewards. It was also an effort to spark curiosity among youth on how insurance plays a key role in society. The Insurance Board believes that young people must understand the value of insurance for risk management and long-term planning.
By writing on such a topic, students learned how insurance helps individuals and the country during uncertain times. They also discovered how it supports poverty reduction and economic growth.
Insurance as a Tool for Economic Security
According to the Board, insurance can act as a safety net for families and businesses. It helps recover from losses caused by natural disasters, accidents, or medical emergencies. This makes it a vital part of a country’s economic stability.
Hence, the Board launched this contest to spread this knowledge. They also wanted students to view insurance not just as a product, but as a public good with far-reaching benefits.
Insurance Literacy Needs Youth Focus
Nepal’s insurance market is growing. But many people still lack basic knowledge about how insurance works. The Board views youth as key messengers who can bridge this gap.
Through contests like this, the Board hopes to promote responsible financial behavior and increase insurance penetration in rural and urban areas alike.
Moreover, by involving university students, the Board aims to influence future professionals who may enter the insurance industry or become well-informed policyholders.
Commitment to Expand Education Campaigns
The Insurance Board plans to expand educational programs in the coming years. They want to reach more institutions and introduce similar initiatives in schools and technical colleges.
Officials confirmed that such efforts will continue to be part of the Board’s annual agenda. More interactive programs such as essay writing, debates, and public campaigns, are expected to follow.
A Successful Beginning for Policy Awareness
This provincial essay contest shows how young minds can connect with national policies. It is a first step in making students aware of the importance of financial preparedness.
As the country works to build economic resilience, such programs will help develop an insurance-aware generation. The Board is confident that educated youth will share this knowledge with their communities.
By rewarding students with cash prizes and recognition, the Board has taken a positive step toward long-term engagement with the youth population.
Conclusion
The Nepal Insurance Authority has set a great example by engaging university students in important national topics. The provincial essay competition was not just a contest, but a campaign for financial education and awareness.
Seven deserving students were recognized for their insights on how insurance can help fight poverty and boost the economy. The Board hopes that this initiative will inspire many more to learn about insurance and its role in personal and national progress.
The success of this program shows that with the right motivation and guidance, students can become active contributors to Nepal’s economic future.
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