EDI Explained: How Daily Premium Payments Are Changing Insurance in Nepal
For most Nepali households, paying an annual insurance premium of NPR 10,000 or more in one lump sum is a significant financial burden. Many people who want insurance simply can't afford to make that large a single payment. This is the problem that EDI — Everyday Debit Instruction — was designed to solve.
EDI breaks your annual premium into daily micro-instalments. Instead of paying NPR 10,950 at the start of the year, you pay just NPR 30 per day. That's less than the cost of a cup of tea at a Kathmandu café. The amount is automatically debited from your linked bank account or mobile wallet — eSewa, Khalti, or ConnectIPS — every day without you having to remember to make a payment.
Beema Dokaan was built around this concept from day one. We believe that financial protection shouldn't be a luxury available only to those who can save a large lump sum. By partnering with NIA-licensed insurers and fintech payment rails, we've made it possible for Nepal's gig workers, farmers, daily wage labourers, and small business owners to access quality insurance. Your policy stays active as long as the daily debit goes through. If a payment fails three times in a row, you'll receive an SMS notification and a 14-day grace period to top up your account.
The regulatory framework for EDI in Nepal is overseen by the Nepal Rastra Bank (NRB) and the Nepal Insurance Authority (NIA). All policies sold through the EDI modality on Beema Dokaan are fully licensed and compliant with NIA regulations. The future of insurance in Nepal is daily, accessible, and digital — and we're proud to be leading the way.
