Alico is a insurance company. Alico means American Life Insurance Company. It incorporated in 1921 in the U.S.A. as Limited company and Registered for life insurance Business in Nepal under insurance Act,2o49. It's Company Regn.No is 6/062/063. It's Nepal office is in Narayani complex, pulchowk, Lalitpur.
General Provisions of Insurance
The contract, its provisions and limitations:The policy and the application for it, a copy of which is attached hereto and made a part hereof, together with any supplementary contracts applied for which are attached hereto and stated to be apart hereof constitute the entire contract. All statement made in applying for the contract will be deemed, in the absence of fraud, representations and not warranties. No statement will be used to invalidate the contract nor to defend against a claim under it unless contained in the written application.
Modifications: only the chairman of the board , president, vice present,Actuary, Secretary,Assistant secretary or registrar of the company can make or modify this contract with the consent of the insurance Board, extend the time for payment of any premium or waive any of the company's rights or requirements.
Claims: Claims are only payable by the company upon delivery of this policy together with the documents necessary as per the provision of insurance Regulation 2049, rule 31.
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