Citizen Life vs EPS Section Nepal

Citizen Life Insurance Company Limited (CLICL) is one of the aspiring life insurance companies in Nepal. CLICL was incorporated on June 26, 2007 (Asad 12, 2064), and along with new entrants in 2017, Insurance Regulatory Authority of Nepal ‘Beema Samiti’ awarded the operating license on August 23, 2017 (Bhadra 07, 2074) and commenced operations on October 19, 2017 (Kartik 02, 2074). CLICL is a 70:30 public limited company, promoted by Shikhar Insurance Company, Kantipur Media Group, Aviation Industries, Bankers, eminent Industrialists and Businessmen and Professionals. CLICL is functioning its business operation with the fusion of professional practices embraced in developed countries and domestic market as well. CLICL is vowing aim to maintain optimum level of corporate governance and regulatory compliance. CLICL optimizes the use of advance technology to keep faster pace in organizational growth and business expansion.

EPS Korea Section was established under Government of Nepal, Ministry of Labour and Employment, Department of Foreign Employment on 26th July 2007 (7th Shrawan 2064), by the decision of ministerial level agreement (MOU) to ease the process of sending Nepali Workers to Korea to resolve distortion in the labour market caused by Industrial Trainee System(launched in Dec. 1993 and 18 sending countries). It is Government to Government (G to G) system that ensure safe migration. Government Involvement for sending workers to Korea provides timely, efficiently, transparently, reliable, sustainable, continuous and economy selection and departure service to the job seekers. EPS Korea Section opens throughout the year with no weekly and public holidays to ease and fasten the departure process. To strengthen basic human rights of foreign workers and prohibit unjust discrimination against them, Korean Government strictly follow the following labour law to all workers i.e. Local workers and Foreign workers: Employment in Korea has been an attractive destination for Nepalese workers because of safe and high valued monetary employment. Currently more than 40000 Nepalese are working in Korea, and are earning more than 1 lakh rupees per month only investing around 1 lakh onetime expenses while going to Korea. EPS Korea Section serves thousands of Nepalese people. Department of Foreign Employment, EPS in co-operation with South Korean Government has created an environment where thousands of Nepali citizens can apply to get employment permit in South Korean companies each year. Job Seekers who have passed the following criteria are beneficiaries of the EPS system: – who are aged between 18 to 39.
– who have passed the designated Test of Proficiency in Korean (EPS-TOPIK)
– who have no record of previous illegal stay in Korea.
– who have passed medical check-ups
– who are not restricted for departure from home country
– who have no criminal record Selection of workers from different countries is based upon: -Preference of Employers
– Rate of Illegal workers
-Labour Contract Cancellation rate
-Public and IT Infrastructure
– Government Management Capability etc.