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Fire insurance made mandatory on private schools in Afghanistan

in Afghan Business

fire insuranceThe Afghan Ministry of Education has required all private schools to seek insurance coverage against fire risks.

Representatives of the private schools, insurance authorities and representatives of Afghan insurance companies met Monday to confer on how to meet the insurance needs of the schools.

Following several fire incidents that inflicted millions of dollars of losses in various provinces in the past year, the Council of Ministers settled on making fire insurance coverage compulsory on all businesses.

Daud Babur, Head of Private Schools Association, called on the insurance companies to provide competitive rates and deliver quality service.

Some of the representatives of the private schools called on insurance companies to do a better marketing of their products, since the common people lack awareness about the availability of insurance in the country.

The participants requested Afghan insurance companies to organize workshops in Kabul for the schools’ staff to help them learn about their fire insurance product and its scope of coverage in depth.

Currently, there are 363 private schools and over 250,000 students in Kabul.

In regards to state schools, Insurance Commissioner Arif Hamid said the Ministry of Finance would be approached to allocate a budge for insuring state schools against fire.

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