National Insurance Company Limited (NICL) Nepal today unveiled its plan to tie up with various automobile dealers to provide a 'cashless settlement' facility to customers against damages caused to vehicles. Once the policy is launched, vehicle owners, whose vehicles have been damaged in minor or major accidents, can repair the vehicle, without investing their own money, a first of its kind in the country. “We have initiated necessary processes to launch the new product. We hope we will be able to introduce it soon,” said Sujit Das, director and general manager of NICL India, who is currently in Nepal, addressing a press meet in Kathmandu today. Currently, people who have insured their vehicles have to arrange necessary funds required to repair the vehicle themselves. They then have to demand for refund from insurance companies.