Thursday 21st November 2024
Kathmandu – In the first quarter of the current financial year, non-life insurance companies in Nepal paid a total of Rs. 4.24 billion in insurance claims. The claims were paid by 14 non-life insurance companies to their insured within the three-month period. However, the total claim payments have...
Kathmandu- The Nepal Insurance Authority has directed insurance companies to adopt a standardized format for preparing and publishing financial statements, aiming to ensure consistency and transparency across the industry. Susil Dev Subedi, Director of the Nepal Insurance Authority, informed Beemapost represent that the regulatory body has issued instructions to...
Kathmandu: Nepal’s life insurance sector has shown robust growth in the first quarter of the current financial year, with the net profit of 14 life insurance companies collectively increasing by 18.62% compared to the same period last year. According to financial statements published by these companies, the sector earned a cumulative profit of 1.9241 billion rupees, up from 1.62 billion rupees in the previous...
Kathmandu – In the first quarter of the current financial year, non-life insurance companies in Nepal paid a total of Rs. 4.24 billion in insurance claims. The claims were paid by 14 non-life insurance companies to their insured within the three-month period. However, the total claim payments have decreased by 18.69 percent compared to the same period last...
Due to the foundation of CPN (Maoist) People’s war 2062/063 and peoples movement on February 1, 2052 and the complete of successful Peoples 2072 Movement Part-2 of 2062-063, Nepal has obtained the first democratic republican constitution 2072. Constitution of Nepal 2072 October 3 Constitution was announced during the Nepal’s Prime Minister of Prime Minister Shusil Koirala. On that occasion...
Kathmandu- As Nepal grapples with increasing natural disasters, including floods, landslides, and earthquakes, the need for a robust, inclusive insurance system has never been more pressing. Insurance, as highlighted at the 2024 International Conference on Inclusive Insurance (ICII) in Kathmandu last month, is not just a means of financial recovery; it’s a vital tool for national resilience. The...
Kathmandu, Rastriya Banijya Bank (RBB) has introduced a new agricultural loan product, Kisan Saral Karja, aimed at supporting farmers across Nepal. Under this scheme, farmers can avail loans of up to NPR 10 lakh, with an additional facility of a Kisan Credit Card worth NPR 1 lakh. The loan is available to farmer aged 18 to 65 engaged in agricultural businesses or legally registered firms. It can be...
