Friday 29th August 2025
Kathmandu – The 14 life insurance companies operating in Nepal earned a combined income of Rs 250.53 billion in the fiscal year 2081/82, reflecting a 12.01 percent growth compared to the previous year. According to the companies’ published financial statements, the sector had earned Rs 223.67 billion in the...
Kathmandu – Nepal’s insurance sector has increasingly become an attractive employment destination, with more than 12,000 employees receiving service facilities annually. According to the financial statements of the last fiscal year, a total of 12,251 employees working in life and non-life insurance companies were provided with employee benefit expenses...
Kathmandu – The 14 life insurance companies operating in Nepal earned a combined income of Rs 250.53 billion in the fiscal year 2081/82, reflecting a 12.01 percent growth compared to the previous year. According to the companies’ published financial statements, the sector had earned Rs 223.67 billion in the previous fiscal year. Among the insurers, Nepal Life Insurance maintained its leading position with a...
Kathmandu – Neco Insurance Limited has announced that it will be conducting a non-life insurance agent training program from Bhadra 22 to 24 (September 7 to 9). According to the public notice issued by the company, the training sessions will run daily from 10:00 am to 5:00 pm. The program will be conducted virtually from the company’s central office...
Editorial For the Nepal Insurance Authority (NIA), the past seven months have been marked not by regulatory breakthroughs, but by turmoil. The nation’s apex insurance watchdog has seen two of its most senior leaders fall under scrutiny—one acquitted, the other suspended—and now stands cautiously under interim leadership. These events, unfolding one after another, have exposed not just the fragility...
Kathmandu – The Nepal Insurance Association has formally written to the Nepal Insurance Authority, raising concerns over delays in claim settlements by the two reinsurance companies operating in the country. According to the association, insurance companies are facing financial strain as Nepal Reinsurance Company and Himalayan Reinsurance Company have withheld amounts due for claim payments. Insurers say the situation...
Kathmandu – Commercial banks in Nepal paid nearly Rs 33 billion in income tax to the government during the last fiscal year 2081/82, marking a significant increase compared to the previous year. According to official data, the 20 commercial banks currently in operation collectively contributed Rs 32.80 billion in revenue, up by 23.56 percent from the Rs 26.54 billion paid in the fiscal year 2080/81. The rise in tax...
