Kathmandu – Rajendra Bahadur Chand has been unanimously elected as President of the National Life Insurer Committee under the Professional Insurance Agents Association Nepal. He was elected during the association’s second national convention, held in Butwal on Friday, where representatives of National Life insurers and professional agents gathered. Shankar...
Kathmandu — Former Prime Minister K.P. Sharma Oli, who has been accused of fleeing the scene by helicopter during the Gen-Z protests, has been taken into police custody along with former Home Minister Ramesh Lekhak over their alleged role in the state crackdown on student-led demonstrations in Kathmandu on...
Kathmandu – Rajendra Bahadur Chand has been unanimously elected as President of the National Life Insurer Committee under the Professional Insurance Agents Association Nepal. He was elected during the association’s second national convention, held in Butwal on Friday, where representatives of National Life insurers and professional agents gathered. Shankar Lamichhane was elected as Senior Vice President. The Vice Presidents include Yam Kumar Rai, Rajesh...
Kathmandu – A discussion program on insurance policies, challenges, and solutions in the transport sector of Koshi Province was held today in Biratnagar. The event was organized by the Koshi Province Office of the Nepal Insurance Authority. The program focused on key issues such as existing insurance policies in the transport sector, current challenges, the state of motor insurance,...
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 Authority has fined eight insurance companies for non-compliance with regulatory provisions. The regulator imposed a penalty of two lakh rupees on each company for failing to operate in line with the Insurance Act. According to the Authority, the companies had been asked to submit clarifications after not following its directives. However, their responses were...
Kathmandu – Commercial banks in Nepal have earned a total profit of Rs 13.14 billion in the first quarter of the current fiscal year 2082/83, according to the financial statements made public by the banks. The figure represents a double-digit decline compared to the same period last fiscal year, when banks had earned Rs 16.18 billion. Out of the 20 commercial banks, the profits of 15 banks have decreased,...