Thursday 23rd April 2026
Kathmandu — Protective Micro Insurance Company is facing serious allegations of obtaining its operating license through fraudulent means, raising the possibility of cancellation if an official investigation substantiates the claims. The company is accused of securing a microinsurance license by submitting forged and misleading documents, allegedly bypassing regulatory procedures...
Kathmandu — Nepal’s non-life insurance sector recorded a 13.86% year-on-year increase in premium income, reaching over NPR 36.58 billion by the end of the third quarter of fiscal year 2025/26 (mid-April 2026). The 14 non-life insurers in operation generated a combined gross premium of NPR 36.58 billion in the...
Kathmandu — Reliable Nepal Life Insurance Limited has paid a claim under its full disability benefit. Mrs. Khagisara Shrestha, a resident of Ward No. 2, Gurans Rural Municipality in Dailekh District, had purchased an insurance policy under the “Reliable Sulabh Child Life Insurance Plan” in her son’s name. During the policy period, the proposer herself fell from a tree and became fully disabled. In...
Kathmandu — Nepal’s non-life insurance sector recorded a 13.86% year-on-year increase in premium income, reaching over NPR 36.58 billion by the end of the third quarter of fiscal year 2025/26 (mid-April 2026). The 14 non-life insurers in operation generated a combined gross premium of NPR 36.58 billion in the first nine months of the fiscal year, up from NPR...
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 — Neco Insurance Company Limited has come under scrutiny for allegedly offering benefits outside approved policy terms to lure clients away from competing insurers. The Nepal Insurance Authority has sought clarification from the company following reports of irregular practices. Instead of focusing on organic growth, Neco Insurance is accused of targeting existing clients of other insurers across both...
Kathmandu – The government led by Balen has decided to expand the jurisdiction of the anti-corruption authority to allow strict investigation of corruption in the private sector. The proposal is included in the draft Anti-Corruption Strategy for 2025 to 2028, which was made public by the Office of the Prime Minister and Council of Ministers on April 13, 2026. According to the draft released last Tuesday, any financial loss...
