Monday 6th July 2026
Kathmandu – Term life insurance remains the largest contributor to Nepal’s life insurance industry, accounting for more than 40 percent of the sector’s total premium income. According to the latest data from the Nepal Insurance Authority (NIA), life insurers collected a total gross written premium of Rs 177.65 billion...
Kathmandu — Representatives of Nepal’s insurance agents have urged Nepal Rastra Bank (NRB) Governor Bishwo Nath Poudel not to move forward with proposals to revive the bancassurance model, arguing that its return would undermine the livelihoods of insurance agents and revive past market distortions. The agents’ appeal comes after a...
Kathmandu – Himalayan Life Insurance Limited has announced a reshuffle in its board of directors, with four directors stepping down and two new members appointed to fill the vacancies. Founder shareholders’ representative Saurabh Duggad and public shareholders’ representatives Pramila K.C., Sachin Acharya, and Ashish Dhakal have resigned from the company’s board. Their resignations were accepted at the board meeting held on July 3, 2026....
Kathmandu — Shikhar Insurance Company Limited, one of Nepal’s leading non-life insurers, has crossed a major milestone by collecting more than Rs 6 billion in gross written premiums during the current fiscal year 2025/26, marking a significant achievement for the country’s non-life insurance industry. The company said the accomplishment reflects its continued contribution to expanding Nepal’s insurance market, broadening 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 insurance sector provides a stark example of how extensive political interference has weakened Nepal’s financial institutions. Investigations into alleged misconduct by former Insurance Authority Chairman Surya Prasad Silwal, widely criticized by some as one of the most controversial figures in the sector, have yet to be fully pursued. Silwal has faced allegations ranging from using funds...
Kathmandu – Nepal Rastra Bank (NRB) has revised the Unified Directive, 2025 for Class A, B, and C banks and financial institutions, introducing new provisions effective June 24, 2026 under Section 79 of the Nepal Rastra Bank Act, 2002. Under the revised rules, banks may capitalize accrued interest on long-term project loans during the grace period, provided the arrangement is included in the loan agreement. The provision applies to projects...
