Tuesday 28th April 2026
Kathmandu — The Ministry of Finance has acknowledged that regulation of the insurance sector is weak. Through its current economic report, the ministry has pointed out that comprehensive reforms are necessary due to the lax regulation of the insurance business. The ministry also stated that, on one hand, fraudulent...
Kathmandu — The Nepal Insurance Authority has instructed insurance companies to implement an e-billing system. The directive aims to strengthen financial discipline in the insurance sector, enhance transparency in transactions, ensure tax compliance, and make service delivery more technology-friendly. According to Director Hridayeshwar Pandit, the Authority has mandated insurers...
Kathmandu — The Nepal Insurance Authority has instructed insurance companies to implement an e-billing system. The directive aims to strengthen financial discipline in the insurance sector, enhance transparency in transactions, ensure tax compliance, and make service delivery more technology-friendly. According to Director Hridayeshwar Pandit, the Authority has mandated insurers to issue electronic bills or invoices for all types of insurance premiums, fees, and other...
Kathmandu — The Nepal Insurance Authority has instructed insurance companies to implement an e-billing system. The directive aims to strengthen financial discipline in the insurance sector, enhance transparency in transactions, ensure tax compliance, and make service delivery more technology-friendly. According to Director Hridayeshwar Pandit, the Authority has mandated insurers to issue electronic bills or invoices for all types of...
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...
