Sunday 31st May 2026
Kathmandu — The government has increased the tax imposed on the income of insurance agents. Through the Finance Bill tabled in Parliament alongside the budget for the upcoming fiscal year, the tax rate on insurance agents’ income has been raised from 15 percent to 20 percent. According to the...
Kathmandu — Unlike previous years, when the budget primarily focused on health insurance while only broadly addressing the insurance sector, this year’s budget appears somewhat different. It seems to place greater emphasis on reforms for non-life insurance companies rather than life insurance. At the same time, it appears to...
Kathmandu — Life insurance companies operating in Nepal generated NPR 120.72 billion in renewal premium income during the first ten months of fiscal year 2025/26 (2082/83). According to financial data released by the Nepal Insurance Authority, the country’s 14 life insurers collectively earned NPR 120.716 billion in renewal premiums over the review period. Compared with the same period of the previous fiscal year, renewal...
Kathmandu — The government has doubled the coverage limit for third-party motor insurance as part of the budget for fiscal year 2026/27. Presenting the budget in Parliament, Finance Minister Swarnim Wagle announced a 100 percent increase in the maximum compensation limit under third-party vehicle insurance. With the revision, the coverage ceiling has been raised from Rs 500,000 to Rs...
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 — This year’s national budget has introduced a broader and more interventionist approach to Nepal’s insurance sector, moving beyond the traditional focus on health insurance and placing greater emphasis on strengthening non-life insurance and domestic reinsurance capacity. While previous budgets largely centered around expanding health insurance coverage, the budget for fiscal year 2026/27 includes policy measures related to...
Kathmandu — A branch manager of Global IME Bank has been found dead in an apparent suicide after posting a message on social media targeting the bank’s top management. The deceased, Pitambar Khadka, reportedly shared a Facebook post on May 18 in which he wrote “You bastard killed me” and posted photos of the bank’s Chief Executive Officer Surendra Raj Regmi along with several senior officials. The post also...
