Monday 23rd March 2026
Kathmandu — A powerful storm on Monday evening wreaked havoc on banana farms across Rautahat, leaving many farmers struggling financially due to the absence of crop insurance. The storm caused significant damage in Chandrapur Municipality, particularly in Ward No. 3, where banana crops valued at around NPR 15 million...
In recent years, Nepal’s insurance sector has seen the rise of professionals who combine trust, service, and professionalism in their work. Among them, Pratima KC of Citizen Life Insurance has established herself as a standout figure. Based in Bardaghat, Nawalparasi, she has spent nearly a decade building a strong...
Kathmandu — Marking International Forest Day, Sun Nepal Life Insurance Company Limited carried out a tree plantation program in Dadimada village of Adarsha Rural Municipality–7 in Doti, in partnership with the Lumbini World Peace Forum. The initiative is part of the company’s eighth anniversary celebrations and falls under its corporate social responsibility efforts. Sun Nepal Life has launched a broader campaign to plant 8,000...
Kathmandu – United Ajod Insurance Limited will open its rights share issue on April 9, offering existing shareholders the opportunity to purchase additional shares. The company is issuing rights shares at a ratio of 10 new shares for every 100 shares held. In total, it plans to issue 2.31 million shares at a face value of NPR 100 each,...
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 — Insurance companies are fuming after Nepal Reinsurance Company Limited made the abrupt decision to cut the commission it offers for riot and terrorism insurance. Surendra Thapa, the CEO of Nepal Reinsurance Company Limited, sent out a letter to all non-life insurance firms, announcing the reduction in commission for riot and terrorism coverage. The move has left insurers...
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,...
