Saturday 4th July 2026
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 — Nepal Insurance Authority (NIA) has begun consultations with insurance and reinsurance industry stakeholders to expedite the implementation of insurance-related measures announced in the government’s budget for fiscal year 2026/27. The Authority on 30 June held discussions with representatives of the Nepal Insurers’ Association, the Life Insurers’ Association Nepal,...
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 penetration, and strengthening the country’s...
Kathmandu — Nepal’s life and non-life insurance companies settled insurance claims worth nearly Rs. 93 billion during the first 11 months of the current fiscal year 2025/26, while claims amounting to Rs. 49.44 billion remain unpaid, according to the latest data released by the Nepal Insurance Authority. The industry’s total claim payout reached Rs. 92.98 billion by the end...
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...
