Friday 9th October 2026
Kathmandu — The Professional Insurance Agents Association Nepal has urged the Nepal Insurance Authority to clarify arrangements governing incentive payments to life insurance agents following reports that some companies have reduced them. The association has asked the Authority to issue necessary directions to insurance companies. During discussions, Authority Executive...
Kathmandu — Records found in the Health Insurance Board’s online system show claims were submitted for maternity and Caesarean section services under the names of male policyholders. The records indicate that claims were filed for insurance payments showing male beneficiaries as having given birth and undergone Caesarean procedures. According...
Kathmandu — Insurance companies paid a total of NPR 6.78 billion in claims during the first month of fiscal year 2026/27, with life insurers alone accounting for NPR 5.47 billion. According to data from the Nepal Insurance Authority, life and non-life insurance companies paid NPR 6.78 billion against 39,090 claims in July 2026. In July 2025, insurers paid NPR 6.74 billion against 38,529 claims....
Kathmandu — Siddhartha Premier Insurance has begun settling claims for property damage caused by the devastating flood in the Bhotekoshi River on August 26. The insurer made its first payment of NPR 6.4 million to Trishuli Fancy Store in Trishuli Bazaar for inventory swept away by the flood. After receiving the claim settlement document, the shop owner expressed satisfaction...
Kathmandu — The flood in Rasuwa has disrupted communications with insurance companies, banks, hydropower projects and other offices operating in the area. There is still no confirmed information on the extent of damage caused to the offices of insurance companies and banks. The Ministry of Energy, however, is collecting data on the damage caused to hydropower projects. The branches...
Kathmandu – ICRA Nepal has downgraded Nepal Reinsurance Company Limited’s issuer credit rating from ‘ICRA NP-IR A’ to ‘ICRA NP-IR A-‘, citing the reinsurer’s potentially large exposure to claims from the devastating August 26 flash floods. The company remains on ‘watch with negative implications.’ The ‘W’ notation attached to the rating signals that further review is pending, while the...
Kathmandu — Deposits at banks and financial institutions fell 0.3% (NPR 2.07 billion) to NPR 8.256 trillion in the first month of fiscal year 2083/84 (mid-July to mid-August 2026), according to data released by Nepal Rastra Bank. In the same period last fiscal year, deposits had declined 0.8% (NPR 5.579 billion). On a year-on-year basis, deposits at banks and financial institutions increased 14.5% as of mid-August 2026. As of...
