Wednesday 22nd April 2026
Kathmandu — Minister of Physical Infrastructure and Transport Sunil Lamsal has been accused of unlawfully pressuring Neco Insurance Company to release around Rs 100 million in connection with a disputed insurance claim currently under consideration by the Supreme Court. According to sources, Lamsal summoned officials from the Insurance Authority...
Kathmandu — Reports had repeatedly surfaced on Beemapost alleging that shares of micro-insurance companies were sold through bribery arrangements, with payments reaching up to Rs. 200 per share under the tenure of then–Nepal Insurance Authority Chairman Surya Prasad Silwal. These claims, first reported three years ago, now appear to...
Kathmandu — Nepal Life Insurance Company Limited has introduced a special scheme offering a full waiver on late fees for the revival of lapsed insurance policies, marking its 25th anniversary. In light of ongoing economic challenges that have led to an increase in lapsed policies, the company emphasized the importance of helping policyholders restore their coverage and maintain financial protection. To support this, Nepal...
Kathmandu — After receiving reports that many employees in insurance companies may have submitted fake academic certificates, the Insurance Authority has launched an investigation and is moving ahead with immediate disciplinary action. There have been repeated complaints suggesting that a significant number of individuals obtained jobs using fraudulent academic documents. Just last month, an employee at one insurance company...
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...
