Kathmandu — The government is set to bear more than Rs 36 billion in reconstruction expenses after extensive damage caused by the recent Gen-Z protest, as government structures were not insured prior to the incident. A committee formed to...

Kathmandu – A high-level discussion has taken place between Nil Prasad Lamichhane, Chief of the Karnali Province Office of the Nepal Insurance Authority, and Sunil Ballabh Pant, Chief Executive Officer of NLG Insurance Company Limited, with a focus on...

Kathmandu – Nepal Life Insurance Company Limited has announced new bonus rates after the Nepal Insurance Authority approved the actuarial valuation report on the company’s financial position and liabilities for the last fiscal year on Mangsir 23. With the...

Kathmandu – The Nepal Insurance Authority has released updated figures showing that non-life insurance companies have received claims exceeding Rs 27 billion for damages caused by last year’s Gen-Z movement and floods and landslides on the month of Ashoj....

Kathmandu – Sanima Reliance Life Insurance Limited has made public the new bonus rates based on the actuarial valuation report of the last fiscal year. The company stated that the updated rates will apply to all eligible policies and...

Kathmandu — Nepal’s insurance industry has once again shown that it can stand firmly with the nation during times of crisis, says Himalaya Everest Insurance Limited CEO Anju Shrestha. Reflecting on the aftermath of the Gen-Z Movement, she stated...

Kathmandu — Insurance companies operating in Nepal are making investments in accordance with the Nepal Insurance Authority’s guidelines, with notable differences in investment patterns between life and non-life insurers. Life insurance companies are found to be placing greater emphasis...

Kathmandu — The futsal competition organized by Nepal Insurance Company Limited on Mangsir 19 and 20 in Samakhushi has concluded successfully, with participation from 28 teams representing 25 organizations across Nepal’s insurance sector. Teams from the Nepal Insurance Authority,...

Kathmandu — Life insurance companies in Nepal have collectively invested close to Rs 800 billion, with Nepal Life Insurance leading the sector by a wide margin. According to the financial statements released by the Nepal Insurance Authority, the 14...

Kathmandu — The Nepal Insurance Authority (NIA) has placed two government-owned insurers — Rastriya Jeevan Beema Company and Rastriya Beema Company — under close regulatory surveillance following the discovery of serious irregularities in their financial accounts. According to the...