Kathmandu – There is intense competition in investment expansion between the two reinsurance companies operating in Nepal—government-owned Nepal Reinsurance Company and private sector–run Himalayan Reinsurance Company. Both companies are actively expanding their investments across various sectors, including fixed deposits...

Kathmandu – The Chairman of Neco Insurance Company, Ramesh Kumar Niraula, has asked Chief Executive Officer Ashok Kumar Khadka to resign from his position following concerns raised by the insurance regulator over Khadka’s recent political activities. The issue arose...

Kathmandu – Nabil Bank has announced that it will no longer provide critical illness treatment and term life insurance facilities to its customers. According to the bank, the services—currently offered to individual saver customers—will be discontinued. The bank has...

Kathmandu – Despite growing discussion on the need to insure government property following recent protests, the government remains undecided on whether physical structures should be insured. The government initiated the first phase of insurance coverage last month by insuring...

Kathmandu: Sanima Reliance Life Insurance Company Limited has announced a cash dividend of 10.1780 percent (including tax) to its shareholders. The decision was made during the company’s board of directors’ meeting held on Mangsir 29. The dividend will be...

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...