Suryayoti Life Reports Strong Q3 Growth, Net Profit Rises Nearly 32%

Kathmandu – SuryaJyoti Life Insurance Company Limited has posted a significant financial performance in the third quarter of the current fiscal year, reflecting consistent growth across key indicators. According to the company’s financial statement made public on Friday, the...


Sun Nepal Life Announces Date for Right Shares Issuance

Kathmandu – Sun Nepal Life Insurance Company Limited is set to issue right shares from Baisakh 30 (May 13), following approval from the Securities Board of Nepal (SEBON). The company will offer a total of 10,696,320 units of right...


SuryaJyoti Life Enters 18th Year, Celebrates 17 Years of Service Nationwide

Kathmandu – SuryaJyoti Life Insurance Company has entered its 18th year of operation, marking the occasion with grand celebrations across its branch, provincial, and central offices. The company, which officially began its life insurance services on Baisakh 11, 2064...


Nepal Proposes 24-Hour Insurance Coverage for Nepali Workers in UAE

Kathmandu – Nepal and the United Arab Emirates (UAE) are preparing to enhance bilateral cooperation with a focus on labour welfare, educational opportunities, and investment in skill development infrastructure. In a high-level meeting held recently, Minister for Labour, Employment...


South Korea’s Motor Insurance Market Poised for Steady Growth Through 2029 Amid Rising EV Sales: Global Data

South Korea’s motor insurance sector is projected to expand at a steady pace over the next four years, fueled by a surge in electric vehicle (EV) adoption, increased premium rates, and a rebound in vehicle sales. According to industry...


Can the World Solve Its Jobs Crisis? World Bank Spring Meetings 2025 Put Employment Front and Center

As global economies wrestle with inflation, rising debt, and widening inequality, the World Bank’s Spring Meetings 2025 have made one thing clear: job creation isn’t just a development goal—it’s the cornerstone of sustainable recovery. With an overarching theme centered...


World Bank Warns of Slower South Asia Growth Amid Global Volatility; Urges Urgent Tax Reform

The World Bank has slashed South Asia’s growth forecast for 2025, warning that the region’s fragile fiscal condition leaves it ill-prepared to absorb future shocks. In its latest South Asia Development Update released today, the Bank projects regional growth...


Five Decades On, Nepal’s Life Insurance Practices Still Runs on Foreign Actuaries

Kathmandu – Despite over five decades of insurance practices in Nepal, the country continues to rely heavily on foreign expertise for actuarial valuations, raising concerns over financial sovereignty, data privacy, and regulatory efficiency. Almost 98 percent of actuarial valuations...


Government to Establish Rs. 100 Billion Alternative Development Finance Fund with Insurance Sector Participation

Kathmandu – The Government of Nepal is preparing to establish a massive Alternative Development Finance Fund worth Rs. 100 billion, with significant investment participation from insurance companies and other major institutional investors. According to a bill proposed by the...


Nepal Insurance Authority and Sichuan Health Security Administration Hold High-Level Health Insurance Talks

Kathmandu – A high-level discussion on health insurance policies and systems was held on Monday between the Nepal Insurance Authority (NIA) and the Sichuan Health Security Administration in Chengdu, Sichuan Province, China. The bilateral meeting focused on health insurance sustainability, service accessibility, and...