More Than NPR 4 Billion Misappropriated from Five Insurance Companies, Including Himalayan Reinsurance

Kathmandu — A police investigation has concluded that more than NPR 4 billion was misappropriated from five insurance-related companies, including Himalayan Reinsurance. The investigation has also found that funds collected from insurance operations were diverted and invested in the...


Director Regmi and Deputy Director Bhatta File Candidacies for Insurance Authority Chairmanship

Kathmandu — Two officials from the Nepal Insurance Authority have submitted applications for the position of Chairperson following the government’s call for applications for the appointment of a new head of the insurance regulator. Director Kamal Prasad Regmi and...


BLA’s Evolution Raises Questions Over Its Role in Balochistan Conflict

The deadly attacks carried out across Balochistan on January 31, which left dozens of civilians and security personnel dead, have renewed attention on the changing nature of the Baloch Liberation Army (BLA), a group whose tactics and operations have...


Tax on Insurance Agents’ Income Increased

Kathmandu — The government has increased the tax imposed on the income of insurance agents. Through the Finance Bill tabled in Parliament alongside the budget for the upcoming fiscal year, the tax rate on insurance agents’ income has been...


How Did the Insurance Sector View the Budget? Reactions from Industry Stakeholders

Kathmandu — Unlike previous years, when the budget primarily focused on health insurance while only broadly addressing the insurance sector, this year’s budget appears somewhat different. It seems to place greater emphasis on reforms for non-life insurance companies rather...


Finance Minister Wagle Reverses Silwal-Era Policy, Makes 20% Reinsurance Through Nepal Re Mandatory

Kathmandu — This year’s national budget has introduced a broader and more interventionist approach to Nepal’s insurance sector, moving beyond the traditional focus on health insurance and placing greater emphasis on strengthening non-life insurance and domestic reinsurance capacity. While...


Budget Expands Insurance Coverage Across Health, Agriculture, Housing and Disaster Risk Management

Kathmandu — The government has unveiled an ambitious expansion plan for Nepal’s insurance sector through the national budget for fiscal year 2026/27, with major policy measures targeting health, agriculture, transport, housing, labor protection and disaster risk management. Presenting the...


Government to Reinstate Mandatory 20% Reinsurance Placement With Nepal Reinsurance Company

Kathmandu — Insurance companies operating in Nepal will once again be required to place 20 percent of their total insured risk with the state-backed Nepal Reinsurance Company under a new budgetary provision announced by the government. Finance Minister Swarnim...


Life Insurance Policy Surrenders Reach Rs 11.60 Billion in 10 Months; Over 1.22 Million Policies Not Renewed

Kathmandu — The amount withdrawn from life insurance companies through policy surrenders has exceeded Rs 11.60 billion in the first 10 months of the current fiscal year, according to the latest insurance sector report published by the Nepal Insurance...


Crisis Deepens in Nepal’s Health Insurance Program as Enrollment Assistants Launch Nationwide Pen-Down Strike

Kathmandu — Health insurance enrollment assistants across Nepal have launched an indefinite pen-down strike, saying long-standing problems within the national health insurance program remain unresolved and accusing the government and the Health Insurance Board of ignoring their concerns. The...