Kathmandu — Former Chief Justice Sushila Karki has formally assumed leadership of the interim government, taking the oath of office and secrecy as Prime Minister today. The swearing-in ceremony was held at the President’s Office, where President Ram Chandra...

Kathmandu — The Gen Z movement, which turned violent after Bhadra 23, has left widespread devastation across the country, with property damage estimated in the billions of rupees. Insurance companies fear that claims could surpass Rs 50 billion, posing...

Kathmandu — The Nepal Insurance Authority has instructed insurance companies to expedite the settlement of claims related to damages caused during the Gen Z protests on Bhadra 23 and 24. Issuing a notice on Thursday, the authority urged insurers...

Kathmandu — Bhatbhateni Superstore has suffered damages worth billions of rupees during the Gen Z protests last Tuesday, with initial assessments indicating insurance claims of over Rs 2.5 billion falling under IGI Prudential Insurance alone. Out of the 28...

Kathmandu – The Nepal Insurance Authority has issued the Insurance Investment Directive, 2082, broadening the scope of investment for life, non-life, micro, and reinsurance companies. The directive, approved on Bhadra 17, aims to strengthen regulatory oversight while creating new...

Kathmandu – The Government of Nepal has introduced a health insurance program aimed at ensuring the well-being and social security of filmmakers while supporting the sustainable development of the Nepali film industry. The initiative, titled “Health Insurance Program for...

Kathmandu – More than 19,000 insurance and financial professionals from around the world participated in this year’s Million Dollar Round Table (MDRT) Global Conference, a prestigious platform that recognizes excellence, discipline, and service in the financial and insurance sector....

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) has completed 24 years of service and entered its 25th year since its establishment on September 1, 2001. The company, a leading player in Nepal’s insurance industry, has consistently expanded...

Kathmandu – Life insurance companies in Nepal have collectively generated Rs 3.27 billion in new business during the first month of the current fiscal year, according to data published by the Nepal Insurance Authority. A total of 14 life...

Kathmandu – Despite economic slowdown and multiple challenges, commercial banks in Nepal have accelerated credit expansion. According to the latest figures, the 20 commercial banks currently in operation disbursed loans worth Rs 485.5 billion in fiscal year 2081/82, marking...