Government Integrates Health Insurance Programs for Poor Citizens

Kathmandu — The Ministry of Health and Population has begun integrating scattered social health security programs under a unified framework aimed at improving access to healthcare for poor citizens. Minister for Health and Population Pradeep Poudel on Wednesday launched...


Shikhar Insurance Draws Major Attention at NADA Auto Show 2025

Kathmandu — The much-anticipated NADA Auto Show 2025 has kicked off in the capital, attracting automobile enthusiasts eager to explore the latest cars and motorcycles. Yet, the spotlight is not only on new vehicles — the stall of Shikhar...


Life Insurance Companies in Nepal Pay Rs 78.72 Billion in Claims in FY 2081/82

Kathmandu – Nepal’s life insurance companies have seen a significant rise in claim payouts, with all 14 operating life insurance companies disbursing a total of Rs 78.72 billion in the last fiscal year (FY 2081/82). This marks a 19.20...


Swiss Re and Berkshire Hathaway Tops “World’s Largest Reinsurer” Rankings

Swiss Re has secured the top position in AM Best’s latest “World’s 50 Largest Reinsurers” rankings under IFRS 17 reporting standards, moving ahead of Munich Re. The rankings were published ahead of the Rendez-Vous de Septembre in Monte Carlo,...


Government Dismisses Insurance Authority Chairman Sharad Ojha

Kathmandu – The government has formally dismissed the suspended Chairman of the Nepal Insurance Authority, Sharad Ojha, less than six months after his appointment. According to a source close to the Cabinet, the decision was made at a Cabinet...


Life Insurance Companies’ Net Premiums Rise 14.69% in Q4 of FY 2081/82

Kathmandu – The life insurance industry in Nepal reported solid growth in the last fiscal year, with all 14 life insurers reporting higher earnings. According to the fourth-quarter financial statements for FY 2081/82, the sector’s total net insurance premiums...


Non-Life Insurance Companies Strengthen Capital, Reserves Despite Profit Variation in Q4 of FY 2081/82

Kathmandu – The overall financial condition of Nepal’s non-life insurance sector weakened in the last fiscal year, with profits falling sharply due to a surge in flood-related claims. According to the financial statements of 13 listed non-life insurers, aggregate...


Government Moves to Dismiss Insurance Authority Chairman Sharad Ojha Over Fake Documents

Kathmandu – The government is preparing to dismiss Sharad Ojha, chairman of the Nepal Insurance Authority, after an investigation concluded that the documents he submitted at the time of his appointment were fake. A committee formed by the Council...


Life Insurance Companies Earn Profit of Rs 6.2 Billion in FY 2081/82, Nepal Life and IME Life on Top

Kathmandu — The combined net profit of life insurance companies in Nepal fell by 16.01% in the fiscal year 2081/82, according to financial statements published by the insurers. The 14 life insurance companies currently in operation earned a total...


Non-Life Insurance Companies Earn 4.16 Billion Net Profit in FY 2081/82, Siddhartha Premier and Neco Insurance at the Lead

Kathmandu – The net profit of Nepal’s non-life insurance sector fell sharply in the last fiscal year 2081/82, declining by 28.92 percent compared to the previous year. According to the financial statements published by the 14 non-life insurance companies...