Kathmandu – The Nepal Insurers’ Association has unanimously elected a new leadership team ahead of its general meeting today. The nominations, finalized yesterday, saw prominent figures from the insurance industry taking on key roles. Siddhartha Premier Insurance CEO Birendra...

Kathmandu – Out of the total insurance claims amounting to Rs 12.78 billion from the devastating floods and landslides triggered by incessant rains in last September 2024, non-life insurance companies have paid only Rs 2.5 billion so far. This...

Kathmandu – Life insurance companies operating in Nepal have collectively invested more than Rs 700 billion in various sectors during the second quarter of the current fiscal year, according to the Nepal Insurance Authority. The 14 life insurance companies...

Kathmandu – Himalayan Life Insurance Limited has published its financial statements for the second quarter of the current fiscal year, revealing an 8.73% growth in net profit compared to the same period last year. The company’s net profit rose...

Kathmandu – Sushil Dev Subedi has been appointed as the new Executive Director of the Nepal Insurance Authority. The decision was made during a meeting of the Authority’s Recruitment Committee held on February 5, 2025. Subedi, who joined the...

Kathmandu – Himalayan Life Insurance has introduced a special discount on late fees for expired insurance policies, providing policyholders with an opportunity to renew their policies at reduced costs. The company has announced discounts of up to 75 percent...

Kathmandu – Siddhartha Premier Insurance Company has announced an impressive 30 percent cash dividend for its shareholders. The decision was made during the board of directors meeting held on Monday evening. Based on the company’s current paid-up capital of...

Kathmandu – SuryaJyoti Life Insurance Company has published its financial results for the second quarter of the current fiscal year, showing a slight improvement in net profit but a decline in earnings per share (EPS). As of end of...

Kathmandu – The Nepal Insurance Authority (NIA) has initiated preparations to transfer approximately Rs 5 billion from its fund to the government account of the Ministry of Finance. Out of the Rs 9 billion collected by the Authority as...

Kathmandu – Life Insurance Corporation (LIC) Nepal has opened applications for the auction of nearly 500,000 unallocated right shares, starting today, January 3. The company had recently issued right shares to its shareholders in the ratio of 1:0.8845 (88.45...