Neco Insurance Allots Over 5 Million Right Shares, Unsold Units Headed for Auction

Kathmandu – Neco Insurance Limited has successfully allotted 5,030,901.55 units of right shares issued in a 4:1 ratio from Falgun 8 to Chaitra 14 (February 20 – March 27). The allotment took place on Chaitra 31 (April 13). The...


Supreme Court Postpones Hearing on Legitimacy of Insurance Authority Chairman’s Appointment

Kathmandu – The Supreme Court has rescheduled the hearing of a writ petition challenging the appointment of the Chairman of the Insurance Authority of Nepal, citing procedural delays. The next hearing has been set for Baisakh 8 (April 21),...


NRB Governer Appointment Delayed As Court Reviews Insurance Authority Chairman’s Case

Kathmandu — The post of Governor at Nepal Rastra Bank (NRB) has remained vacant since Chaitra 23 (April 5), raising concerns over procedural delays and legal ambiguities in the appointment process. Despite legal provisions mandating the appointment of a...


Non-Life Insurance Professionals Call for Policy Revisions on Shares and Reinsurance Allocation

Kathmandu — The Nepal Non-Life Insurance Professionals Association has called for critical policy reforms in the insurance sector during a formal meeting with newly appointed Insurance Authority Chairman Sharad Ojha today. The Association Chairman Rajendra Malla, congratulated Chairman Ojha...


High-Level Economic Advisory Reform Commission Suggests to Improve Deposit Insurance to Safeguard Banking Sector

Kathmandu — The High-Level Economic Advisory Reform Commission has recommended enhancing the effectiveness of Nepal’s deposit insurance mechanism to ensure long-term stability in the banking sector. Currently, the Deposit and Credit Guarantee Fund, jointly operated by the Government of...


Shikhar Insurance Sets Record by Settling Tinkune Incident Claims Within 13 Days

Kathmandu — At a time when delays in insurance claim settlements are often the norm, Shikhar Insurance Company has set a new benchmark by clearing all claims related to the Tinkune incident of Chaitra 15 within just 13 days....


National Life Insurance Announces New Bonus Rates Across Insurance Plans

Kathmandu — National Life Insurance Limited has announced new bonus rates for its insurance plans, following the approval of its latest actuarial valuation report by the Nepal Insurance Authority. The revised rates are based on the company’s financial statements...


Prabhu Mahalaxmi Life Announces New Bonus Rates Across Insurance Plans

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has officially announced the new bonus rates for its various insurance plans, following the approval of its actuarial valuation report by the Nepal Insurance Authority on Chaitra 27 (April 9). The new...


From Chalkboard to Claim Forms: Padam Budha’s Inspiring Rise in Insurance

What started as a classroom dream has turned into a powerful journey of service, determination, and transformation for Padam Bahadur Budha, a former teacher who now shines as one of the top agency managers at Citizen Life Insurance in...


Khalti Introduces Instant Collateral-Free E-Loan Service in Partnership with SuryaJyoti Life Insurance

Kathmandu — In a move to enhance digital financial access in Nepal, leading digital wallet Khalti has introduced a new collateral-free e-loan service in collaboration with Suryajyoti Life Insurance. The newly launched feature enables users to receive instant loans...