Kathmandu – As the second week of the month of Magh draws to a close, the majority of Nepal’s insurance companies have failed to meet the regulatory deadline for submitting their financial statements. According to the Nepal Insurance Authority,...

Kathmandu – The Patan High Court has ordered SuryaJyoti Life Insurance to pay Rs 1 million, along with interest, to Angad Khadka of Bhaktapur, who has been bedridden due to a severe illness. The decision was issued by a...

Kathmandu – Allegations of irregularities have surfaced against Sagarmatha Lumbini Insurance Company (SALICO) regarding the conversion of promoter shares of the then Sagarmatha Insurance Company into general public shares. The process, which was supposed to adhere to the approval...

Kathmandu – The Nepal Insurance Authority is set to extend the deadline for the capital increase of two reinsurance companies—Nepal Reinsurance Company and Himalayan Reinsurance by one year. The decision follows the Government of Nepal’s indication that there is...

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...

Kathmandu – A total of twelve individuals have submitted applications for the post of chairman of the Insurance Authority, the regulatory body overseeing Nepal’s insurance sector. According to the Ministry of Finance, the application process, which concluded on last...

Kathmandu – The Nepal Insurance Authority has intensified its efforts to curb the flow of black money into the insurance sector, particularly through single premium and high-value insurance policies. In response to growing concerns, the Authority is preparing to...

Kathmandu – The surrender of life insurance policies in Nepal has reached a significant figure, with policies worth Rs 7.46 billion being surrendered by the end of the Poush month (mid-January). According to the latest data from the Nepal...

Kathmandu – Non-life insurance companies in Nepal have collectively earned insurance premiums worth Rs 20.88 billion during the second quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. The premium income reflects the...

Kathmandu – Life insurance companies in Nepal earned over NPR 63 billion in renewal insurance premiums in the first six months of the current fiscal year 2081/082. According to the Nepal Insurance Authority, 14 life insurance companies operating in...