Kathmandu — Life insurance companies in Nepal have collected a total of Rs 182.27 billion in premiums from various insurance products by the end of the Ashar 2081/82, according to the Nepal Insurance Authority. The amount was generated from...

  Kathmandu — Life insurance companies in Nepal have reported significant growth in first premium collection in new business during the last fiscal year, with first insurance premiums reaching Rs 43.69 billion by the end of Ashar 2081/82. According...

Kathmandu — The devastating floods and landslides triggered by incessant rainfall in Rasuwa district on 23 Ashar (July 7) have resulted in insurance claims approaching Rs 1 billion. According to the Nepal Insurance Authority, as of 22 Shrawan (August...

Kathmandu — Renewal premium income for life insurance companies in Nepal grew significantly in the last fiscal year 2081/82, indicating steady sectoral expansion and improved policyholder retention. According to the Nepal Insurance Authority, the 14 life insurers currently operating...

Kathmandu – Nepal’s non-life insurance sector witnessed a steady growth of 6.77% in the fiscal year 2082/83, according to data released by the Nepal Insurance Authority. The country’s 14 non-life insurance companies collectively generated a business volume of Rs...

Kathmandu — Nepal’s life insurance sector has recorded significant growth in the last fiscal year, with total premiums collected reaching Rs 181.42 billion by the end of Ashar, according to the financial statements published by the Nepal Insurance Authority...

Kathmandu — The 14 non-life insurance companies operating in Nepal collectively recorded a business volume of nearly Rs 44 billion in the last fiscal year 2081/82, according to financial statements released by the Nepal Insurance Authority. During the period,...

Kathmandu — Prabhu Insurance Limited concluded it’s 29th Annual General Meeting (AGM), held today at Prabhu Complex, Koteshwor, Tinkune. The company made significant decisions for its shareholders during the meeting. The meeting endorsed a proposal to distribute 18 percent...

Kathmandu — Nepali insurance companies will now be able to make payments for specialist services to individuals in India without prior approval from the Nepal Rastra Bank (NRB). The central bank has introduced this change through significant amendments to...

Kathmandu — General Insurance Association of Nepal (GIAN) has urged the Insurance Authority (NIA) to address pressing challenges in the country’s insurance system, emphasizing the need for policy reforms that could enhance investor confidence and improve operational efficiency. In...