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...

Kathmandu -The tenure of Surya Prasad Silwal, the suspended chairman of the Nepal Insurance Authority, officially concluded on January 31, 2025, marking the end of his term. Silwal, who was suspended after the Commission for the Investigation of Abuse...

Kathmandu – NLG Insurance Company Limited has issued a notice regarding the sale of unsold rights shares from its promoter and public groups. Despite earlier efforts to allocate these shares, a portion remains unsold, prompting the company to invite...

Kathmandu – The government has transferred Rs 800 million to the Nepal Insurance Authority to settle insurance claims for farmers involved in agricultural crop and livestock farming. This funding aims to provide relief to thousands of farmers who have...

Kathmandu – Out of the 14 life insurance companies operating in Nepal, five have announced new bonus rates for their policies for the fiscal year 2080/81. Nepal Life, SuryaJyoti Life, Citizen Life, IME Life, and Met Life have disclosed...

Kathmandu – IME Life Insurance Company Limited has published its second-quarter financial statements for the current fiscal year, reporting a 14.12% increase in net profit compared to the same period last fiscal year. The company’s net profit rose from...

Kathmandu – Rena Rijal is set to be appointed as the Deputy Chief Executive Officer (DCEO) of United Ajod Insurance Company. The position has been vacant for the past five months following the departure of former DCEO Naveen Subedi....

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...