Kathmandu – Nepali insurance companies have demonstrated their reliability by not only insuring but also swiftly compensating their clients. Siddhartha Premier Insurance Company has set a benchmark by paying insurance claims worth Rs. 1.25 billion to victims of the...

Kathmandu – Insurance companies have begun disbursing large-scale claim payments following the Gen-Z protest. According to the latest data released by the Nepal Insurance Authority, non-life insurance companies have so far received Rs 23.19 billion in initial insurance claims...

Kathmandu — The policy surrender rate of life insurance companies in Nepal has seen a notable decline, though the number of non-renewed policies continues to rise, signaling mixed trends in the country’s life insurance business. According to recent data...

Kathmandu — Nepal’s insurance sector has emerged as one of the most attractive employment destinations in recent years, providing job opportunities to more than 12,000 people nationwide. The growth of the industry, coupled with increased awareness and training programs,...

Kathmandu — The Nepal Reinsurance Company (Nepal Re) has disbursed Rs 2.5 billion in advance payments to insurance companies to support swift claim settlements. The company made payments totaling Rs 3.5 billion over two days — on Ashoj 27...

Kathmandu – In a major shift for Nepal’s insurance industry, several non-life insurance companies have started disbursing advance claim payments to policyholders affected by the recent Gen Z protests, marking a new era of prompt compensation and responsible insurance...

Kathmandu — Himalayan Life Insurance Limited has appointed Kapil Kumar Dahal as the Acting Chief Executive Officer (CEO) following the resignation of former CEO Manoj Kumar Lal Karna. According to Company Secretary Ishwar Kumar Sedai, the decision was made...

Kathmandu — The Board of Directors of Himalayan Life Insurance Company has accepted the resignation of Chief Executive Officer (CEO) Manoj Kumar Lal Karna, following days of protests by the company’s agents and employees. The board’s decision was made...

Kathmandu — Demonstrating swift action and reliability in crisis response, Shikhar Insurance Company has settled 218 insurance claims within just 17 working days, amounting to Rs 420.1 million, for losses caused during the Gen-Z protest on Ashoj 24. Despite...

Kathmandu — Nepal Rastra Bank (NRB) has approved Pakistan’s Habib Bank Limited (HBL) to sell its promoter shares in Himalayan Bank Limited to National Life Insurance Company Limited. According to Himalayan Bank, the central bank approved the transaction following...