Kathmandu – Internal cash payment transactions in Nepal’s insurance sector have officially come to an end from today, following a directive issued by the Nepal Insurance Authority (NIA). With effect from Magh 1, 2082 BS, all types of payments...

Kathmandu – Nepali insurance companies are facing growing financial pressure due to persistently low interest rates on bank fixed deposits and banks’ reluctance to renew deposits even after maturity. As returns from traditional investments continue to shrink, insurers are...

Kathmandu — Life rarely follows a straight path, and Binod Pyakurel’s journey stands as a testament to resilience and determination. After navigating some of life’s most challenging turns, Pyakurel has today established himself as a successful insurance professional with...

Kathmandu — The government is set to bear a financial burden of more than Rs 36 billion due to the lack of insurance coverage for public physical infrastructure damaged during the Gen-Z movement, according to an official assessment. As...

Kathmandu – A total of 667 agents from 14 life insurance companies operating in Nepal have successfully achieved the Million Dollar Round Table (MDRT) target for 2026, reflecting the growing professionalism of Nepal’s life insurance sector. According to data...

Kathmandu – Six agents of Sun Nepal Life Insurance Company Limited have successfully qualified for the prestigious Million Dollar Round Table (MDRT) for 2026, marking a significant professional milestone in Nepal’s life insurance sector. According to the company, the...

Kathmandu – The Nepal Insurance Authority has directed all insurance-related institutions to conduct all types of payments exclusively through electronic banking systems starting from Magh 1. In a directive issued on Monday, the Authority instructed life insurance companies, non-life...

Kathmandu – There is intense competition in investment expansion between the two reinsurance companies operating in Nepal—government-owned Nepal Reinsurance Company and private sector–run Himalayan Reinsurance Company. Both companies are actively expanding their investments across various sectors, including fixed deposits...

Kathmandu – The Chairman of Neco Insurance Company, Ramesh Kumar Niraula, has asked Chief Executive Officer Ashok Kumar Khadka to resign from his position following concerns raised by the insurance regulator over Khadka’s recent political activities. The issue arose...

Kathmandu – Nabil Bank has announced that it will no longer provide critical illness treatment and term life insurance facilities to its customers. According to the bank, the services—currently offered to individual saver customers—will be discontinued. The bank has...