Kathmandu – Rastriya Beema Company, a state-owned enterprise, is under scrutiny for alleged financial irregularities and corruption. The company has reportedly prepared and approved an audit report for fiscal years 2073 to 2075 in violation of accounting standards, with...

Kathmandu – Acting Chairman of the Nepal Insurance Authority (NIA), Madan Dahal, has unveiled a series of new initiatives aimed at reforming and expanding Nepal’s insurance sector. Speaking at a social dialogue event organized by the Nepal Financial Institute...

Kathmandu – The Nepal Insurance Authority has introduced mandatory refresher training for over 200,000 insurance agents and surveyors as a prerequisite for license renewal. The announcement was made by Acting Chairman Madan Dahal during a social dialogue program organized...

Kathmandu – The Morang Merchant’s Association has called on Finance Minister Bishnu Prasad Paudel to address the high premium rates in Nepal’s non-life insurance sector and introduce measures to revitalize the nation’s economy. In a memorandum submitted to the...

Kathmandu – The government has proposed significant increases in license fees for insurance agents, surveyors, brokers, and third-party facilitators under the draft Insurance Regulations 2081. The proposed changes aim to modernize the insurance sector and align it with current...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has transferred its recently announced bonus shares to the demat accounts of eligible shareholders. The company’s annual general meeting, held on October 9, 2024 had approved a 10 percent bonus share distribution....

Kathmandu – The Rastriya Jeewan Beema Company Limited, a government-owned entity, has launched a new foreign employment insurance scheme aimed at safeguarding Nepali workers heading abroad for employment. The initiative enables workers to secure insurance coverage using their passport...

Kathmandu – Insurance companies in Nepal have collectively invested NPR 744 billion in various sectors, with a significant portion placed in bank fixed deposits. Of this, life insurance companies account for NPR 677 billion, while non-life insurance companies have...

Kathmandu – In the aftermath of the devastating floods and landslides that recently impacted Nepal, non-life insurance companies have collectively disbursed over NPR 1.19 billion in advance claims payments to those affected by the disaster. These payments aim to...

Kathmandu – Madan Dahal, the newly appointed Acting Chairman of the Nepal Insurance Authority, has pledged to operate in alignment with the core values and principles of insurance while aiming to expand its scope. Assuming office at the Authority’s...