Non-Life Insurance Companies in Nepal Collect Rs 39 Billion in Premiums

Kathmandu – Nepal’s non-life insurance sector has reported impressive earnings, with 14 operating companies collectively generating a total premium income of Rs 39.03 billion in the first eleven months of the current fiscal year. According to the latest data...


Nepal Insurance Authority Sets Final Policy Issuance Date for Fiscal Year

Kathmandu — The Nepal Insurance Authority has announced that insurance companies will not be permitted to issue any new insurance policies after Ashar 28 (July 12), marking the official business closing date for the current fiscal year. The decision...


MetLife Nepal Launches Policy Revival Campaign with Late Fee Waivers

Kathmandu — MetLife Nepal has introduced its annual policy revival campaign, offering a valuable opportunity for customers to reinstate their lapsed life insurance policies and strengthen their long-term financial security. As part of the campaign, the company is providing...


CIB Probes Attempt to Defraud Insurance Payout Using Forged Documents and Deceased Migrant’s Identity

Kathmandu – The Central Investigation Bureau (CIB) of Nepal Police has launched a formal investigation into a case involving forged documents and collusion between a government employee and a husband seeking to fraudulently claim insurance money in the name...


Himalayan Life Insurance’s 18th AGM Concludes, Approves 8% Cash Dividend

Kathmandu – The 18th Annual General Meeting (AGM) of Himalayan Life Insurance Limited concluded today at Amrapali Banquet, Naxal, Kathmandu, with the approval of key financial and operational agendas for the previous fiscal year. The meeting approved a proposal...


NLG Insurance Partners with UNDP to Launch Inclusive Insurance Program

Kathmandu – NLG Insurance Company Limited is set to implement an inclusive insurance program in partnership with the United Nations Development Programme (UNDP). The initiative will be carried out under the Inclusive Insurance Innovation Challenge (IIC), a competition aimed...


Air India Crash Triggers Up to 30% Global Surge in Airline Insurance Premiums

The aviation insurance market is bracing for a major shake-up in the aftermath of the catastrophic Air India crash in Ahmedabad, which claimed 241 lives. Industry insiders say the tragedy is expected to send airline insurance premiums soaring worldwide,...


Insurance Authority Tightens Oversight of 28 Insurers Amid Growing Concerns

Kathmandu – The Nepal Insurance Authority has ramped up regulatory oversight on 28 insurance companies following growing concerns over policy violations, especially among non-life insurers. The Authority has completed on-site supervision of 12 companies and plans to finish two...


Asian Life Insurance to Hold 17th AGM, Announces Bonus and Cash Dividends

Kathmandu – Asian Life Insurance Company Limited has announced it will hold its 17th Annual General Meeting (AGM) on Monday, Ashar 30 (July 14). The decision was made during a recent board meeting. The AGM is scheduled to take...


United Ajod Insurance Calls 31st AGM, Proposes Bonus Shares and Cash Dividend

Kathmandu — United Ajod Insurance Limited has announced that its 31st Annual General Meeting (AGM) will take place on Monday, Ashar 30 (July 14). The meeting is scheduled to begin at 10:30 AM at Amrapali Banquet Catering and Event...