Kathmandu – Term life insurance remains the largest contributor to Nepal’s life insurance industry, accounting for more than 40 percent of the sector’s total premium income. According to the latest data from the Nepal Insurance Authority (NIA), life insurers...

Kathmandu — Representatives of Nepal’s insurance agents have urged Nepal Rastra Bank (NRB) Governor Bishwo Nath Poudel not to move forward with proposals to revive the bancassurance model, arguing that its return would undermine the livelihoods of insurance agents and...

Kathmandu — Nepal Insurance Authority (NIA) has begun consultations with insurance and reinsurance industry stakeholders to expedite the implementation of insurance-related measures announced in the government’s budget for fiscal year 2026/27. The Authority on 30 June held discussions with representatives...

Kathmandu — Nepal’s life and non-life insurance companies settled insurance claims worth nearly Rs. 93 billion during the first 11 months of the current fiscal year 2025/26, while claims amounting to Rs. 49.44 billion remain unpaid, according to the...

Kathmandu – Motor insurance continued to dominate Nepal’s non-life insurance market during the first 11 months of the current fiscal year, accounting for the largest share of insurers’ total business. Backed by the growing number of vehicles on the...

Kathmandu – Rastriya Jeevan beema Company has announced the bonus rate for participating life insurance policies for FY 2026/27, with the declared bonus continuing its downward trend for another consecutive year. Under the newly approved rates, the company will...

Kathmandu – Nepal Insurance Company has been found to be in violation of a key regulatory requirement after failing to maintain an earthquake risk reserve fund, as mandated by the Nepal Insurance Authority. Under the Authority’s directives, all non-life...

Kathmandu – Five microinsurance companies whose directors and chief executives have been suspended over insurance and securities-related offences have been instructed to convene Special General Meetings (SGMs) immediately. The Nepal Insurance Authority (NIA) issued the directive after the companies...

Kathmandu – Nepal’s non-life insurance industry recorded Rs 4.09 billion in gross written premiums during the period from May 15 to June 14, 2026, according to business statistics published by the Nepal Insurance Authority. The 14 non-life insurers operating...

Kathmandu – Nepal Rastra Bank (NRB) has revised the Unified Directive, 2025 for Class A, B, and C banks and financial institutions, introducing new provisions effective June 24, 2026 under Section 79 of the Nepal Rastra Bank Act, 2002. Under...