Kathmandu – National Life Insurance Company Limited has introduced a new insurance policy, ‘Bal Amrit Endowment Policy-4’, aimed at providing maximum protection at a minimal premium. The company’s Chief Executive Officer, Suresh Prasad Khatri, unveiled the plan during a...

Kathmandu – It has come to light that the government-owned Rastriya Beema Company has failed to act on a directive issued by the Nepal Insurance Authority over four months ago, prohibiting the distribution of dividends and bonuses. The directive...

Kathmandu – The Nepal Insurance Authority (NIA) is set to introduce a new framework for renewing the licenses of insurance agents and surveyors. To facilitate this, the Authority has formed a dedicated committee tasked with studying and recommending appropriate...

Kathmandu – The sixth annual general meeting (AGM) of the Insurance Institute of Nepal (IIN) concluded on Sunday in Kathmandu, passing its annual report and highlighting key directives for the development of the insurance sector. Nepal Insurance Authority Chairman...

Kathmandu – The Nepal Insurance Authority (NIA) has issued a strong warning to Rastriya Beema Company, a government-owned insurance firm, over alleged financial irregularities, operational mismanagement, and violations of regulatory provisions. The authority has threatened to take over the...

Kathmandu – Nepal’s commercial banking sector has reported a combined profit of Rs 30.5 billion by the end of Mangsir (mid-December, 2024) in the current fiscal year 2081/82. According to data from Nepal Rastra Bank, this figure marks a...

Kathmandu – The Health Insurance Reform Suggestion Task Force has proposed significant changes to Nepal’s health insurance program, including a progressive premium system and an increase in the premium amount from NPR 7,000 to NPR 15,000 annually. The report,...

Altadena, California, (Reuters) – The recent wildfires in the Los Angeles area have left communities like Altadena grappling with profound loss and uncertainty. At least 11 lives have been claimed, and over 10,000 structures have been destroyed or severely...

Kathmandu – In a landmark move to enhance financial integrity, the Nepal Insurance Authority (NIA) has established a separate Money Laundering Department to intensify surveillance of money laundering activities within the insurance sector. The new department is expected to...

Kathmandu – The Ministry of Finance, Government of Nepal, has announced the opening of applications for the position of Chairman of the Board of Directors of the Nepal Insurance Authority. The appointment will be made through an open competition...