Kathmandu — Neco Insurance Company has been found to have prepared and sold insurance policies illegally, targeting farmers in buffer zone areas. The company is reported to have disregarded existing insurance regulations and laws, and is said to have...

Kathmandu – The Nepal Insurance Authority has fined eight insurance companies for non-compliance with regulatory provisions. The regulator imposed a penalty of two lakh rupees on each company for failing to operate in line with the Insurance Act. According...

Kathmandu — A powerful storm on Monday evening wreaked havoc on banana farms across Rautahat, leaving many farmers struggling financially due to the absence of crop insurance. The storm caused significant damage in Chandrapur Municipality, particularly in Ward No....

In recent years, Nepal’s insurance sector has seen the rise of professionals who combine trust, service, and professionalism in their work. Among them, Pratima KC of Citizen Life Insurance has established herself as a standout figure. Based in Bardaghat,...

Kathmandu — Insurance companies are fuming after Nepal Reinsurance Company Limited made the abrupt decision to cut the commission it offers for riot and terrorism insurance. Surendra Thapa, the CEO of Nepal Reinsurance Company Limited, sent out a letter...

Mumbai — India’s insurance sector is set to enter a phase of sustained expansion, with premium growth expected to outpace most major global markets over the next five years, according to a new outlook by global reinsurance major Swiss...

Kathmandu — The long-standing insurance dispute between apple farmers of Jumla and Shikhar Insurance Company has been resolved following tripartite discussions involving the government, the insurer, and farmers’ representatives. According to the agreement, apple farmers from Tatopani, Patarasi, and...

Kathmandu – Out of the 14 life insurance companies currently operating in Nepal, 13 companies have announced new bonus rates on Endowment Life Insurance policies for the Fiscal Year 2081/82 BS. Except for the government-owned Rastriya Jeevan Beema Company,...

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...