Kathmandu – The 14 life insurance companies currently operating in Nepal have collectively earned NPR 18.43 billion in new business (first insurance premiums) in the first seven months of the current financial year. This marks a significant growth compared...

Kathmandu – Nepal’s life insurance sector has recorded robust growth in renewal insurance fees, with earnings surpassing NPR 75 billion in the first seven months of the current fiscal year 2081/82. According to data released by the Nepal Insurance...

Kathmandu – Sharad Ojha has officially assumed office as the chairman of the Nepal Insurance Authority following his appointment by the government. The Cabinet meeting held on Monday, under the leadership of Prime Minister KP Sharma Oli, decided to...

  Kathmandu – The government has appointed Sharad Ojha as the new chairman of the Nepal Insurance Authority (NIA) for the next four years. The decision was made during a Council of Ministers meeting held on February 24 under...

Kathmandu – The government has enforced the Insurance Regulations, 2081, introducing stricter policies to improve regulation, management, and transparency in the insurance sector. Under the new regulations, educational qualifications for insurance agents have been revised. Existing agents must have...

Kathmandu – The Nepal government has officially published the new insurance regulations in the gazette, finalizing the long-debated provisions on commission and incentives for insurance agents. The policy, approved by the Cabinet after extensive discussions with the Insurance Authority,...

Kathmandu – The non-life insurance sector in Nepal has witnessed a steady growth of 7.80% in the first seven months. According to the latest data released by the Nepal Insurance Authority, the total business has reached NPR 24.27 billion...

Kathmandu – Non-life insurance companies in Nepal have collectively earned insurance fees amounting to Rs 24.27 billion in the first seven months of the current fiscal year 2081/82. According to data released by the Nepal Insurance Authority, 14 non-life...

Kathmandu – The Nepal Insurance Authority has introduced new monetary loss insurance guidelines to regulate the protection of cash, cash-related equipment, and security measures within financial institutions and during transportation. The directive aims to ensure comprehensive risk coverage for...

Kathmandu – The Nepal Insurance Authority has initiated a study to investigate the growing trend of insurance policy surrenders in the country. In response to the increasing rate of policy abandonment, the Authority has formed a study team comprising...