Policy Surrenders Reach Nearly Rs 5 Billion in Nepal’s Life Insurance Sector

Kathmandu – Nepal’s life insurance sector has reported a significant rise in policy surrenders, with total terminations reaching nearly Rs 5 billion by the end of the Kartik month (Mid-November) of the current fiscal year. According to the Nepal...


Balancing Beauty and Insurance: Kamala Adhikari’s Inspiring Journey

Kathmandu – Kamala Adhikari, an agency manager at Citizen Life Insurance’s Tokha branch, is setting an inspiring example of balancing entrepreneurship and the insurance profession. With determination, hard work, and family support, she has established herself as a successful...


Ministry of Finance Sets Deadline for Rastriya Jeewan Beema Company Audit

Kathmandu – The Ministry of Finance has instructed Rastriya Jeewan Beema Company Limited to finalize its pending audits within four months. The directive was issued during a meeting at the Ministry of Finance, led by Deputy Prime Minister and...


Vice President Yadav Urges Qatar for 24-Hour Insurance for Nepali Workers

Kathmandu – Vice President Ram Sahaya Prasad Yadav has urged the Qatari government to introduce 24-hour insurance coverage for Nepali migrant workers and extend humanitarian support to those facing difficulties in Qatar. During a meeting with Qatari Ambassador to...


Global Talks on Plastic Pollution Treaty Conclude in South Korea without Final Agreement

Busan – The fifth round of negotiations to create a legally binding global treaty on plastic pollution concluded in Busan, South Korea, without finalizing an agreement. Despite initial expectations to deliver the treaty by the end of 2024, nations...


Stock Market Gains 19.97 Points, Insurance Sector Shows Positive Momentum

Kathmandu – On Monday, the NEPSE index rose by 19.97 points, reaching 2,758.04 by the close of trading. The stock market’s performance marked a positive trend, with noticeable gains in the insurance sector. Both the Life Insurance Index and...


Life Insurance Companies Earn Rs 53.69 Billion Across Nepal

Kathmandu – Life insurance companies operating in Nepal have collectively earned Rs 53.69 billion across all seven provinces as of Kartik month this fiscal year. This revenue stems from various insurance categories, including term insurance, advance payment term insurance,...


Life Insurance Renewal Premiums Cross Rs. 42.5 Billion in Four Months

Kathmandu – Life insurance companies in Nepal have reported significant growth in renewal insurance premiums during the first four months of the current fiscal year 2081/082. According to the Nepal Insurance Authority, 14 life insurance companies collectively earned Rs....


Nepal Insurance Authority Enforces Risk-Based Capital and Solvency Directive

Kathmandu – The Nepal Insurance Authority has introduced a new directive towards  a risk-based capital (RBC) and Solvency framework for life and non-life insurance companies. This move replaces the directive issued in 2022 and aims to better align capital...


Non-Life Insurance Companies Record 18.57% Growth in Month of Kartik

Kathmandu – Non-life insurance companies in Nepal earned a total insurance premium of Rs 2.28 billion in mid-October to mid-November (Kartik), marking an 18.57% increase compared to the same month in the last fiscal year. According to the financial...