Kathmandu – Nepal Insurance Authority has announced a new provision allowing insurance companies to purchase non-real estate fixed assets without requiring regulatory approval. However, the board has imposed stricter regulations on investments in high-risk areas. As per the draft...

Kathmandu – The government has begun a new process for the appointment of the chairman of the Nepal Insurance Authority. The process began with the formation of a recommendation committee during a meeting of the Council of Ministers held...

Kathmandu – Non-life insurance companies in Nepal reported a total premium income of Rs 17.17 billion during the first five months of the current fiscal year, marking a 9.27 percent increase compared to Rs 15.72 billion in the same...

Kathmandu – Rastriya Beema Company has come under scrutiny over allegations of corruption and irregularities in the procurement process of core insurance software. The company is reportedly in the final stages of purchasing the software from Arihant, a firm...

Kathmandu – The Securities Board of Nepal (SEBON) is on track to approve rights shares worth over Rs 6.3 billion for seven insurance companies. This move comes as part of the Nepal Insurance Authority’s directive to increase the paid-up...

Kathmandu – Life insurance companies in Nepal have earned Rs 52.81 billion in renewal insurance premiums in the first five months of the current fiscal year 2081/082. This represents a 2.58% increase compared to Rs 50.77 billion collected during...

Kathmandu – Nepal’s life insurance sector has recorded a total insurance premium income of Rs 65.74 billion by the end of Mangsir (Mid-December) in the current fiscal year, reflecting a 6.47% growth compared to Rs 61.74 billion collected in...

Kathmandu – Nepal’s life insurance sector has demonstrated remarkable growth, accumulating a total premium of Rs 65.74 billion in the first five months of the current fiscal year, according to the Nepal Insurance Authority’s latest data. Nepal Life Insurance...

Kathmandu – A recent revelation by Beemapost has exposed a shocking multi-million rupee accounting scandal at the Rastriya Beema Company, prompting serious ethical questions regarding the effectiveness of Nepal’s insurance regulatory framework. Despite frequent inspections by the Regulatory Insurance...

Kathmandu – SuryaJyoti Life Insurance Company Limited has deposited the 20 percent cash dividend, approved during its general meeting on December 21, into the accounts of its shareholders. This includes the necessary tax deductions. The company had earlier announced...