Kathmandu – The Professional Insurance Agents Association Nepal has strongly opposed the newly issued Insurance Regulations, arguing that they curtail the rights of insurance agents and discourage their profession. The association held a press conference in Kathmandu on February...

Kathmandu – Insurance companies operating in Nepal have collectively spent over Rs 5.6 billion on employee benefits, including salaries and allowances, up to the end of the current financial year. According to the second-quarter financial reports published by these...

Kathmandu – Sanima Reliance Life Insurance Limited has published its latest bonus rates for policyholders based on the actuarial evaluation of the last financial year. The company has set bonus rates ranging from a minimum of NPR 19 to...

Kathmandu – The leadership of Nepal Reinsurance Company is under scrutiny following revelations that its chairman, CEO, and board members submitted a proposal to the Nepal Insurance Authority that could negatively impact their own company. Nepal Reinsurance Company, which...

Kathmandu – The implementation of a new regulatory framework by the Nepal Insurance Authority has raised concerns about its impact on government-invested companies, particularly Nepal Reinsurance Company. The decision to introduce the Foreign Employment Insurance Pool has drawn criticism...

Kathmandu – Crest Micro Life Insurance Limited is set to open its Initial Public Offering (IPO) for the general public from March 6, 2025. After issuing shares to Nepalese working abroad, company employees, and the collective investment fund, the...

Kathmandu – Life insurance companies in Nepal have collectively disbursed loans exceeding Rs 95.33 billion against insurance policies by the end of the second quarter of the current fiscal year. This marks a 6.62% increase compared to the same...

Kathmandu – Prabhu Mahalakshmi Life Insurance Limited has announced the sale of 2,21,650 shares to the general public. The company has opened the sale after receiving no applications from its founder shareholders within the previously specified period. Interested individuals...

Kathmandu – The government-formed selection committee has announced a shortlist of five candidates for the position of chairman of the Nepal Insurance Authority. The shortlisted candidates include Kamal Prasad Regmi, current director of the Insurance Authority; Chiranjivi Chapagai, former...

Kathmandu – Life insurance companies in Nepal have distributed approximately Rs 6.27 billion as commissions to their agents in the current financial year, marking a 7.13 percent increase from the previous year’s figure of Rs 5.85 billion, according to...