Kathmandu – Nepal Life Insurance Company (Nepal Life), a dominant player in Nepal’s life insurance industry, continues to solidify its leading position not only commercially but also financially. With a robust paid-up capital of Rs 8.2 billion, the company...

Kathmandu – Met Life Insurance Company has unveiled its new bonus rates for the fiscal year 2080/81, effective for all insurance policies that will participate in profits according to the actuarial valuation. The newly announced bonus rates will apply...

Kathmandu – The Nepal Non-Life Insurance Association has urged the Securities Board of Nepal (SEBON) to amend a provision that prohibits corporate directors from selling their shares for one year after resigning from their positions. The association claims that...

Kathmandu – Rastriya Beema Company, a state-owned enterprise, is under scrutiny for alleged financial irregularities and corruption. The company has reportedly prepared and approved an audit report for fiscal years 2073 to 2075 in violation of accounting standards, with...

Kathmandu – Acting Chairman of the Nepal Insurance Authority (NIA), Madan Dahal, has unveiled a series of new initiatives aimed at reforming and expanding Nepal’s insurance sector. Speaking at a social dialogue event organized by the Nepal Financial Institute...

Kathmandu – The Nepal Insurance Authority has introduced mandatory refresher training for over 200,000 insurance agents and surveyors as a prerequisite for license renewal. The announcement was made by Acting Chairman Madan Dahal during a social dialogue program organized...

Kathmandu – The Morang Merchant’s Association has called on Finance Minister Bishnu Prasad Paudel to address the high premium rates in Nepal’s non-life insurance sector and introduce measures to revitalize the nation’s economy. In a memorandum submitted to the...

Kathmandu – The government has proposed significant increases in license fees for insurance agents, surveyors, brokers, and third-party facilitators under the draft Insurance Regulations 2081. The proposed changes aim to modernize the insurance sector and align it with current...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has transferred its recently announced bonus shares to the demat accounts of eligible shareholders. The company’s annual general meeting, held on October 9, 2024 had approved a 10 percent bonus share distribution....

Kathmandu – The Rastriya Jeewan Beema Company Limited, a government-owned entity, has launched a new foreign employment insurance scheme aimed at safeguarding Nepali workers heading abroad for employment. The initiative enables workers to secure insurance coverage using their passport...