Kathmandu – In a landmark move to enhance financial integrity, the Nepal Insurance Authority (NIA) has established a separate Money Laundering Department to intensify surveillance of money laundering activities within the insurance sector. The new department is expected to...

Kathmandu – The Ministry of Finance, Government of Nepal, has announced the opening of applications for the position of Chairman of the Board of Directors of the Nepal Insurance Authority. The appointment will be made through an open competition...

Kathmandu – National Life Insurance Company Ltd. successfully organized a specialized training program for its agents and marketing staff in Kolkata, in collaboration with the Insurance Institute of India, College of Insurance. The initiative aimed to enhance the skills...

Kathmandu – The Nepal Association of  Financial Journalists (NAFIJ) has taken a historic step to ensure the safety and well-being of its members by providing group accident insurance worth Rs 165 million. This initiative covers 235 NAFIJ members and...

Kathmandu – The second annual general meeting of the government-owned Rastriya Beema Company Limited was held at Anmol Catering Services Pvt. Ltd., Shankhamul, Kathmandu today, where shareholders raised critical concerns over the company’s financial management and practices. A significant...

Kathmandu – The second annual general meeting of the government-owned Rastriya Beema Company Limited is being held today at Anmol Catering Services Pvt. Ltd., Shankhamul, Kathmandu. Despite the weight of unresolved complaints and non-compliance with auditing principles, the meeting...

Kathmandu – The Government of Nepal has begun drafting a bill to regulate alternative finance mobilization, aiming to diversify investment sources and support large-scale infrastructure projects. The Ministry of Finance is preparing the “Bill to Make Provisions Regarding Alternative...

Kathmandu – IME Life Insurance Company Limited is gaining recognition for its swift and efficient claim settlement processes in Nepal’s life insurance sector. The company has been settling claims amounting to millions of rupees every month, ensuring prompt service...

Kathmandu – The Nepal Insurance Authority convened a high-level meeting on Sunday, bringing together chief executive officers (CEOs) of both life and non-life insurance companies operating in the country. The discussions, led by the authority’s chairman Madan Dahal, focused...

Kathmandu – Insurance companies in Nepal have reported claims amounting to Rs 12.86 billion due to damages caused by floods and landslides following incessant rains in the month of September last year. According to the Nepal Insurance Authority, a...