Life Insurance Companies in Nepal Collect Rs 21.12 Billion in First Insurance Premiums

Kathmandu – Life insurance companies operating in Nepal have collected a total of Rs 21.12 billion and 54 million in first insurance premiums during the first eight months of the current fiscal year 2081/82. The latest figures, released by...


Life Insurance Companies Business Reports 10.33% Growth, Reliable and Citizen Life Insurance Lead

Kathmandu – Life insurance companies operating in Nepal have collectively earned insurance premiums totaling Rs 108.71 billion by the end of Falgun month (mid-March) of the current fiscal year. The latest data, released by the Nepal Insurance Authority, shows...


Life Insurance Association Urges Finance Minister to Revise Tax Policies

Kathmandu — Officials from the Life Insurance Association Nepal (JEBISAN) met with Deputy Prime Minister and Finance Minister Bishnu Poudel today to present key demands related to the insurance sector. The association highlighted four major issues, including tax exemption...


Nepal Insurance Authority Directs Foreign Reinsurance Brokers to Establish Offices

Kathmandu – The Nepal Insurance Authority has instructed foreign reinsurance brokers to establish offices in Nepal within three months, in line with the Reinsurance Directive for Life Insurance, 2080. According to the directive, reinsurance brokers listed with the authority...


Non-Life Insurance Business Reaches Rs 28.02 Billion, Up by 7.12 Percent

Kathmandu – Non-life insurance companies in Nepal have recorded a total business of Rs 28.02 billion in the first eight months of the current fiscal year 2081/082, reflecting a 7.12 percent increase compared to the same period last year....


Non-Life Insurance Companies Earn Rs 3.75 Billion in Falgun

Kathmandu – Non-life insurance companies in Nepal earned a total insurance premium of Rs 3.75 billion 47 million in the month of Falgun (mid-February to mid-March), reflecting a 2.92 percent increase compared to the same month last fiscal year....


NIA Chairman Sharad Ojha Calls for Submission of SOPs

Kathmandu — Sharad Ojha, the newly appointed Chairman of the Nepal Insurance Authority (NIA), has directed all internal departments to submit their Standard Operating Procedures (SOPs) in writing to the provincial offices. Ojha instructed all department heads to formally...


Insurance Authority to Issue Unified Directives for Insurers

Kathmandu — The Insurance Authority of Nepal is preparing to issue unified directives to strengthen the financial health of insurance companies and address challenges faced by policyholders. Chairman Sharad Ojha made this announcement while addressing an interaction program on...


Neco Insurance Extends Right Share Application Deadline

Kathmandu – Neco Insurance Company has extended the deadline for applying for its right shares to Chaitra 14 (March 27). The original deadline, which was set for Falgun 28 (March 12), was pushed back due to insufficient applications. Neco...


EV Insurance Surges in India, Demand Rises 16-Fold in Three Years

New Delhi (ANI) – The demand for electric vehicle (EV) insurance in India has witnessed a remarkable 16-fold increase over the past three years, with Delhi-NCR emerging as the market leader with an 18.3% share, according to internal data...