Kathmandu – Life insurance companies in Nepal have reported a sharp rise in total expenses, with the 14 life insurers currently in operation spending a combined Rs 233.9 billion in the last fiscal year (FY). This marks a 12.86...

Kathmandu – A three-member recommendation committee has been formed to select the new chairman of the Nepal Insurance Authority (NIA). The committee was constituted by a decision of the Council of Ministers on Bhadra 9 (August 25). The panel...

Kathmandu – Hospitals across the country are grappling with serious financial and managerial challenges due to the Health Insurance Board’s failure to release payments on time. More than half of the hospitals under the program are now facing operational...

Kathmandu – The 14 life insurance companies operating in Nepal earned a combined income of Rs 250.53 billion in the fiscal year 2081/82, reflecting a 12.01 percent growth compared to the previous year. According to the companies’ published financial...

Kathmandu – Nepal’s insurance sector has increasingly become an attractive employment destination, with more than 12,000 employees receiving service facilities annually. According to the financial statements of the last fiscal year, a total of 12,251 employees working in life...

Kathmandu – Life insurance companies operating in Nepal have extended loans worth nearly one hundred billion rupees to their insureds. During the fourth quarter of the last fiscal year, the country’s 14 life insurance companies collectively disbursed insurance policy...

Kathmandu – The single premium income of life insurance companies has risen sharply in the last fiscal year (2081/082), marking a significant growth trend in the insurance sector. According to the fourth-quarter financial statements published by the companies, the...

Kathmandu – The outstanding claims of life insurance companies in Nepal have surged sharply, raising fresh concerns about the timely settlement of policyholder benefits. According to the fourth quarter financial statements of the last fiscal year published by 14...

Kathmandu – The outstanding insurance claim payments of non-life insurance companies in Nepal have reached Rs 8.03 billion in the fiscal year 2081/82. According to the financial statements published by 14 non-life insurers for the last fiscal year, the...

Kathmandu – The Nepal Insurance Authority (NIA) has issued a directive instructing insurance companies to provide clear, timely, and easily understandable information regarding loans taken by policyholders against their insurance policies. The Authority has mandated insurers to inform policyholders...