Kathmandu — Contributions to the Prime Minister’s Disaster Relief Fund have surged following the devastating floods in the Bhotekoshi area, with more than NPR 4.38 billion collected as of Friday evening to support rescue, relief and reconstruction efforts. The...

Kathmandu — The Nepal Insurance Authority has introduced stricter requirements for insurers’ reinsurance arrangements, requiring them to structure reinsurance based on the nature of risks and their financial capacity. According to the Reinsurance Directive, 2023/24 issued by the Authority,...

Kathmandu — Nepal’s insurance sector has swung into damage-response mode after severe flooding on the Bhotekoshi and Trishuli rivers in Rasuwa, Nuwakot and Dhading districts caused widespread loss of life and property, with multiple insurers and the Nepal Insurers’...

Kathmandu — The tremor recorded at around 8:37 a.m. yesterday, initially believed to have been an earthquake centered about 40 kilometers north of Rasuwa district, was actually caused by a massive landslide, the U.S. Geological Survey (USGS) said earlier...

Kathmandu — A massive flood has swept into the Bhotekoshi River in Rasuwa from the Tibet side. Details of the damage caused by the sudden flooding are still awaited, and the scale of the destruction is expected to be...

Kathmandu — The Koshi Province chapter of the Federation of Nepali Journalists (FNJ) has launched an accident insurance program covering 1,227 journalists working across the province, aiming to strengthen their professional and social security. The insurance program was formally...

Kathmandu — The Nepal Insurance Authority has issued strict directives to life and micro-life insurers to control mis-selling and other improper practices in the sale of insurance plans. The Authority has prohibited insurers and agents from presenting and selling...

Kathmandu — By the end of fiscal year 2025/26 (2082/83), Nepal’s life insurance companies had further expanded their investment portfolios, strengthening their presence in the financial market. The total investment of the 14 life insurance companies currently operating in...

Kathmandu — Nepal’s life and non-life insurance companies spent more than NPR 12.55 billion on employee benefits during fiscal year 2025/26 (2082/83), according to their fourth-quarter financial statements. The 28 insurance companies spent a combined NPR 12.56 billion on...

Kathmandu —  Life insurance companies paid out more than NPR 86 billion in claims during the last fiscal year, according to their fourth-quarter financial statements. The 14 life insurers paid a combined NPR 86.31 billion in claims in fiscal...