Kathmandu — In a remarkable achievement for Nepal’s non-life insurance sector, Shikhar Insurance Company Limited has become the first and only non-life insurer in the country to collect Rs 5 billion in insurance premium within just 10 months and...

Kathmandu — Despite economic challenges and structural hurdles, Nepal’s insurance sector has managed a modest yet notable growth in outreach. According to the latest report by the Nepal Insurance Authority, insurance coverage has increased by 3.83 percent, bringing the...

Kathmandu – Life insurance companies in Nepal have collected more than Rs 109.43 billion in renewal insurance premiums during the ten months leading up to the end of Baishakh (mid-April)) in the current fiscal year 2081/82. This marks a...

Kathmandu — Protective Micro Insurance Limited has announced that its second Annual General Meeting (AGM) will be held on Ashar 16 (June 30) at 1 AM at the company’s head office in Dhangadhi. The decision was made during a...

Kathmandu – A total of 19 insurance companies listed on the Nepal Stock Exchange (NEPSE) have declared dividends from the profits of the fiscal year 2080/81, signaling stable performance across Nepal’s insurance sector despite mounting capital pressures. Among them,...

Kathmandu — The Health Insurance Board (HIB) has lost thousands of claim documents submitted by hospitals and health institutions across Nepal due to a server failure. The loss of data has stalled payments worth over Rs 18 billion owed...

Kathmandu — Nepal’s life insurance industry has recorded impressive growth in the first month of the current fiscal year, with 14 active life insurance companies collecting a total premium income of Rs 13.18 billion during the month of Baisakh,...

Kathmandu — Nepal Reinsurance Company (Nepal Re) Limited has posted a 55.05 percent rise in net profit for the second quarter of the current fiscal year compared to the same period in the previous fiscal year. According to the...

Kathmandu — The Supreme Court has directed its administration to prioritize the hearing of a writ petition filed against the appointment of Sharad Ojha as Chairman of the Nepal Insurance Authority. A joint bench comprising Justices Mohammad Musalman and...

Kathmandu — The expanding wave of foreign employment among Nepalis is fueling significant growth in the country’s term life insurance sector. As more citizens leave the country in search of better job opportunities abroad, the demand for mandatory foreign...