Kathmandu – The rising trend of life insurance policy surrenders in Nepal has become a growing concern for the insurance sector. According to data from the Nepal Insurance Authority, a total of 45,060 life insurance policies worth Rs 6.1...

Kathmandu – The Insurance Authority is set to fill its long-standing vacant positions, including the post of Executive Director, through an internal promotion process. This decision follows the Public Service Commission’s (PSC) recent approval for the Authority to proceed...

Kathmandu – Six Nepali life insurance agents have achieved the esteemed Top of the Table (TOT) designation for 2025, a milestone awarded by the Million Dollar Round Table (MDRT) based on exceptional business performance in 2024. This recognition is...

Kathmandu – Madan Dahal, Chairman of the Nepal Insurance Authority, has reaffirmed his commitment to driving reforms and ensuring prosperity within the country’s insurance sector. Speaking about his priorities on press conference yesterday, Dahal emphasized the importance of uniting...

Kathmandu – Madan Dahal, Chairman of the Nepal Insurance Authority, has reaffirmed his commitment to strict regulatory measures against companies involved in misconduct. Speaking at a press conference on Wednesday, Dahal emphasized his determination to bring about tangible reforms...

Kathmandu – Asian Life Insurance Company Limited has reappointed Dinesh Lal Shrestha as its Chief Executive Officer (CEO) for a second term. The board of directors reached the decision during a recent meeting, extending Shrestha’s leadership for the next...

Kathmandu – The Government of Nepal has begun the process of appointing a new chairman for the Insurance Authority, but procedural and logistical delays have stalled progress. The chairman selection committee, formed by the Council of Ministers, has yet...

Kathmandu – Nepal Life Insurance Company Limited has introduced its latest bonus rates for policyholders, following approval from the Nepal Insurance Authority on December 27. The new rates, determined based on the company’s financial review and actuarial report for...

Meil Business Newspaper  Seoul – The financial authorities have set the compensation limit for victims of the Jeju Air passenger plane crash at Muan International Airport at $1 billion (approximately 1.472 trillion won). This compensation is part of a...

Kathmandu – Life insurance policies worth Rs 6.1 billion have been surrendered in Nepal within last five months, according to data from the Nepal Insurance Authority. By the end of the Mangsir month (mid-December), 45,060 policies had been surrendered...