Rastriya Jeevan Beema Company Announces Bonus Rate for FY 2069/70

Kathmandu — Rastriya Jeevan Beema Company Limited has announced the bonus rate for the fiscal year 2069/70. The company has maintained a bonus rate of Rs 55 per thousand sum assured per annum on all types of life insurance...


LIC Nepal Announces Date for 23rd AGM to Approve Bonus Shares and Dividend

Kathmandu — Life Insurance Corporation (Nepal) Limited (LIC Nepal) has announced its 23rd Annual General Meeting (AGM), scheduled for Monday, Ashar 30 (July 14), at the Nepal Administrative Staff College, Jawalakhel, Lalitpur, starting at 11:45 AM. The decision to...


Audit Reveals Accounting Discrepancies in Citizens Investment Trust’s Insurance Records

Kathmandu — Serious irregularities have surfaced in the management of life insurance premiums by the Citizens Investment Trust (CIT), raising concerns about financial transparency and accountability within the public investment system. An internal communication received by the Fund from...


Insurance Authority Tightens Grip on Illegal Cashback Practices in Non-Life Insurance

Kathmandu – An ongoing investigation into unauthorised cashback practices has sent shockwaves through Nepal’s non-life insurance industry, with the Insurance Authority intensifying its oversight and aiming to eliminate the practice entirely. Cashback—an illegal incentive offered to secure large insurance...


NIRMA Celebrates Sixth Anniversary by Honoring Key Supporters and Members

Kathmandu – The Nepal Insurance and Risk Management Association (NIRMA) celebrated its sixth anniversary by honoring individuals and organizations that have significantly contributed to its growth and success. At a special ceremony held in Kathmandu, the Chairman of Nepal...


Tragedy in Kalanki Sparks Urgent Questions Over EV School Vans and Student Safety

Kathmandu – A devastating accident outside Edify International School in Kalanki has left the nation grieving and questioning the unchecked use of unvetted electric vehicles (EVs) in school transport. On Monday afternoon, a brand-new SRM electric microvan—purchased just four...


Life Insurance Companies Pay Nearly Rs 49 Billion in Claims, But Arrears Nearly Double

Kathmandu – Life insurance companies operating in Nepal have paid insurance claims totaling nearly Rs 49 billion by the end of Baisakh (mid-May) month in the current fiscal year, according to the Insurance Authority of Nepal. The cumulative amount...


Nepal Insurance Authority Reviews One Year of RBC Implementation, Calls for Stronger Investment Practices and Timely Compliance

Kathmandu — The Nepal Insurance Authority held an interactive session on Monday to mark one year since the implementation of the Risk-Based Capital (RBC) framework in the Nepali insurance sector. The event brought together key stakeholders, including CEOs of...


Allegations Surface Against Nepal Reinsurance Leadership Over Risky Business Decisions

Kathmandu — Serious allegations have emerged against the top leadership of Nepal Reinsurance Company, including CEO Surendra Thapa and Chairman Devraj Dhungana, for reportedly compromising government investment and business stability within the organization. According to a statement issued by...


Reliable Nepal Life Concludes 8th AGM, Approves 12% Bonus Shares and Cash Dividend

Kathmandu — Reliable Nepal Life Insurance Limited has successfully concluded its eighth annual general meeting (AGM) today at Amrapali Banquet, Bhatbhateni, Kathmandu. The meeting was held under the chairmanship of the company’s Chairman, Uday Nepali Shrestha. During the AGM,...