New Delhi (ANI) – The demand for electric vehicle (EV) insurance in India has witnessed a remarkable 16-fold increase over the past three years, with Delhi-NCR emerging as the market leader with an 18.3% share, according to internal data...

Kathmandu — Chairman of the Nepal Insurance Authority (NIA), Sharad Ojha, has stressed the need for cooperation from employee unions, insurance associations, and all stakeholders to effectively implement the responsibilities outlined in the Insurance Act. Speaking at a special...

Kathmandu — A new working committee of the Nepal Insurance Authority Employees Union has been formed following recently held elections. Prem Hari Pokharel has been elected as the president of the union. Anurag Pandey and Romila Sharma have been...

Kathmandu — Sanima Reliance Life Insurance successfully concluded its eighth annual general meeting (AGM) today at Anmol Banquet in New Baneshwor. The meeting, which began at 11 a.m. today, approved key proposals, including dividend distribution and amendments to company...

Kathmandu – Nepal Insurance Authority (NIA) and the Royal Monetary Authority (RMA) of Bhutan have agreed to strengthen bilateral cooperation and exchange of expertise in the insurance sector. The discussions took place during a meeting between Sharad Ojha, Chairman...

Kathmandu – The Nepal Insurance Authority has introduced a new framework to simplify and streamline the foreign exchange settlement process for reinsurance purposes. The new guidelines mandate non-life insurance companies to submit the required documents for foreign currency exchange....

Kathmandu – Health and Population Minister Pradeep Poudel has outlined a plan to reform Nepal’s health insurance program with a proposed budget of NPR 40 billion and the implementation of a one-door system to streamline resources and improve service...

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...

Kathmandu – Families of the victims of the Saurya Airlines plane crash have yet to receive insurance compensation even eight months after the tragedy, raising concerns about delays and negligence from both the airline and government agencies. The National...

Kathmandu – Sun Nepal Life Insurance has received approval from the Nepal Securities Board to issue 27% rights shares. The company will offer 10,696,320 shares to existing shareholders in a 1:0.27 ratio. The rights shares will be issued at...