Kathmandu – Stakeholders in Nepal’s insurance and energy sectors have called for the immediate formulation of a new, comprehensive insurance policy tailored specifically to the hydropower sector, warning that the current system is putting billions of rupees in investment...

Kathmandu – General Insurance Association of Nepal (GIAN) has officially called on regulatory bodies to amend the rule that restricts company directors from trading shares during their tenure and for one year after leaving office, terming it impractical and...

Kathmandu – National Life Insurance Company Limited successfully conducted its 37th Annual General Meeting (AGM) at its central office in Lazimpat today. The meeting was held under the chairmanship of the company’s Board of Directors Chairperson Prema Rajya Laxmi...

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...

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...

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...

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...

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...

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...

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...