National Life’s Employee Skill Enhancement workshop completed

Kathmandu : With the slogan “Excel and Elevate 2024 A.D. National Life Insurance Company has completed a three-day “Employee Skill Enhancement Workshop” at Hotel Soaltee Westend Resort located in Chitwan. The conference was held under the chairmanship of Suresh...


The draft guidelines for insurance appointment is prepared and will be implemented from mid of June after receiving feedback

Kathmandu : The Nepal Insurance Authority has prepared a draft of the guidelines 2080 B.S regarding insurance appointment. )According to Ram Koju, the deputy director of the authority, Nepal Insurance Authority has prepared the draft of this guideline by...


“Red corner notice” Issued by Interpol to arrest Dhorpatan mayor, Nepali, who escaped by cheating cooperatives saving amount

Kathmandu : The police has issued a ‘Red Corner Notice’ to arrest Dev Kumar Nepali, the mayor of Dhorpatan in Baglung and the president of Image Savings and Credit Co-operative Society, who is absconding after committing co-operative fraud. A...


Boundaries of micro insurance is expanded as motor and foreign employment insurance is now open for them

Kathmandu : Nepal Insurance Authority has taken a step for expanding the scope of micro insurance. After the motor insurance scheme was granted, the authority opened the way for micro insurance companies to issue foreign employment as well. The...


Rastriya Banijya Bank celebrated its 59th anniversary, what did CEO Shrestha said ?

Kathmandu : Rastriya Banijya Bank has celebrated the 59th anniversary day on the  occasion of crossing 58 years of its service. The Chief of Rastriya Banijya Bank Executive Officer (CEO) Kiran Kumar Shrestha said that Rastriya Banijya Bank has...


Suspicious transactions increased in Insurance and Banking systems; suspicion of money laundering of 36 Billion Rupees  

Kathmandu : In the last fiscal year, it is suspected that assets worth 36 billion 362.1 million Rupees have been laundered from insurance and banks as well as financial institutions. The Financial Information Unit under Central Bank of Nepal...


Interim order of the High Court denies to allow the newly elected committee of the Professional Insurance Agents Association Nepal Life unit from working

Kathmandu :The High Court has given an interim order to the working committee of the Professional Agents’ Association Nepal Life Insurance Committee, which was unanimously elected from the special session held in mid of January, 2024 A.D, not to...


“We could not make underwriting better, the trend of only looking at money is repeating” – Chairman Surya Prasad Silwal

Kathmandu :  Chairman of Nepal Insurance Authority Surya Prasad Silwal has complained to the insurance companies that underwriting has not been improved in the Nepali insurance sector.  In the program organized in Kathmandu on 17th of November, 2023 A.D,...


Impact of economic recession: 9000 insurance policies were surrendered by the insured, Rs 1 billion was withdrawn from the life insurance company

Kathmandu : About 9500 insured have surrendered their insurance policies from life insurance companies. The impact of the economic downturn has also been seen in the insurance sector. In the month of December/January (Mangsir month) alone, 9,744 people have...


Authority is preparing Preliminary Draft to introduce Separate Insurance Scheme for Doctors

Kathmandu : For the first time in Nepal, Nepal Insurance Authority, the regulatory body of insurance companies, is going to introduce an insurance scheme for doctors working in the medical field. The insurance authority is about to bring this...