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Impact of economic recession: 9000 insurance policies were surrendered by the insured, Rs 1 billion was withdrawn from the life insurance company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


Reliable Nepal has paid insurance claims above 10 Million Rupees

Kathmandu: Reliable Nepal Life insurance has paid more than 1 million insurance claims. The company has paid the life insurance claim amount of 11 million 400 thousand rupees to the dependent family of the insured. According to the company,...


Professional Insurance Agent Association’s LIC Nepal-Bhairahawa branch has formed a new committee

Kathmandu : Professional Insurance Agent Association’s LIC Nepal-Bhairahawa branch has formed a new committee.  Bhupendra Chand Yadav has been elected to the post of  Chairman of  the newly formed committee unanimously. A new working committee was elected under the...


Yet to finalize mechanism for regulating crypto currencies: Centre to SC

The Centre has informed the Supreme Court that it is yet to decide on a mechanism to regulate crypto currencies and investigate related offences. Additional Solicitor General Vikramjit Banerjee stated that the government is deliberating on the regulation of...


The Ministry of Energy is making the hotline service more effective

Kathmandu : Do you have any complaint about the service provided by Nepal Electricity Authority? Did the electricity go off without notice in your area or did you have a problem with the pole? If the authority’s employees give...