Kathmandu — The Insurance Authority of Nepal is preparing to issue unified directives to strengthen the financial health of insurance companies and address challenges faced by policyholders. Chairman Sharad Ojha made this announcement while addressing an interaction program on...

Kathmandu – Neco Insurance Company has extended the deadline for applying for its right shares to Chaitra 14 (March 27). The original deadline, which was set for Falgun 28 (March 12), was pushed back due to insufficient applications. Neco...

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...