Kathmandu — The policy surrender rate of life insurance companies in Nepal has seen a notable decline, though the number of non-renewed policies continues to rise, signaling mixed trends in the country’s life insurance business. According to recent data...

Kathmandu — Nepal’s insurance sector has emerged as one of the most attractive employment destinations in recent years, providing job opportunities to more than 12,000 people nationwide. The growth of the industry, coupled with increased awareness and training programs,...

Kathmandu — The Nepal Reinsurance Company (Nepal Re) has disbursed Rs 2.5 billion in advance payments to insurance companies to support swift claim settlements. The company made payments totaling Rs 3.5 billion over two days — on Ashoj 27...

Kathmandu – In a major shift for Nepal’s insurance industry, several non-life insurance companies have started disbursing advance claim payments to policyholders affected by the recent Gen Z protests, marking a new era of prompt compensation and responsible insurance...

Kathmandu — Himalayan Life Insurance Limited has appointed Kapil Kumar Dahal as the Acting Chief Executive Officer (CEO) following the resignation of former CEO Manoj Kumar Lal Karna. According to Company Secretary Ishwar Kumar Sedai, the decision was made...

Kathmandu — The Board of Directors of Himalayan Life Insurance Company has accepted the resignation of Chief Executive Officer (CEO) Manoj Kumar Lal Karna, following days of protests by the company’s agents and employees. The board’s decision was made...

Kathmandu — Demonstrating swift action and reliability in crisis response, Shikhar Insurance Company has settled 218 insurance claims within just 17 working days, amounting to Rs 420.1 million, for losses caused during the Gen-Z protest on Ashoj 24. Despite...

Kathmandu — Nepal Rastra Bank (NRB) has approved Pakistan’s Habib Bank Limited (HBL) to sell its promoter shares in Himalayan Bank Limited to National Life Insurance Company Limited. According to Himalayan Bank, the central bank approved the transaction following...

Kathmandu — The Nepal Insurance Authority has reported that the total initial insurance claims filed following the Gen-Z protest, which began on Bhadra 23, have reached a staggering Rs 23.22 billion. As of Ashoj 23, a total of 3,099...

Kathmandu – Amrit Lamsal, Deputy Director General of the Customs Department, Tripureshwor, has been appointed as the Director of Nepal Reinsurance Company Limited (Nepal Re). According to the decision made by the Ministry of Finance at the Finance Minister...