Kathmandu – The Nepal Insurance Authority (NIA) convened a high-level discussion and interaction program with key stakeholders from the insurance and reinsurance sector. The program was held at the Marriott Hotel in Kathmandu on Thursday. The event brought together...

Kathmandu — Life insurance companies operating in Nepal have collectively conducted micro insurance business worth Rs 2.05 billion by end of Jestha (mid-April to mid-June) of the current fiscal year, according to the latest data published by the Nepal...

Kathmandu — A recent circular issued by the Health Insurance Board regarding the designation of “first service points” under Nepal’s health insurance scheme has caused widespread confusion among the insured public. The circular, based on the Health Insurance Act,...

Kathmandu – Life insurance companies in Nepal recorded a significant rise in new business in the month of Jestha (mid-May to mid-June), generating Rs 4.16 billion in insurance premiums, including foreign employment insurance. According to data released by the...

Kathmandu — ICRA Nepal has assigned an issuer rating of ‘ICRA NP IR A’ to Sagarmatha Lumbini Insurance Company Limited (Salico), reflecting the company’s strong financial fundamentals and timely debt servicing capabilities. The ‘A’ category rating denotes that Salico...

Kathmandu — The Nepal Insurance Authority has issued a strong warning to insurance companies following a surge in complaints from policyholders about delays and unfair treatment. In a circular released on Tuesday, the Authority instructed insurers to settle claims...

Kathmandu — Life insurance and microinsurance companies operating across Nepal have collectively generated over Rs 155.15 billion in insurance premiums across all seven provinces by the end of Jestha month, according to data released by the Nepal Insurance Authority....

Kathmandu – Sun Nepal Life Insurance Company Limited has officially announced new bonus rates for its life insurance policyholders following the approval of its actuarial valuation report by the Nepal Insurance Authority on Ashar 15 (June 29). The newly...

Kathmandu – Life insurance companies in Nepal are still struggling to recover more than Rs 700 million in loans disbursed to their insurance agents, raising concerns about compliance with regulatory directives and financial discipline within the industry. According to...

Kathmandu – Nepal’s life insurance sector has witnessed a notable rise in premium income, with a monthly growth of 11.41 percent recorded in the month of Jestha (mid-May to mid-June), according to the latest report released by the Nepal...