Eight Life Insurance Companies Announce Bonus Rates for FY 2080/81

Kathmandu – Out of the 14 life insurance companies currently operating in Nepal, eight have announced bonus rates for the fiscal year 2080/81. These companies have disclosed policyholder bonuses based on actuarial valuation and financial performance, following approval from...


Supreme Court Schedules Hearing on Writ Petition Against Insurance Authority Chairman’s Appointment

Kathmandu – The Supreme Court has scheduled a hearing for Chaitra 13 (March 26) on a writ petition challenging the qualifications of Sharad Ojha, who was recently appointed as Chairman of the Nepal Insurance Authority. In an order issued...


Nepal Life Insurance Honoured as ‘Best Life Insurance Company of the Year 2025’

Kathmandu — Nepal Life Insurance Company has been awarded the prestigious title of ‘Best Life Insurance Company of the Year 2025’ at the 17th Corporate Business Awards, hosted by Corporate News. The award recognizes Nepal Life’s outstanding performance and...


Nearly Rs 50 Million Insurance Claim Filed Over Tinkune Incident

Kathmandu – The recent Tinkune incident on Chaitra 15 (March 28) has led to insurance claims worth nearly Rs 50 million, according to details released by the Nepal Insurance Authority on Thursday. A total of 11 non-life insurance companies...


Sanima GIC Insurance Concludes Seventh AGM, Approves Bonus Shares and Right Issue

Kathmandu – Sanima GIC Insurance Limited successfully concluded its seventh annual general meeting (AGM) at Amritbhog, Kalikasthan, Kathmandu. The meeting, held under the chairmanship of Kunal Kayal, approved several key financial and operational proposals. One of the major decisions...


Supreme Court Summons Both Parties for Discussion on NIA Chairman Ojha’s Appointment

Kathmandu – The Supreme Court has summoned both parties for discussion regarding an interim order in the writ petition challenging the appointment of Sharad Ojha as the Chairman of the Nepal Insurance Authority (NIA), the regulatory body overseeing the...


Writ Petition Filed Against Nepal Insurance Authority Chairman Sharad Ojha

Kathmandu – A writ petition has been filed in the Supreme Court, challenging the qualifications and age of Sharad Ojha, who was recently appointed as the Chairman of the Nepal Insurance Authority. The petition, registered under case number 081...


Insurance Agents Raises Concerns Over Regulatory Challenges, Chairman Ojha Remains Unresponsive

Kathmandu – Life insurance agents across Nepal are facing challenges due to certain provisions in the Insurance Regulations, and many are looking to Nepal Insurance Authority Chairman Sharad Ojha for support. Despite his background as an insurance agent, there...


Reinsurance Sector Faces Challenges as Climate Change and Urbanization Drive $350 Billion in Losses

Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters...


Nepal Insurance Concludes AGM, Approves Dividend Proposal

Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on...