Kathmandu – Nepal Life Insurance Company Limited has introduced its latest bonus rates for policyholders, following approval from the Nepal Insurance Authority on December 27. The new rates, determined based on the company’s financial review and actuarial report for...

Meil Business Newspaper  Seoul – The financial authorities have set the compensation limit for victims of the Jeju Air passenger plane crash at Muan International Airport at $1 billion (approximately 1.472 trillion won). This compensation is part of a...

Kathmandu – Life insurance policies worth Rs 6.1 billion have been surrendered in Nepal within last five months, according to data from the Nepal Insurance Authority. By the end of the Mangsir month (mid-December), 45,060 policies had been surrendered...

Kathmandu – Non-life insurance companies in Nepal have received claims amounting to Rs 12.88 billion due to the devastation caused by recent floods and landslides. According to the Nepal Insurance Authority, 3,673 claims have been filed as of December...

Kathmandu – A case involving a fraudulent insurance claim of Rs 68.8 million at Rastriya Beema Company Limited remains unaddressed, even after the Nepal Insurance Authority recommended action against those involved. The scandal revolves around an exaggerated claim settlement...

Kathmandu – Nepal Insurance Authority has announced a new provision allowing insurance companies to purchase non-real estate fixed assets without requiring regulatory approval. However, the board has imposed stricter regulations on investments in high-risk areas. As per the draft...

Kathmandu – The government has begun a new process for the appointment of the chairman of the Nepal Insurance Authority. The process began with the formation of a recommendation committee during a meeting of the Council of Ministers held...

Kathmandu – Non-life insurance companies in Nepal reported a total premium income of Rs 17.17 billion during the first five months of the current fiscal year, marking a 9.27 percent increase compared to Rs 15.72 billion in the same...

Kathmandu – Rastriya Beema Company has come under scrutiny over allegations of corruption and irregularities in the procurement process of core insurance software. The company is reportedly in the final stages of purchasing the software from Arihant, a firm...

Kathmandu – The Securities Board of Nepal (SEBON) is on track to approve rights shares worth over Rs 6.3 billion for seven insurance companies. This move comes as part of the Nepal Insurance Authority’s directive to increase the paid-up...