Government Approves Insurance Regulations, 2081 After Two-Year Delay

Kathmandu – After nearly two years of discussions and disputes, the government has finally approved the Insurance Regulation 2081. The regulation, which had been a major point of contention between the Insurance Authority and agents, introduces new provisions regarding...


Non-Life Insurance Companies Report 59.38% Decline in Profit; Sanima GIC Leads Growth Rate

Kathmandu – The combined profit of 14 non-life insurance companies in Nepal has dropped significantly by 59.38% in the second quarter of the current financial year. According to the financial statements published by these companies, their collective net profit...


Life Insurance Sector Sees 14.85% Profit Growth, Earning Rs 3.48 Billion in Q2

Kathmandu — The life insurance sector in Nepal has recorded significant profit growth in the second quarter of the current fiscal year, with 14 life insurance companies collectively earning a net profit of Rs 3.48 billion. According to the...


Rastriya Beema Company Reports Decline in Profit and Rising Expenses in Second Quarter

Kathmandu – The state-owned Rastriya Beema Company has reported a decline in its financial performance for the second quarter of the current fiscal year, according to its recently published financial statements. The company’s net profit, total income, and earnings...


Sagarmatha Lumbini Insurance Reports Decline in Profit Despite Increase in Total Income

Kathmandu – Sagarmatha Lumbini Insurance Company Limited (Salico) has released its financial statement for the second quarter of the current fiscal year, reporting a significant drop in net profit compared to the same period last year. The company recorded...


Asian Life Insurance Reports Strong Financial Growth in Second Quarter

Kathmandu – Asian Life Insurance Company Limited has achieved remarkable financial growth in the second quarter of the current fiscal year, as reflected in its recently published financial statements. The company has recorded a significant increase in net profit,...


Citizen Life Insurance Reports Remarkable 86.78% Surge in Net Profit for Q2

Kathmandu – Citizen Life Insurance Company Limited has reported an impressive 86.78% increase in net profit for the second quarter of the current fiscal year, compared to the same period in the previous fiscal year. The significant growth has...


Sanima Reliance Life Insurance Reports 5.44% Increase in Net Profit for Q2

Kathmandu – Sanima Reliance Life Insurance Limited has published its financial results for the second quarter of the current fiscal year, reporting a 5.44% growth in net profit compared to the same period last fiscal year. The company’s profit...


Sun Nepal Life Insurance Hosts Interaction Program for Nepali Migrant Workers in Malaysia

Kathmandu – In an effort to raise awareness about the financial security of Nepali migrant workers in Malaysia, Sun Nepal Life Insurance organized an interaction program on Foreign Employment Insurance Targeting Nepali Migrant Workers in Kuala Lumpur, Malaysia. The...


Nepal Life Insurance Reports 9.45% Increase in Net Profit in Q2

Kathmandu – Nepal Life Insurance Limited has published its financial results for the second quarter of the current fiscal year, showcasing a 9.45% rise in net profit compared to the same period last year. The company reported a net...