Kathmandu — A new working committee of the Nepal Insurance Authority Employees Union has been formed following recently held elections. Prem Hari Pokharel has been elected as the president of the union. Anurag Pandey and Romila Sharma have been...

Kathmandu — Sanima Reliance Life Insurance successfully concluded its eighth annual general meeting (AGM) today at Anmol Banquet in New Baneshwor. The meeting, which began at 11 a.m. today, approved key proposals, including dividend distribution and amendments to company...

Kathmandu – Nepal Insurance Authority (NIA) and the Royal Monetary Authority (RMA) of Bhutan have agreed to strengthen bilateral cooperation and exchange of expertise in the insurance sector. The discussions took place during a meeting between Sharad Ojha, Chairman...

Kathmandu – The Nepal Insurance Authority has introduced a new framework to simplify and streamline the foreign exchange settlement process for reinsurance purposes. The new guidelines mandate non-life insurance companies to submit the required documents for foreign currency exchange....

Kathmandu – Health and Population Minister Pradeep Poudel has outlined a plan to reform Nepal’s health insurance program with a proposed budget of NPR 40 billion and the implementation of a one-door system to streamline resources and improve service...

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...

Kathmandu – Families of the victims of the Saurya Airlines plane crash have yet to receive insurance compensation even eight months after the tragedy, raising concerns about delays and negligence from both the airline and government agencies. The National...

Kathmandu – Sun Nepal Life Insurance has received approval from the Nepal Securities Board to issue 27% rights shares. The company will offer 10,696,320 shares to existing shareholders in a 1:0.27 ratio. The rights shares will be issued at...

Kathmandu – Reliable Nepal Life Insurance Company Limited has announced new bonus rates following the approval of its financial status and liability assessment report by the Nepal Insurance Authority on March 10. The revised bonus rates apply to various...

Kathmandu – The Ministry of Health and Population has released the report of Health Insurance Reforms Recommendations Task Force at a program held on Sunday (March 16). During a program at the Ministry, Health and Population Minister Pradeep Paudel...