Life Insurance Premiums Reach Rs 35.99 Billion in Bhadra

Kathmandu – Life insurance and micro life insurance companies in Nepal reported strong business performance in the month of Bhadra of the current fiscal year, with total premium collections amounting to Rs 35.99 billion. According to financial statements released...


Nepal Insurance Authority Amends Governance Directive to Support Reconstruction Efforts

Kathmandu. The Nepal Insurance Authority (NIA) has introduced the second amendment to the Insurance Institutional Governance Directive, 2080, enabling insurance companies to contribute to the reconstruction of structures damaged during the Gen-Z protest as part of their social responsibility...


Life Insurance Companies in Collect Rs 3.26 Billion in Bhadra, Marking strong Growth

Kathmandu – Life insurance companies in Nepal have reported robust growth in new business during the month of Bhadra, with total premiums reaching Rs 3.26 billion, marking a significant increase compared to the previous fiscal year. According to data...


United Ajod Insurance Sets Benchmark in Customer-Centric Service

Kathmandu – United Ajod Insurance, operating under the slogan ‘United by Trust’, has emerged as a leading example of customer-focused insurance service in Nepal. Beyond providing traditional insurance, the company positions itself as a reliable partner, supporting policyholders during...


Shikhar Insurance Pays Rs 300 Million in Claims After Gen-Z Protests

Kathmandu – Shikhar Insurance has announced that it has paid out insurance claims worth nearly Rs 300 million to more than 40 insured clients whose properties were damaged during the Gen-Z protests on Bhadra 23 and 24. The company...


Janakraj Sharma Assumes Office as Chairman of Nepal Insurance Authority, Prioritizes Gen-Z Claim Payments

Kathmandu – The newly appointed Chairman of the Nepal Insurance Authority (NIA), Janakraj Sharma, has called on insurers to expedite the settlement of claims arising from the recent Gen-Z protest, which has triggered the largest insurance payout demand in...


Janakraj Sharma Assumes Office as Chairman of Nepal Insurance Authority

Kathmandu — Janakraj Sharma has officially assumed office as the new Chairman of the Nepal Insurance Authority. He took charge immediately after taking the oath of office and secrecy before Finance Minister Rameshwor Khanal today. Sharma was appointed to...


Praveen Raman Parajuli Elected President of Life Insurance Association of Nepal

Kathmandu – Praveen Raman Parajuli, Chief Executive Officer of Nepal Life Insurance Company, has been elected as the President of the Life Insuramce Association of Nepal. The decision was made unanimously during the association’s sixth annual general meeting, held...


Non-Life Insurance Companies Collect Over Rs 8 Billion Premium in First Two Months of FY

Kathmandu — Non-life insurance companies in Nepal have earned more than Rs 8 billion in total insurance premiums during the first two months of the current fiscal year. According to data released by the Nepal Insurance Authority, 14 non-life...


Siddhartha Premier Insurance Swiftly Settles Claims from Gen Z Protests

Kathmandu — Siddhartha Premier Insurance has taken the lead in settling insurance claims arising from the recent Gen Z protests, underlining its commitment to providing fast and reliable financial relief to affected policyholders. The company confirmed that it has...