Kathmandu – Along with employee dissatisfaction mounting and attrition on the rise, the Nepal Insurance Authority has submitted a proposal to the Ministry of Finance seeking up to a 90 percent increase in service-related benefits for its staff. The...

Kathmandu – Endowment insurance policies have taken the lead in Nepal’s life insurance sector, contributing the largest share of premium collection, according to the latest data published by the Nepal Insurance Authority. As of the end of Baisakh (mid-May)...

Kathmandu – The Nepal Insurance Authority (NIA) organized a high-level interaction program on Tuesday in Kathmandu with chairpersons and board members of non-life insurance companies to address pressing issues in the insurance sector and chart a path toward institutional...

Kathmandu – The Nepal Insurance Authority has agreed to amend the Insurance Regulations 2081 following sustained pressure from insurance agents who claimed the provisions undermined their profession. An agreement was reached on Saturday, Jestha 17 (May 31), between the...

Kathmandu — Life insurance companies in Nepal have collected a total of Rs 140.35 billion in premiums from various policy types by end of Baisakh (mid-May) of the current fiscal year. The collection comes from the sale of all...

Kathmandu — Suspicious transactions within Nepal’s insurance sector have more than doubled annually, raising fresh concerns about money laundering risks and exposing regulatory weaknesses in oversight mechanisms. Despite provisions requiring insurance companies to establish dedicated departments to combat money...

Kathmandu — In a remarkable achievement for Nepal’s non-life insurance sector, Shikhar Insurance Company Limited has become the first and only non-life insurer in the country to collect Rs 5 billion in insurance premium within just 10 months and...

Kathmandu — Despite economic challenges and structural hurdles, Nepal’s insurance sector has managed a modest yet notable growth in outreach. According to the latest report by the Nepal Insurance Authority, insurance coverage has increased by 3.83 percent, bringing the...

Kathmandu – Life insurance companies in Nepal have collected more than Rs 109.43 billion in renewal insurance premiums during the ten months leading up to the end of Baishakh (mid-April)) in the current fiscal year 2081/82. This marks a...

Kathmandu — Protective Micro Insurance Limited has announced that its second Annual General Meeting (AGM) will be held on Ashar 16 (June 30) at 1 AM at the company’s head office in Dhangadhi. The decision was made during a...