Kathmandu – The Ministry of Finance has formally instructed the Nepal Insurance Authority to prevent Sharad Ojha from continuing in his role as chairman. The directive comes amid ongoing legal and administrative disputes over his appointment. In a letter...

Kathmandu – A wave of rumors in the capital market today suggested that Nepal Reinsurance Company was under financial strain due to the large volume of insurance claims filed following the Gen Z protests. The speculation intensified after the...

Kathmandu – The initial insurance claims related to the Gen Z protests that began on Monday, Bhadra 23, have reached a staggering Rs 20.7 billion. According to figures released by the Nepal Insurance Authority on Thursday, a total of...

Kathmandu — The Gen Z protests that began on Bhadra 23 has triggered significant financial losses in Gandaki Province, with initial insurance claims amounting to Rs 1.13 billion filed by affected parties. According to the Gandaki office of the...

Kathmandu – Insurance companies have been asked to submit all claims related to damages from the recent Gen Z movement to the Insurance Authority by Ashoj 1. Authorities report that delays in damage assessments have occurred due to arson...

Kathmandu – Koshi Hospital has dismissed three employees after an internal investigation confirmed their involvement in misusing health insurance funds. The employees, including two pharmacy assistants and one office assistant working on a contract basis, were found guilty of...

Kathmandu – The Gen Z movement, which escalated violently across the country last week, has inflicted unprecedented material losses on government infrastructure in the capital. Among the hardest-hit areas was Singha Durbar, where a total of 1,042 vehicles belonging...

Kathmandu — The wave of Gen Z-led protests that shook Nepal in last week has left behind more than broken windows and charred storefronts. It has unleashed one of the largest insurance crises the country has faced in recent...

Kathmandu — The Nepal Insurance Authority (NIA) has initiated discussions with the chief executives of non-life insurance and reinsurance companies, as well as the Insurance Surveyors Association of Nepal, to address challenges in processing insurance claims arising from damages...

Kathmandu — Asian Life Insurance Company has extended the deadline for submitting bids for its auctioned right shares, initially opened from Bhadra 22 (September 7). Investors can now place their bids until Ashoj 5 (September 25), according to a...