Tax evasion by Suryajyoti Life by submitting false information,total income

Kathmandu : Beemapost found the fact that after the integrated business as Suryajyoti Life, the former Surya Life and Jyoti Life had submitted false statements to the tax office while submitting the financial statement of the previous fiscal year...


The condition of spending more than the insurance amount while struggling to get insurance claim payment should be put an end-Chief Minister Karki

Kathmandu: Nepal Insurance Authority has organized an insurance-related interaction and discussion program with the government of Koshi Province on 18th of December, 2023 A.D in the auditorium of the office of the Chief Minister and Council of Ministers of...


About 13 billion rupees tax collection in two days from FPO and Merger Gain after the rejection of Writ

Kathmandu : Due to the policy taken by Finance Minister Dr. Prakash Sharan Mahat, 12.81 billion Rupees of tax has been deposited in the state treasury in two days from the premium of FPO and the bargain purchase gain...


“The role of insurance surveyor is very important to give a new height to the insurance sector”-Finance Minister Dr. Mahat

Kathmandu: Finance Minister Dr. Prakash Sharan Mahat said that the role of surveyor will be important to give new heights to the insurance sector. Finance Minister Dr. Mahat said, “Even though insurance started a long time ago, it has...


All petitions Against the Decision to Collect tax on Mergers and FPOs were Dismissed by the Supreme Court

Kathmandu: All petitions against the decision to collect tax on mergers and FPOs were dismissed by the Supreme Court, banks and insurance companies must pay 40 billion as tax. After the statement of the government’s decision to levy tax...


Global Insured Losses From Severe Convective Storms Hit New High of $60B: Reported by Swiss Re

Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural catastrophe claims surpassing $100 billion, according to Swiss Re Institute in a new report. As the US is particularly...


Due to Poor Quality 9 types of Dugs Banned

Kathmandu : The production of 9 types of drugs has been banned by DDA ( Department of Drugs Administration) due to the poor quality. The name of drugs are as below : * Linagliptin 2.5mg Tablet * Linagliptin 10mg...


Insurances is a Base of Social Development

Dr.Ravindra Ghimire Insurance is associated with risk. The act of providing protection to the insured by sharing the risk is insurance in the general sense. There are two types of risk in the world. The first is the risk...


Nepal Insurance Authority Performing DDA of A Dozen Insurance Companies

Kathmandu: The regulatory body Nepal Insurance Authority is going to conduct a detailed audit ‘DDA’ (Due Diligence Audit) under its rules to reveal the assets and liabilities of the insurance company. Since, the authority has to audit the assets...


LIC Nepal has been asked by two regulators for an Explanation

Kathmandu: Nepal Insurance Authority and Nepal Securities Board of Nepal (SEBON) have asked for an explanation about the delay in the issue of LIC Nepal’s rightful shares. According to the sources of the Securities Board of Nepal, the study...