Citizen Life Insurance Announces Full Interest Exemption on Lapsed Policies

Kathmandu — Citizen Life Insurance Company has introduced a special provision granting up to 100 percent exemption on late fees for lapsed insurance policies, aiming to support policyholders facing difficulties in premium payments. The company stated that, in light...


Asian Life Insurance Extends Bid Submission Deadline for Auctioned Right Shares

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...


Suryajyoti Life Insurance Ensures Continuity of Services Amid Current Situation

Kathmandu — Suryajyoti Life Insurance Company has announced that its services will continue uninterrupted through its nationwide branch offices, in line with directives from security agencies to maintain essential services during the current situation in the country. The company...


Insurance Authority Expands Investment Scope with New Directive 2082

Kathmandu – The Nepal Insurance Authority has issued the Insurance Investment Directive, 2082, broadening the scope of investment for life, non-life, micro, and reinsurance companies. The directive, approved on Bhadra 17, aims to strengthen regulatory oversight while creating new...


Sun Nepal Life Concludes AML-CFT and Corporate Governance Training

Kathmandu – Sun Nepal Life Insurance has successfully completed a special training program on Anti-Money Laundering and Combating the Financing of Terrorism (AML-CFT), alongside corporate governance, with the objective of enhancing employee capacity and reinforcing transparency within the financial...


Government Launches Health Insurance Program for Filmmakers

Kathmandu – The Government of Nepal has introduced a health insurance program aimed at ensuring the well-being and social security of filmmakers while supporting the sustainable development of the Nepali film industry. The initiative, titled “Health Insurance Program for...


Santosh Prasai Receives Visionary Leader in Life Insurance Award

Kathmandu -. Santosh Prasai, Chief Executive Officer (CEO) of Prabhu Mahalaxmi Life Insurance Limited, has been honored with the Visionary Leader in Life Insurance Award at the 6th Asian Professional Achievement Awards. The recognition highlights Prasai’s significant contribution to...


Historical Participation of Nepali Representatives in MDRT Global Conference

Kathmandu – More than 19,000 insurance and financial professionals from around the world participated in this year’s Million Dollar Round Table (MDRT) Global Conference, a prestigious platform that recognizes excellence, discipline, and service in the financial and insurance sector....


LIC Nepal Marks 24 Years of Service, Enters Silver Jubilee Year

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) has completed 24 years of service and entered its 25th year since its establishment on September 1, 2001. The company, a leading player in Nepal’s insurance industry, has consistently expanded...


LIC Nepal’s Prabha Gyawali Selected as Chairman’s Club Member of the Current Fiscal Year

Kathmandu – Insurance entrepreneur Prabha Gyawali has once again secured her place in the Chairman’s Club of Life Insurance Corporation (LIC) Nepal, continuing her remarkable streak of success for the 22nd consecutive year. Operating through LIC Nepal’s Parasi branch,...