Sun Nepal Life CEO Arrested in Previously Settled IPO Case, Raising Questions Over CIB’s Actions

Kathmandu — A controversy has emerged involving Nepal Police’s Central Investigation Bureau (CIB), raising concerns about its conduct in a case that had already been reviewed and resolved by both the Securities Board of Nepal (SEBON) and the Patan...


MetLife Accused of Misconduct: Running Health Business Under the Name of Insurance, Upgrading App Without Informing the Regulator

Kathmandu – MetLife Nepal has introduced a new update to its “One by MetLife” mobile app, allegedly acting against the principles of insurance. Without informing the regulatory body, the Nepal Insurance Authority, the company added a health risk assessment...


Prabhu Insurance to Hold Annual General Meeting for Dividend Approval

Kathmandu — Prabhu Insurance Limited has scheduled its 30th Annual General Meeting (AGM) for April 22 at 11:00 am. The meeting will take place at the company’s head office, Prabhu Complex in Tinkune, Kathmandu, following a board meeting held...


All But Three Insurance Companies Hold AGMs on Time

Kathmandu — Insurance companies that had long struggled to conduct their annual general meetings (AGMs) on schedule are now showing improvement. Due to repeated directives from the Insurance Authority in recent years and ongoing coordination with companies, all but...


Himal Koirala Appointed Company Secretary of National Life Insurance

Kathmandu – National Life Insurance Company Limited has appointed Himal Koirala as its new Company Secretary. Previously serving as Deputy Administration Manager, Koirala holds a master’s degree in law and brings strong legal expertise to the role. He replaces...


Rajendra Bahadur Chand Unanimously Elected President of National Life Central Insurer Committee

Kathmandu – Rajendra Bahadur Chand has been unanimously elected as President of the National Life Insurer Committee under the Professional Insurance Agents Association Nepal. He was elected during the association’s second national convention, held in Butwal on Friday, where...


In February, Asian Life, Prabhu Mahalaxmi, and Citizen Life Post Strong Growth; Nepal Life and National Life See Decline

Kathmandu — Life insurance companies in Nepal collected a total of Rs 13.66 billion in insurance premiums in February of the current fiscal year. According to data published by the Nepal Insurance Authority, the 14 operating life insurance companies...


Formation of Nepal Life Damak Branch Committee Under Nepal National Insurance Agents Association

Kathmandu — A new branch committee has been formed at the Damak branch of Nepal Life Insurance Company Limited under the Nepal National Insurance Agents Association. The committee has been established with the aim of uniting all insurance agents,...


LIC Nepal Upgraded to ‘AA-’ Rating, Highlighting Strong Reliability and Financial Strength

Kathmandu — Life Insurance Corporation Nepal (LIC Nepal), one of the most experienced players in the country’s life insurance sector, has received a rating upgrade. ICRA Nepal has raised the company’s rating to ‘AA-’, up from its previous ‘A...


Sanima Reliance Life Insurance Marks Its 9th Anniversary Today

Kathmandu — Sanima Reliance Life Insurance Limited is celebrating its 9th anniversary today in Kathmandu. The company was formed on March 23, 2023 following the merger of Sanima Life Insurance and Reliance Life Insurance. Since the merger, the organization...