Munich – Munich Re has once again outperformed expectations, reporting a net profit of €5.7 billion for the 2024 financial year—€700 million above its original target. This marks the fourth consecutive year of exceeding profit goals, reflecting the company’s...

Zurich – Swiss Re has announced a strong financial performance for 2024, recording a net income of USD 3.2 billion and achieving a 15% return on equity (ROE). The company’s Board of Directors has proposed an 8% increase in...

Kathmandu – Himalayan Life Insurance has announced a special discount on interest and penalty fees for renewing expired insurance policies. The offer will be available upto March 13, 2025. According to the company, policyholders can receive up to a...

Kathmandu – Former chairmen of the Nepal Insurance Authority have urged current Chairman Sharad Ojha to uphold the integrity of the regulatory body by resisting political interference and strictly adhering to the law. During a discussion held at the...

Kathmandu – Sharad Ojha, the newly appointed chairman of the Nepal Insurance Authority (NIA), is set to meet with former chairpersons of the authority today at 2 pm for a discussion. The meeting aims to gather insights from the...

Kathmandu – Sanima Reliance Life Insurance Limited has announced the sale of 1.56 million founder shares, offering existing founder shareholders the first right to purchase them. The company has stated that interested founder shareholders must submit their applications at...

Kathmandu – Asian Life Insurance Company Limited has introduced a special discount on interest charges for policyholders looking to renew their lapsed insurance policies. The company has launched this initiative for fully expired policies that have exceeded six months...

Kathmandu – Health and Population Minister Pradip Paudel has suggested collecting a contribution from mobile recharge payments to make Nepal’s health insurance fund more stable and sustainable. During an inspection visit to Bhagiratha Buddhashanti Hospital in Jhapa on Sunday...

Kathmandu – The Special Court has acquitted Surya Prasad Silwal, the former chairman of the Nepal Insurance Authority (NIA), in a corruption case related to allegations of submitting false information regarding his age. The court’s decision came during a...

Kathmandu – Life insurance policy surrenders in Nepal have crossed eight billion rupees by the end of the Magh month (mid-February), reflecting a significant trend of policyholders opting out before the completion of their coverage period. According to data...