Himalayan Everest Insurance Expedites Claim Settlements for Damages from Gen Z Protest

Kathmandu — Himalayan Everest Insurance Limited has taken swift and effective action to settle insurance claims related to damages incurred during the Gen Z protest on Bhadra 23 and 24. The company has simplified the claims process to ensure...


MetLife Partners with Global Citizen to Drive Global Economic Empowerment

Kathmandu — MetLife, a leading provider of insurance and employee benefits, has announced a three-year global partnership with Global Citizen, the world’s largest movement to end extreme poverty. The collaboration aims to promote financial empowerment, education, and community resilience...


Prabhu Mahalaxmi Life Insurance Puts 142,300 Promoter Shares Up for Auction

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the auction of 142,300 units of its promoter shares. The company has opened the sale through an auction process, inviting bids from interested investors. According to the company, the minimum...


Life Insurance Premiums Reach Rs 35.99 Billion in Bhadra

Kathmandu – Life insurance and micro life insurance companies in Nepal reported strong business performance in the month of Bhadra of the current fiscal year, with total premium collections amounting to Rs 35.99 billion. According to financial statements released...


Life Insurance Companies in Collect Rs 3.26 Billion in Bhadra, Marking strong Growth

Kathmandu – Life insurance companies in Nepal have reported robust growth in new business during the month of Bhadra, with total premiums reaching Rs 3.26 billion, marking a significant increase compared to the previous fiscal year. According to data...


Ashok Kumar Agrawal Appointed Director of LIC Nepal

Kathmandu – Ashok Kumar Agrawal has been appointed as the new director of Life Insurance Corporation (LIC) Nepal. The appointment was confirmed during the 144th meeting of the company’s Board of Directors, held on Ashoj 2 (September 18).


Nepal Life Investment Holds First Annual General Meeting

Kathmandu – Nepal Life Investment Company successfully concluded its first annual general meeting (AGM) today under the chairmanship of Amit Kumar Kayal, Chairman of the Board of Directors. The AGM endorsed the financial statements for the fiscal year 2081/82,...


Janakraj Sharma Assumes Office as Chairman of Nepal Insurance Authority

Kathmandu — Janakraj Sharma has officially assumed office as the new Chairman of the Nepal Insurance Authority. He took charge immediately after taking the oath of office and secrecy before Finance Minister Rameshwor Khanal today. Sharma was appointed to...


Praveen Raman Parajuli Elected President of Life Insurance Association of Nepal

Kathmandu – Praveen Raman Parajuli, Chief Executive Officer of Nepal Life Insurance Company, has been elected as the President of the Life Insuramce Association of Nepal. The decision was made unanimously during the association’s sixth annual general meeting, held...


Sanima Reliance Life Conducts Training on Institutional Ethics and AML Compliance

Kathmandu – Sanima Reliance Life Insurance Limited has completed a two-day residential training program aimed at enhancing employees’ knowledge and skills in institutional ethics, corporate culture, and the prevention of money laundering and terrorist financing. The training, titled “Institutional...