Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has issued a stern warning to provincial and branch heads of insurance companies, stating that strict action will be taken against those who fail to act in the interest of the...
Kathmandu — Insurance companies in Nepal have significantly expanded their claim settlement scope, with non-life insurers in particular showing remarkable growth in the current fiscal year. According to the Nepal Insurance Authority, the total insurance claim payments by both...
Kathmandu – Reliable Nepal Life Insurance Limited has received an improved issuer rating of ‘Care-NP A minus (IS)’ from CARE Ratings Nepal Limited, upgrading from its previous ‘Care-NP BBB+ (IS)’ status. This upgraded rating reflects the company’s strong solvency...
Kathmandu – Nepal’s life insurance sector is witnessing a worrying rise in policy surrenders, with more than Rs. 13.5 billion withdrawn from life insurance companies in just the first 11 months of the current fiscal year. According to data...
Kathmandu – Nepal’s insurance industry has emerged as a key employment generator, with over 12,000 individuals currently working across 37 life and non-life insurance companies. According to data released by the Nepal Insurance Authority, 12,234 employees were engaged in...
Kathmandu – Reliable Nepal Life Insurance Limited has officially reappointed Narayan Babu Lohani as its Chief Executive Officer (CEO) for another term. The decision was made during the 155th meeting of the company’s board of directors, held on Ashar...
Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has listed its bonus shares on the Nepal Stock Exchange (NEPSE). On Sunday, the company listed 3,784,800 units of bonus shares, distributed at an 8 percent rate. With the listing now complete,...
Kathmandu, – Sun Nepal Life Insurance Company Limited is set to auction a total of 224,506 units of unallocated right shares starting from Ashar 23 (July 7). The auction process will remain open until Shrawan 30 (August 13). Nepal...
Kathmandu – IME Life Insurance Company Limited has honored Senior Agency Manager Laxmi Ghimire for becoming the first agent to be inducted into the company’s highest recognition tier, the Everest Club, under its club schemes for the fiscal year...
Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) has called on its shareholders to promptly claim their unclaimed dividends and IPO distribution amounts that have remained untouched for five years. In a notice issued by the company, it...