Chairman Ojha Warns of Action Against Insurance Officials Neglecting Policyholders’ Interests

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...


Insurance Claim Payments Reach Nearly Rs 73 Billion in 11 Months

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...


Reliable Nepal Life Upgraded to ‘A Minus’ Rating

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...


Life Insurance Policy Surrenders Cross Rs. 13.5 Billion in 11 Months

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– Nepal’s life insurance sector is witnessing a worrying rise in policy surrenders, with more than Rs. 13.5 billion withdrawn from life insurance companies in just the first 11 months of the current fiscal year.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...


Insurance Sector Employs Over 12,000 Amid Expanding Market and Premium Growth

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...


Narayan Babu Lohani Reappointed as CEO of Reliable Nepal Life Insurance

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...


Prabhu Mahalaxmi Life’s Bonus Shares Listed on NEPSE

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,...


Sun Nepal Life to Auction Over 224,000 Right Shares

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...


IME Life Insurance Honors Laxmi Ghimire as First-Ever ‘Everest Club’ Member

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...


LIC Nepal Urges Shareholders to Withdraw Unclaimed Dividend and IPO Amounts

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...