Life Insurers’ Business Grows 11%, with IME, Reliable and Citizens Posting Strong Gains

Kathmandu — Life insurance companies operating in Nepal earned total premiums of NPR 140.45 billion during the third quarter of fiscal year 2025/26. According to data released by the Nepal Insurance Authority, all 14 life insurers in operation contributed...


Reliable Nepal Life Transfers Claim Amount to a Fully Disabled Insured

Kathmandu — Reliable Nepal Life Insurance Limited has paid a claim under its full disability benefit. Mrs. Khagisara Shrestha, a resident of Ward No. 2, Gurans Rural Municipality in Dailekh District, had purchased an insurance policy under the “Reliable...


Nepal Life Announces Full Waiver on Late Fees for Lapsed Policies

Kathmandu — Nepal Life Insurance Company Limited has introduced a special scheme offering a full waiver on late fees for the revival of lapsed insurance policies, marking its 25th anniversary. In light of ongoing economic challenges that have led...


Citizen Life Pays NPR 753.67 Million in Claims in Nine Months

Kathmandu — Citizen Life Insurance Company Limited has paid a total of NPR 753.67 million in insurance claims to policyholders during the first nine months of the fiscal year 2025/26. According to the company, the payments were made in...


Government Moves to Extend Anti-Corruption Authority into the Private Sector; Proposal Targets Irregularities in Banking and Insurance

Kathmandu – The government led by Balen has decided to expand the jurisdiction of the anti-corruption authority to allow strict investigation of corruption in the private sector. The proposal is included in the draft Anti-Corruption Strategy for 2025 to...


Insurance Authority Approves 21 New Policies and 12 Rider Contracts in One Year

Kathmandu — The Nepal Insurance Authority has approved 21 new insurance policies and 12 new supplementary (rider) contracts by mid-March of the current fiscal year 2025/26. According to the Authority, only life insurance companies have received approvals for rider policies....


Dispute Escalates Between Insurance Authority and Employees Provident Fund; EPF Claims Right to Hold Up to 25% Shares

Kathmandu — A dispute has intensified between the Nepal Insurance Authority and the Employees Provident Fund (EPF) over cross-shareholding in insurance companies, particularly concerning ownership levels that exceed the regulatory threshold. The issue gained attention after the Auditor General’s...


Narayan Bajaj Appointed Chairman of Himalayan Life Insurance

Kathmandu — Narayan Bajaj has been appointed Chairman of Himalayan Life Insurance following a board decision made on April 6. He represents Laxmi Corp Nepal Pvt. Ltd., a founding shareholder of the company, and was chosen to fill a...


Asian Life Insurance Enters Its 19th Year, Reaffirms Commitment to Service Expansion and Trust

Kathmandu — Asian Life Insurance Company Limited has completed 18 years of operation and officially stepped into its 19th year. The company commenced its business on April 4, 2008. To mark the beginning of its 19th year, the company...


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...