The Korea Times Seoul – Sales of whole life insurance in South Korea have declined sharply in recent years as policyholders reconsider the value of long-term death benefits amid rising life expectancy and changing financial priorities. In response, financial...

Kathmandu – Citizen Life Insurance Company Limited is set to close its books on March 12 for the purposes of its annual general meeting (AGM) and dividend distribution. As a result, only shareholders listed until today will be eligible...

Kathmandu – IME Life Insurance Company successfully concluded its 8th Annual General Meeting (AGM) today at Diyo Mahal in Dhumbarahi, Kathmandu. The meeting addressed key financial and operational matters, including dividend distribution, financial statements, and board authorizations. The AGM...

Kathmandu – Today marks the last opportunity for shareholders of Sanima Reliance Life Insurance Limited to secure the proposed dividend. The company will close its books tomorrow (March 10) for the purpose of its eighth annual general meeting (AGM)...

Kathmandu – The Securities Board of Nepal (SEBON) is in the final stages of approving the rights issuance of several insurance companies which is worth over Rs 6.3 billion. As per the Nepal Insurance Authority’s directive to increase paid-up...

Kathmandu – Nepal Life Insurance Company Limited is set to resume the postponed director election for general shareholders (Group B) on March 15. The election was initially scheduled during the company’s 25th Annual General Meeting (AGM) on February 10...

Kathmandu – Insurance agents across Nepal are preparing for protests against the recently approved Insurance Regulation 2081, claiming it curtails their rights. The regulation, passed by the Cabinet on January 11, imposes additional financial burdens on agents, including the...

Kathmandu – Sanima Reliance Life Insurance Limited has requested its shareholders to pay the tax on bonus shares approved during its general meeting on October 9, 2024. The company had decided to distribute 18.3811 percent bonus shares based on...

Kathmandu – The Ministry of Finance has approved an additional Rs 3.84 billion to support various health-related programs, including health insurance payments. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel sanctioned the funds following a request from the...

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...