Kathmandu – The life insurance industry in Nepal reported solid growth in the last fiscal year, with all 14 life insurers reporting higher earnings. According to the fourth-quarter financial statements for FY 2081/82, the sector’s total net insurance premiums...

Kathmandu – IME Life Insurance Company Limited celebrated its 8th anniversary with a Prabhat Pheri (morning procession) program in Butwal on Sunday. The event, held as part of the company’s week-long anniversary celebrations, saw enthusiastic participation from employees, agents,...

Kathmandu – The average solvency ratio of life insurance companies in Nepal stood at 2.14 in the last fiscal year, reflecting a slight decline from 2.17 recorded in the previous year, according to recently published financial statements. Among the...

Kathmandu – The government is preparing to dismiss Sharad Ojha, chairman of the Nepal Insurance Authority, after an investigation concluded that the documents he submitted at the time of his appointment were fake. A committee formed by the Council...

Kathmandu – On the occasion of its eighth anniversary, IME Life Insurance Company Limited organized a large-scale blood donation program in Kathmandu with the technical support of the Nepal Red Cross Society. The event, held at Lainchaur, was conducted...

Kathmandu – IME Life Insurance Company Limited celebrated its eighth anniversary with a series of Prabhat Pheri (Walkathon)  programs held across all seven provinces of Nepal, including a central event in Kathmandu. The morning rallies were organized in collaboration...

Kathmandu — Rastriya Jeevan Beema Company Limited has reported a net profit of Rs 20.8 million in the last fiscal year, reflecting a 16 percent decline compared to Rs 20.47 million in the previous fiscal year. Despite the fall...

Kathmandu — The combined net profit of life insurance companies in Nepal fell by 16.01% in the fiscal year 2081/82, according to financial statements published by the insurers. The 14 life insurance companies currently in operation earned a total...

Kathmandu — Asian Life Insurance Company Limited has reported strong financial performance for the fiscal year 2081/82, with net profit surging by 24.57% to Rs 409.3 million, compared to Rs 328.5 million in the previous year. The company’s catastrophe...

Kathmandu — Sun Nepal Life Insurance Company Limited has reported a net profit of Rs 542.4 million for the fiscal year 2081/82, a slight dip of 5.62% from the prior fiscal year. However, the company had a significant growth...