Kathmandu – Nepal’s insurance sector has increasingly become an attractive employment destination, with more than 12,000 employees receiving service facilities annually. According to the financial statements of the last fiscal year, a total of 12,251 employees working in life...

Kathmandu – Life insurance companies operating in Nepal have extended loans worth nearly one hundred billion rupees to their insureds. During the fourth quarter of the last fiscal year, the country’s 14 life insurance companies collectively disbursed insurance policy...

Kathmandu – The single premium income of life insurance companies has risen sharply in the last fiscal year (2081/082), marking a significant growth trend in the insurance sector. According to the fourth-quarter financial statements published by the companies, the...

Kathmandu – IME Life Insurance Limited has appointed Om Prakash Rai as the Province Chief of Madhesh Province. Rai, a seasoned insurance professional, has been associated with the company since its inception, holding key roles across Koshi Province, including...

Kathmandu – The outstanding claims of life insurance companies in Nepal have surged sharply, raising fresh concerns about the timely settlement of policyholder benefits. According to the fourth quarter financial statements of the last fiscal year published by 14...

Kathmandu – Asian Life Insurance Company Limited has completed the allotment of its recently issued right shares. Previously, the company had issued right shares in the ratio of 1:0.42 to shareholders listed in NEPSE.  Out of the total 14.2...

Kathmandu – Himalayan Life Insurance Limited has organized an orientation program on money laundering prevention, emphasizing compliance with regulatory directives and strengthening internal safeguards. The program was held on Friday at the Hilton Hotel, Kathmandu. Speaking at the event,...

Kathmandu – Nepal Insurance Authority (NIA), in collaboration with MetLife, organized the ‘MetLife-NIA Risk Resilience Exchange: Advancing Insurance Excellence’ program to enhance sustainability, capability, and risk tolerance in Nepal’s insurance industry. The event, held at the Marriott Hotel, Naxal,...

Kathmandu – The Nepal Insurance Authority (NIA) has issued a directive instructing insurance companies to provide clear, timely, and easily understandable information regarding loans taken by policyholders against their insurance policies. The Authority has mandated insurers to inform policyholders...

Kathmandu – Pakistan’s Habib Bank Limited (HBL) has finalized an agreement to sell its stake in Himalayan Bank Limited (HBL) to National Life Insurance Company Limited. A formal share purchase agreement was signed between the two institutions last Friday....