Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has deposited its recently approved 8% bonus shares into the demat accounts of eligible shareholders. The decision was endorsed during the company’s 8th Annual General Meeting (AGM) held on 26th Jestha (June...

Kathmandu — Asian Life Insurance Company Limited has officially opened the sale of its 42 percent right shares starting today. The company is issuing a total of 14,279,312.48 units of right shares at a face value of Rs 100...

Kathmandu — The Nepal Insurance Authority has resolved 113 insurance-related complaints over the past 11 months of the current fiscal year, marking a decline in its complaint disposal rate compared to the previous year. The latest data, made public...

Kathmandu — The Nepal Insurance Authority has officially made public its policy and program for the upcoming fiscal year 2082/83, outlining a broad vision for enhancing the accessibility, transparency, and quality of insurance services across the country. During a...

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...

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...

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...

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– Nepal’s life insurance sector is witnessing a worrying rise in policy surrenders, with more than Rs. 13.5 billion withdrawn from life insurance companies in just the first 11 months of the current fiscal year.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

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...

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...