Nepal Insurance Authority and MetLife Host ‘Risk Resilience Exchange’ Program

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,...


NIA Directs Insurance Companies to Ensure Transparency in Policy Loans

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...


National Life Insurance to Acquire Habib Bank’s Stake in Himalayan Bank

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....


IME Life Insurance Marks 8th Anniversary with Futsal Tournament

Kathmandu – IME Life Insurance Company Limited has successfully concluded its 8th Anniversary Futsal Competition with enthusiastic participation from employees across its corporate and branch offices. The tournament, held under the theme “Health, Unity and Energy through Sports,” brought...


Nepal Life Insurance Appoints Nepal Life Capital as Share Registrar

Kathmandu – Nepal Life Insurance Company Limited has appointed Nepal Life Capital Limited as its official share registrar. According to the decision of the company’s board of directors, the appointment will come into effect from Bhadra 15, 2082 (August...


Life Insurance Companies Fund Climbs to Rs 804.48 Billion, IME Life Records Fastest Growth

Kathmandu – The size of the insurance fund of Nepal’s life insurance companies has rose to Rs 844.48 billion by the end of the last fiscal year 2081/82, underscoring the sector’s steady expansion and growing financial strength. The figure...


Nepal Life and Round Table Nepal Collect 5,000 kg of Waste from Mount Everest under Project Care

Kathmandu — Nepal Life Insurance Company Limited, in collaboration with Round Table Nepal, has successfully collected 5,000 kilograms of waste from Mount Everest under the Project Care campaign. The initiative aims to preserve the natural beauty of the world’s...


Ratnakar Patnaik Appointed Chairman of LIC Nepal

Kathmandu. Ratnakar Patnaik has been appointed as the Chairman of Life Insurance Corporation (Nepal) Limited (LIC Nepal). The decision was made during a meeting of the company’s Board of Directors held on 28th Shrawan (August 13). Along with Patnaik’s...


Sanima Reliance Life Puts 1.34 Million Promoter Shares Up for Sale

Kathmandu – Sanima Reliance Life Insurance Limited has announced the sale of 1,347,588 units of its promoter shares. According to the company, the shares have been made available for purchase by the general public, existing promoter shareholders, as well...


Insurance Access Reaches Record 48.33% in Nepal

Kathmandu — Access to Insurance in Nepal has reached an all-time high of 48.33 percent, marking an increase of 5.06 percentage points compared to the previous fiscal year, according to the latest data released by the Nepal Insurance Authority....