Citizen Life Reports Strong Third-Quarter Growth, Life Insurance Fund Reaches Rs 24.55 Billion

Kathmandu — Citizen Life Insurance has reported strong growth in its third-quarter financial results for the current fiscal year, with its life insurance fund rising to Rs 24.55 billion as of mid-April 2026. According to the company’s latest financial...


Insurance Sector Receives Limited Attention in Government Policy and Program

Kathmandu — The insurance sector has received only limited coverage in the government’s policy and program for the upcoming fiscal year. Under the policy framework, the government has pledged to strengthen and develop the capital market by making it...


Prabhu Mahalaxmi Life Reports Higher Profit and Income in Third Quarter

Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has published its financial results for the third quarter of the current fiscal year, ending mid-April 2026. The report shows growth in key financial indicators, including profit and income, compared to the...


Department of Money Laundering Investigation Reports Guardian Micro Life and Protective Micro Chairmen Unreachable

Kathmandu — The chairmen of Guardian Micro Life Insurance and Protective Micro Insurance have reportedly become unreachable amid an ongoing investigation into insurance company share investments. The Department of Money Laundering Investigation has already directed the chairpersons and shareholders...


Citizen Life Insurance Settles NPR 14.8 Million Insurance Claim

Kathmandu — Citizen Life Insurance Company Limited’s Bhairahawa branch has settled an insurance claim worth NPR 14.89 million in favor of Bhagwati Khatri, a resident of Ward No. 13, Siddharthanagar Municipality. The claim followed the tragic death of local...


IME Life Earns Rs 367.9 Million Profit in Nine Months; Life Insurance Fund Nears Rs 17 Billion

Kathmandu — IME Life Insurance Company Limited has published its financial results for the third quarter of the current fiscal year. The report shows improvements in most key indicators, including profit, compared to the same period last year. The...


Balen Government Amends Two Provisions of Insurance Act; What Does the Ordinance Say?

Kathmandu — The government has amended two provisions of the Insurance Act, 2022 through an ordinance issued yesterday to revise several Nepal Acts. The amendment removes the previously fixed four-year tenure for members under Section 9 of the Act....


Insurance Sector Emerges as a Growing Employer, Coverage Surpasses 50%

Kathmandu — Nepal’s insurance industry is increasingly positioning itself as a strong source of employment. In recent years, the sector has attracted a growing workforce, with more than 12,000 people now directly employed across life, non-life, and micro-insurance companies....


Suryajyoti Life Reports 11% Rise in Profit, Key Financial Indicators Improve

Kathmandu – Suryajyoti Life Insurance Company Limited has released its third-quarter financial results for the current fiscal year, covering the period up to mid-April (end of Chaitra). The report shows broad-based growth across most financial indicators compared to the...


Insurance Authority Registers 120 Complaints in Nine Months, Resolves 118 Cases

Kathmandu — Nepal Insurance Authority, the regulatory body of the insurance sector, has been prioritizing the resolution of insurance-related complaints and dispute petitions. Despite delays in leadership appointments, the authority has recently stepped up efforts to address pending and...