Account Committee’s strict instructions on payment of claims of insurance policy surrendered; “Deduct 25 percent of office expenses and return the remaining amount”

Kathmandu : Regarding the insurance policy surrender, for the first time the public account committee has given strict instructions to the regulatory insurance authority and asked them to make arrangements to return 75 percent of the amount to the...


Insurance claim payment by National Life Insurance, Rukum Branch

Kathmandu :  National Life Insurance Company Limited has provided the insurance claim amount. Rukum West branch of the company organized a program and paid the insurance claim. Gobinda B.K of Bafikot VDC-1 had insured 100 thousand Rupees in the...


Nepal Life’s Koshi Province level agent meeting and training program has completed

Kathmandu : A 21-member working committee has been selected under the chairmanship of Khadga Bahadur Pariyar from the Koshi province level agent meeting of Nepal Life Insurance Company Limited under the Professional Insurance Agents Association of Nepal. At that...


Sun Nepal Life provided the claim payment to Khan who became disabled during foreign employment

Kathmandu : Sun Nepal Life Insurance Company has paid a claim of 1.2 million Rupees to Mohammad Ebrahan Khan who got disabled during foreign employment. According to the company, Khan is the only son of Sunsari resident Kabir Mia...


LIC is paying 27% as commission from first-year premium

The Irdai has released it annual report today. The report has highlighted the fact that how much commission has been paid by the life insurance companies to their agents. The report further states that despite hike in commission paid,...


Sagarmatha Lumbini Insurance bought shares of Himalayan Bank

Kathmandu : Sagarmatha Lumbini Insurance Company Limited has now become the founder shareholder of Himalayan Bank. The company became a shareholder after purchasing the bank’s founder shares. Earlier, Sagarmatha Lumbini bought 141 thousand 116 shares in the name of...


Suryajyoti Life’s child insurance policy has condition of not bearing the risk of the insured,

Kathmandu: SuryaJyoti Life has been selling and distributing child insurance policy under the condition that it insures children but does not bear the risk fully. After Beemapost published the news about SuryaJyoti Life fraud, there is a heated debate...


 Life Insurance Companies are surviving through Term Insurance only which is made mandatory by Government, Then what is the actual condition?

Kathmandu: Life insurance companies are running their business through term life insurance policies mandated by the government. Currently operating life insurance companies have sold the highest number of term insurance policies in the month of October/November. This insurance policy...


100 Thousand Rupees Insurance Claim Payment provided by National Life Insurance

Kathmandu: National Life Insurance Company has paid the death claim to the family of Govinda B.K of Rukum. The Rukum West branch of the company has given a cheque of 119 thousand 593 rupees to the family of Govinda...


Payment of Insurance Claims provided by Citizen Life Insurance, Itahari

Citizen Life Insurance Company Tarahara branch has paid 745 thousand 940 rupees for the insurance claim. The company decided to handover the amount after Udesh Rai of Itahari of age 19 committed suicide. Udesh had made his insurance of...