Prabhu Mahalaxmi Life Announces New Bonus Rates Across Insurance Plans

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has officially announced the new bonus rates for its various insurance plans, following the approval of its actuarial valuation report by the Nepal Insurance Authority on Chaitra 27 (April 9). The new...


Khalti Introduces Instant Collateral-Free E-Loan Service in Partnership with SuryaJyoti Life Insurance

Kathmandu — In a move to enhance digital financial access in Nepal, leading digital wallet Khalti has introduced a new collateral-free e-loan service in collaboration with Suryajyoti Life Insurance. The newly launched feature enables users to receive instant loans...


Asian Life Insurance’s Parsha Branch Head Ananda Prasad Sharma Passes Away

Kathmandu — Ananda Prasad Sharma, the head of the Parsha branch of Asian Life Insurance Company Limited, has passed away while undergoing treatment for injuries sustained in a road accident. He was 52. Sharma had been receiving treatment at...


MetLife Nepal Launches Nationwide Campaign to Empower Locals Through Insurance Careers

Kathmandu – In a bid to inspire a new wave of local employment and community impact, MetLife Nepal has launched a nationwide campaign encouraging individuals from all walks of life to pursue a meaningful career as life insurance agents....


IME Life Launches E-Loan Service for Policyholders

Kathmandu – IME Life Insurance Company Limited has officially launched its new digital loan facility, branded as the “IME Life E-Loan Service,” enabling policyholders to apply for and receive loans from the comfort of their homes. The service was...


Insurance Companies Must Act Responsibly on Term Policies, Says Chairman Ojha

Kathmandu — Nepal Insurance Authority Chairman Sharad Ojha has called on insurance companies to adopt a more responsible and targeted approach toward term insurance, citing its critical role in ensuring financial security for families. His remarks came during the...


SuryaJyoti Life Insurance Unveils Digital Card and e-Loan Services, Marking Industry First In Nepal

Kathmandu, – In a pioneering move for Nepal’s insurance sector, SuryaJyoti Life Insurance Company Limited has introduced the ‘Suryajyoti Cares Digital Card’ and ‘SuryaJyoti e-Loan’ services, signaling a significant stride toward digital transformation. The official launch took place on...


USTR Flags LIC’s Sovereign Guarantee; LIC Rejects Claims of Unfair Advantage

New Delhi — The United States Trade Representative (USTR) has raised concerns over what it terms an “uneven playing field” in India’s insurance sector, citing the sovereign guarantee provided to Life Insurance Corporation (LIC). In response, the state-owned insurer...


Eight Life Insurance Companies Announce Bonus Rates for FY 2080/81

Kathmandu – Out of the 14 life insurance companies currently operating in Nepal, eight have announced bonus rates for the fiscal year 2080/81. These companies have disclosed policyholder bonuses based on actuarial valuation and financial performance, following approval from...


Supreme Court Schedules Hearing on Writ Petition Against Insurance Authority Chairman’s Appointment

Kathmandu – The Supreme Court has scheduled a hearing for Chaitra 13 (March 26) on a writ petition challenging the qualifications of Sharad Ojha, who was recently appointed as Chairman of the Nepal Insurance Authority. In an order issued...