Ministry of Finance Sets Deadline for Rastriya Jeewan Beema Company Audit

Kathmandu – The Ministry of Finance has instructed Rastriya Jeewan Beema Company Limited to finalize its pending audits within four months. The directive was issued during a meeting at the Ministry of Finance, led by Deputy Prime Minister and...


Vice President Yadav Urges Qatar for 24-Hour Insurance for Nepali Workers

Kathmandu – Vice President Ram Sahaya Prasad Yadav has urged the Qatari government to introduce 24-hour insurance coverage for Nepali migrant workers and extend humanitarian support to those facing difficulties in Qatar. During a meeting with Qatari Ambassador to...


Stock Market Gains 19.97 Points, Insurance Sector Shows Positive Momentum

Kathmandu – On Monday, the NEPSE index rose by 19.97 points, reaching 2,758.04 by the close of trading. The stock market’s performance marked a positive trend, with noticeable gains in the insurance sector. Both the Life Insurance Index and...


Life Insurance Companies Earn Rs 53.69 Billion Across Nepal

Kathmandu – Life insurance companies operating in Nepal have collectively earned Rs 53.69 billion across all seven provinces as of Kartik month this fiscal year. This revenue stems from various insurance categories, including term insurance, advance payment term insurance,...


LIC Nepal Hosts Grand Chairman Club Conference 2024

  Kathmandu – Life Insurance Corporation Limited has successfully concluded its ‘Chairman Club Conference, 2024’ on Sunday at the Soaltee Hotel in Kathmandu. The event celebrated and honored agents who achieved exceptional business performance in the last fiscal year....


Foreign Employment Drives Growth in Nepal’s Term Life Insurance Market

Kathmandu – The scope of term life insurance, mandated by the government, has expanded significantly, driven by the rising number of Nepalese seeking employment abroad due to limited opportunities at home. By the end of Kartik (Mid-November) of the...


Life Insurance Companies Report 45% Growth in Renewal Premiums

Kathmandu – Life insurance companies in Nepal have recorded significant growth in renewal insurance premiums, earning Rs. 9.76 billion in the month of Kartik (Mid-October to Mid- November), marking a 45.10% increase compared to the same period last fiscal...


Life Insurance Companies Report Rs. 12.31 Billion in Monthly Business

Kathmandu – Nepal’s life insurance sector has achieved remarkable growth, reporting a business turnover of Rs. 12.31 billion in just one month. According to data from the Nepal Insurance Authority, this marks a 42.60% increase compared to the same...


Life Insurance Business Surge by 8% Growth, Earning Rs 53.39 Billion

Kathmandu – Nepal’s life insurance industry has witnessed an 8% growth in business compared to last year, earning a total insurance premium of Rs. 53.39 billion by the end of Kartik month (Mid-Novemvber) in the current fiscal year. Data...


Life Insurance Companies Earn Rs. 2.25 Billion in New Premiums

Kathmandu – Life insurance companies in Nepal have achieved impressive growth in new business, earning Rs. 2.25 billion in first insurance premiums during the month of Kartik (Mid- November). According to data from the Nepal Insurance Authority, the 14...