Kathmandu — MetLife Nepal, in collaboration with the Kankai Sahara Snakebite Treatment Center in Jhapa, has launched a Corporate Social Responsibility (CSR) initiative aimed at addressing the growing threat of snakebites in the region. Snakebites remain a significant public...

Kathmandu — Life insurance companies in Nepal invested more than Rs 757.26 billion during the last fiscal year (FY 2081/82), according to financial statements released by the Nepal Insurance Authority. The figure highlights the growing trend of insurers diversifying...

Kathmandu — Life insurance companies in Nepal collectively spent more than Rs 14.80 billion on agent commissions in the last fiscal year (FY 2081/82), marking a 14.07 percent increase compared to Rs 12.98 billion in the previous year, according...

Kathmandu — IME Life Insurance Company has provided CCTV cameras to Lainchaur Youth Club as part of its corporate social responsibility initiative. The handover program was organized to coincide with the company’s eighth anniversary. According to the company, the...

Kathmandu – At first glance, Shiva Kumar Shrestha might appear to be just another self-employed transport entrepreneur. But in recent years, his identity has expanded far beyond the roads of Kathmandu. Today, Shrestha is making his mark as a...

Kathmandu – Nepal’s life insurance companies have seen a significant rise in claim payouts, with all 14 operating life insurance companies disbursing a total of Rs 78.72 billion in the last fiscal year (FY 2081/82). This marks a 19.20...

Kathmandu – Sun Nepal Life Insurance Limited has organized a training program on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) to enhance employee capacity and ensure compliance with regulatory standards. The training was facilitated by Subash...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the sale of 11,858 units of promoter shares owned by its promoter shareholder, Ram Prasad Acharya. As per regulatory provisions, priority will be given to existing promoter shareholders of the...

Kathmandu – The government has formally dismissed the suspended Chairman of the Nepal Insurance Authority, Sharad Ojha, less than six months after his appointment. According to a source close to the Cabinet, the decision was made at a Cabinet...

Kathmandu – The life insurance industry in Nepal reported solid growth in the last fiscal year, with all 14 life insurers reporting higher earnings. According to the fourth-quarter financial statements for FY 2081/82, the sector’s total net insurance premiums...