Insurance Scope Shrinks, Business Surpasses Rs 1 Trillion

Kathmandu – Despite government efforts to expand insurance coverage, the scope of life insurance in Nepal has narrowed, with only 16.81% of the population covered as of end of the Poush month in the current fiscal year. This marks...


National Life Insurance Hosts “Leader’s Night with Bhushan Dahal” for Top Agents

Kathmandu – National Life Insurance Company Limited recently organized a two-night, three-day event titled “Leader’s Night with Bhushan Dahal” at Hotel Seven Star, Sauraha, Chitwan. The program recognized and celebrated the achievements of agents who excelled under the Agent...


Chairman Dahal Calls on Insurance Companies to Prioritize Anti-Money Laundering Efforts

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...


NIPS Forms Sudurpashchim Level Committee

Kathmandu – The Nepal Insurance Professional Society (NIPS) has established a 12-member working committee in Sudurpashchim Province, led by Ganesh Bahadur Saud of Asian Life Insurance. The committee was formed during a meeting of provincial and regional heads of...


MetLife Nepal Launches Ear Health Program for Schoolchildren

Kathmandu – MetLife Nepal, in partnership with Ear Care Nepal, is set to launch a 10-week “School Ear Health Program” targeting 2,400 students from government schools in Kathmandu, Bhaktapur, and Lalitpur districts. The initiative aims to identify, prevent, and...


Foreign Employment Insurance Generates Rs 1.66 Billion in Six Months

Kathmandu – Life insurance companies in Nepal have collected Rs 1.66 billion in premiums from foreign employment insurance policies in the first six months of the current fiscal year. As per the Nepal Insurance Authority, 14 life insurance companies,...


Sun Life Insurance Offers Up to 75% Discount on Renewal of Expired Policies

Kathmandu – Sun Life Insurance Company has announced a special discount of up to 75% on the interest charged for renewing expired insurance policies. The company stated that this limited-time offer will be available from January 23 to 31....


Micro Insurance Premiums Reach Rs 1.28 Billion in Second Quarter, National Life Leads

Kathmandu – Life insurance companies in Nepal have collectively amassed Rs 1.287 billion in premiums through micro insurance policies during the first six months of the current fiscal year, as per the Nepal Insurance Authority’s recent report. National Life...


Life Insurance Policies Worth Rs 7.46 Billion Surrendered in Six Months

Kathmandu – The surrender of life insurance policies in Nepal has reached a significant figure, with policies worth Rs 7.46 billion being surrendered by the end of the Poush month (mid-January). According to the latest data from the Nepal...


Nepal Life Insurance Urges Policyholders to Claim Pending Payments

Kathmandu – Nepal Life Insurance Company Limited has reaffirmed its commitment to swift and efficient claim processing for its policyholders, whether for claim settlements or maturity payments. In line with this, the company has issued a crucial notice urging...