Kathmandu – Nepal Professionals Society (NIPS) Lumbini Chapter organized a farewell and welcome program for the outgoing and incoming Lumbini Region Chiefs of Nepal Insurance Authority (NIA). The event marked the farewell of Purna Bahadur Thapa, who served as...

Kathmandu – The stock market witnessed a double-digit decline on Wednesday, with the NEPSE index falling by 14.88 points to close at 2682.15 points. The drop was driven largely by a significant decrease in the prices of insurance company...

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...

Kathmandu – Reliable Nepal Life Insurance Limited has announced a 100% discount on late fees for renewing expired insurance policies. The company informed that policyholders who have yet to pay their premiums can take advantage of this offer if...

Kathmandu – Suryajyoti Life Insurance has settled insurance claims amounting to Rs 548.2 million up to the month of Falgun (mid-March) of the current financial year. The company processed a total of 1,556 insurance claims during this period. Last...

Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced the sale of 274,201 founder shares, registered under the names of five different founder shareholders. The company had initially offered these shares to its existing founder shareholders. However, after...

Kathmandu – Sun Nepal Life Insurance has received approval from the Nepal Securities Board to issue 27% rights shares. The company will offer 10,696,320 shares to existing shareholders in a 1:0.27 ratio. The rights shares will be issued at...

Kathmandu – Reliable Nepal Life Insurance Company Limited has announced new bonus rates following the approval of its financial status and liability assessment report by the Nepal Insurance Authority on March 10. The revised bonus rates apply to various...

Kathmandu – Life Insurance Corporation (Nepal) Limited has reappointed Komal Agrawal as a member of its Board of Directors. Aggarwal, who represents the common shareholders on the board, had completed her term on March 9. Following a board meeting...

Kathmandu – Nepal Life Insurance has appointed Bimal Prasad Dhakal, Krishna Raj Lamichhane, and Sharmila Shrestha Maharjan as directors. The appointments were made following the decision of the company’s 25th Annual General Meeting, held on Chaitra 2 (March 15)...