Insurance Authority Tightens Oversight of 28 Insurers Amid Growing Concerns

Kathmandu – The Nepal Insurance Authority has ramped up regulatory oversight on 28 insurance companies following growing concerns over policy violations, especially among non-life insurers. The Authority has completed on-site supervision of 12 companies and plans to finish two...


Himalayan Life Offers Up to 100% Discount on Renewal of Expired Policies

Kathmandu — Himalayan Life Insurance Company Limited has announced a special discount scheme on the renewal of expired life insurance policies, including those issued by the former Prime Life, Union Life, and Gurans Life Insurance. According to the company,...


Asian Life Insurance to Hold 17th AGM, Announces Bonus and Cash Dividends

Kathmandu – Asian Life Insurance Company Limited has announced it will hold its 17th Annual General Meeting (AGM) on Monday, Ashar 30 (July 14). The decision was made during a recent board meeting. The AGM is scheduled to take...


Delays in Annual General Meetings Raise Concerns Among Insurance Investors

Kathmandu — A growing number of insurance companies in Nepal have yet to hold their annual general meetings (AGMs), leaving shareholders waiting for financial updates and returns. Even as the current fiscal year nears its end, nine companies are...


Health Insurance to Be Made Mandatory for Nepalis Going Abroad for Employment

Kathmandu — The government has initiated formal steps to make health insurance mandatory for Nepali citizens traveling abroad for employment. Although the Health Insurance Act, 2074 had already included a provision under Section 3 requiring public servants and the...


Himalayan Life Insurance to Hold 18th AGM, Proposes 8% Cash Dividend

Kathmandu — Himalayan Life Insurance Limited is set to convene its eighteenth annual general meeting (AGM) on Ashar 10, 2082 (June 24, 2025). The meeting will begin at 10:30 AM at Amrapali Banquet, Naxal, as per the decision made...


Prabhu Mahalaxmi Life Insurance and Chirayu Hospital Forge Strategic Partnership to Enhance Healthcare and Insurance Access

Kathmandu — In a move aimed at bridging the gap between healthcare services and financial protection, Prabhu Mahalaxmi Life Insurance Company Limited and Chirayu National Hospital and Medical Institute have signed a strategic partnership agreement. The agreement was officially...


Shamsher Parajuli Appointed Director of Prabhu Mahalaxmi Life Insurance

Kathmandu — Shamsher Parajuli has been appointed as the director of Prabhu Mahalaxmi Life Insurance Company Limited. The appointment was made during the company’s board of directors meeting held on Ashar 20 (July 4). Parajuli will represent the general...


Asian Life Insurance to Issue 42% Right Shares

Kathmandu – Asian Life Insurance Company Limited is set to issue 42 percent right shares to its existing shareholders starting from Ashar 25 (July 9). The company has received final approval from the Securities Board of Nepal (SEBON) to...


Nepal Life Partners with Kathmandu Metropolitan City for ‘Skill Fair 2082’

Kathmandu – Nepal Life Insurance Company has partnered with Kathmandu Metropolitan City (KMC) as an institutional collaborator in the ongoing Skill Fair 2082, reinforcing its commitment to corporate social responsibility and youth empowerment. The Skill Fair aims to upskill...