Life Insurance Companies are surviving through Term Insurance only which is made mandatory by Government, Then what is the actual condition?

Kathmandu: Life insurance companies are running their business through term life insurance policies mandated by the government. Currently operating life insurance companies have sold the highest number of term insurance policies in the month of October/November. This insurance policy...


100 Thousand Rupees Insurance Claim Payment provided by National Life Insurance

Kathmandu: National Life Insurance Company has paid the death claim to the family of Govinda B.K of Rukum. The Rukum West branch of the company has given a cheque of 119 thousand 593 rupees to the family of Govinda...


Payment of Insurance Claims provided by Citizen Life Insurance, Itahari

Citizen Life Insurance Company Tarahara branch has paid 745 thousand 940 rupees for the insurance claim. The company decided to handover the amount after Udesh Rai of Itahari of age 19 committed suicide. Udesh had made his insurance of...


Critical Illness and Death Claim Payment provided by Citizen Life in a same day

Kathmandu: Citizen Life Insurance Company Limited has paid insurance claims for fatal disease and death on the same day.  The Bijuwar branch of the company organized a program and handed over Rs.957 thousand for terminal illness and Rs.1.4 million...


Prabhu Mahalakshmi Life will issue 17 percent right shares till to December 29

Kathmandu : The 6th Annual General Meeting of Prabhu Mahalakshmi Life Insurance Limited will be held on 29th of January. In the general meeting held at Arpan Byangkwet Baneshwar, there is an agenda to pass the annual report of...


The life insurance company increased investment in the stock market, investing 88 billion rupees in shares and debentures

Kathmandu : Nepal Insurance Authority has increased the investment of life insurance companies in shares and debentures. In the first quarter of the current financial year, life insurance companies have invested 88 billion rupees in shares and debentures. By...


Shock to Health Minister Basnet after suspension of Health Insurance Board Executive Director Basaula overturned by Supreme Court

Kathmandu : Supreme Court has given an interim order not to implement the ministerial decision to suspend Health Insurance Board Executive Director Dr. Damodar Basaula. An interim order has been issued by the joint bench of Judges Hari Prasad...


Life Insurance Companies has increased their Investment in Share Market

Kathmandu : Nepal Insurance Authority data shows that the investment of life insurance companies in shares and debentures has increased this fiscal year. In the first quarter of the current financial year, life insurance companies have invested 88 billion...


Insurance Claim Payment Provided by Himalayan Everest Insurance

Kathmandu : Himalayan Everest Insurance has paid the insurance claim. The company has paid the insurance claim of the tempo driver resident of Phidim, headquarter of Panchthar District in Koshi Province. The company has paid an insurance claim of...


Sitaram Thapa and Sandeep Chhetri elected as Members of Board of Directors of IME Life

Kathmandu: IME Life Insurance Company Limited has selected two people namely Sitaram Thapa and Sandeep Chhetri as members of the Board of Director The decision of the board of directors’ meeting elected them to the vacant directorship on 20th...