Kathmandu – Life insurance companies in Nepal have reported significant growth in renewal insurance premiums during the first four months of the current fiscal year 2081/082. According to the Nepal Insurance Authority, 14 life insurance companies collectively earned Rs....

Kathmandu – Nepal’s life insurance industry has demonstrated remarkable growth, with companies collectively earning over half a billion rupees in premiums by the end of Kartik (mid-November). According to data from the Nepal Insurance Authority, the total premium collection...

Kathmandu – The Nepal Insurance Authority has introduced a new directive towards  a risk-based capital (RBC) and Solvency framework for life and non-life insurance companies. This move replaces the directive issued in 2022 and aims to better align capital...

Kathmandu – Pawan Kumar Khadka has officially assumed the role of Chief Executive Officer (CEO) at IME Life Insurance Company. The company’s board of directors finalized his appointment during a meeting on November 28. Khadka, an experienced professional in...

Kathmandu – The Nepal Insurance Authority (NIA) is actively working to enhance insurance accessibility and awareness in rural areas. Targeting local governments, the NIA aims to educate citizens on the benefits and importance of insurance, especially in agriculture and...

Kathmandu – Three insurance companies in Nepal are currently operating without a Chief Executive Officer (CEO), highlighting ongoing leadership challenges in the sector. Among them, IME Life has initiated the process to appoint a CEO and has submitted its...

Kathmandu – On Wednesday, the Nepal Stock Exchange (NEPSE) witnessed a notable rise, with the index climbing 38.81 points to close at 2755.47. This significant uptick was fueled by a strong performance in the insurance sector, where the share...

Kathmandu – The Nepal Insurance Authority (NIA) has intensified its oversight of insurance companies following significant discrepancies between their audited and unaudited financial reports. The regulatory body has warned of strict actions, including financial penalties, if differences exceeding 10%...

Kathmandu – Life Insurance Corporation (LIC Nepal) has officially opened its right share issue. The right share is being issued at a ratio of 1:0.8845, meaning shareholders will receive 88.45 percent of new shares for every existing share they...

Kathmandu – SuryaJyoti Life Insurance Company Limited has unveiled a new bonus rate for the fiscal year 080/081, as per the insurance valuation report approved by the Nepal Insurance Authority. The revised bonus rates apply to various life insurance...