Special Insurance Policy Needed for Hydropower Sector, Says Baidwar

Kathmandu — Nepal Insurers’ Association President Birendra Baidwar Chhetri has emphasized the urgent need for a specialized insurance policy tailored for the hydropower sector, citing the unique risks and requirements associated with it. Speaking at a program held to...


Insurance Authority Committed to Hydropower Reform, Says Chairman Ojha

Kathmandu – Chairman of the Nepal Insurance Authority, Sharad Ojha, has assured that the regulatory body is actively working to address the challenges in hydropower insurance and bring about swift reforms to ensure smoother operations in the sector. Speaking...


NIRMA Celebrates Sixth Anniversary by Honoring Key Supporters and Members

Kathmandu – The Nepal Insurance and Risk Management Association (NIRMA) celebrated its sixth anniversary by honoring individuals and organizations that have significantly contributed to its growth and success. At a special ceremony held in Kathmandu, the Chairman of Nepal...


Prabhu Mahalaxmi Life Offers Up to 75% Discount on Late Fees for Lapsed Policy Renewals

Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has announced a special limited-time offer, providing up to 75 percent discount on late fees for the renewal of lapsed insurance policies. This initiative will be in effect from Ashad 4 to...


Rastriya Jeevan Beema Company to Conduct Basic Training for Life Insurance Agents in Kathmandu

Kathmandu —Rastriya Jeevan Beema Company Limited has announced a three-day basic training program for aspiring life insurance agents. The training is scheduled to take place in Kathmandu from Ashad 22 to 24 (July 6 to 8). Interested individuals are...


Life Insurance Companies Pay Nearly Rs 49 Billion in Claims, But Arrears Nearly Double

Kathmandu – Life insurance companies operating in Nepal have paid insurance claims totaling nearly Rs 49 billion by the end of Baisakh (mid-May) month in the current fiscal year, according to the Insurance Authority of Nepal. The cumulative amount...


Last Day to Apply for Sun Nepal Life Insurance Right Shares

Kathmandu – Today marks the final day for shareholders of Sun Nepal Life Insurance Company Limited to apply for the company’s ongoing right share offering, which has been open to the public since Baisakh 30 (May 13). The company...


Nepal Insurance Authority Reviews One Year of RBC Implementation, Calls for Stronger Investment Practices and Timely Compliance

Kathmandu — The Nepal Insurance Authority held an interactive session on Monday to mark one year since the implementation of the Risk-Based Capital (RBC) framework in the Nepali insurance sector. The event brought together key stakeholders, including CEOs of...


National Life Waives Late Fee on Policy Revival for a Limited Time

Kathmandu  – National Life Insurance Company has announced a waiver on late fees for the revival of lapsed insurance policies. The offer is valid until Ashar 20 from today. The company stated that customers who complete the revival process...


Aryan Khan of Prabhu Mahalaxmi Life Insurance Selected as MDRT for 2026

Kathmandu — Aryan Khan, Chief Agency Manager and member of the President’s Club at Prabhu Mahalaxmi Life Insurance, has been selected as a member of the Million Dollar Round Table (MDRT) for the year 2026. This marks the fifth...