Asian Life Insurance Announces Interest Discount on Lapsed Policy Renewals

Kathmandu – Asian Life Insurance Company Limited has introduced a special discount on interest charges for policyholders looking to renew their lapsed insurance policies. The company has launched this initiative for fully expired policies that have exceeded six months...


Minister Paudel Proposes Mobile Recharge Levy to Strengthen Health Insurance Fund

Kathmandu – Health and Population Minister Pradip Paudel has suggested collecting a contribution from mobile recharge payments to make Nepal’s health insurance fund more stable and sustainable. During an inspection visit to Bhagiratha Buddhashanti Hospital in Jhapa on Sunday...


Special Court Clears Former NIA Chairman Surya Prasad Silwal in Corruption Case

Kathmandu – The Special Court has acquitted Surya Prasad Silwal, the former chairman of the Nepal Insurance Authority (NIA), in a corruption case related to allegations of submitting false information regarding his age. The court’s decision came during a...


Life Insurance Policy Surrenders Exceed Eight Billion Rupees In Second-Quarter of Current FY

Kathmandu – Life insurance policy surrenders in Nepal have crossed eight billion rupees by the end of the Magh month (mid-February), reflecting a significant trend of policyholders opting out before the completion of their coverage period. According to data...


Life Insurance Companies in Nepal Sees Growth in Solvency Ratio in Q2 of Current Fiscal Year

Kathmandu – The solvency ratio of life insurance companies in Nepal has reached 2.53 in the second-quarter of current fiscal year. According to the financial statements published by life insurance companies, there has been a slight increase on solvency...


Sun Nepal Insurance Successfully Concludes Agency Skill Enhancement Program

Kathmandu – Sun Nepal Life Insurance has successfully completed its Agency Skill Enhancement Program with grandeur. The program, aimed at enhancing the efficiency and expertise of its agencies, took place at Vision Safari Sauraha, Chitwan, from February 28 to...


More Than Half of Nepal’s Population Lacks Insurance Coverage

Kathmandu – A significant portion of Nepalese population remains outside the insurance network, with 56.06% of people not accessing any insurance services, according to the recent data from the Nepal Insurance Authority (NIA). As of end of the Magh...


Citizen Life Insurance Announces 8th Annual General Meeting

Kathmandu – Citizen Life Insurance Company Limited has scheduled its 8th Annual General Meeting (AGM) for March 28, 2025. The company’s board of directors, in a meeting held on February 28, decided to hold the AGM at Amrapali Banquet,...


Himalayan Life Insurance Successfully Concludes Branch Manager Conference

Kathmandu – Himalayan Life Insurance has successfully completed its Branch Manager Conference. The event took place at Yellow Pagoda Hotel, Kathmandu, with the participation of branch managers from across the country. During the program, the company’s Chief Executive Officer...


Life Insurance Corporation (Nepal) Limited Distributes Auction Shares

Kathmandu – Life Insurance Corporation Limited (LIC Nepal) has started the distribution of shares from its auction from yesterday (Feburary 27), which was open for sale from Feburary 3 to February 17. The allotment of shares was made at...