Insurance companies pay Rs 58 billion in claims, 178,000 claims still outstanding

Kathmandu — In the first 10 months of fiscal year 2025/26, life and non-life insurance companies have paid out nearly Rs 58 billion in claim settlements. According to data published by the Nepal Insurance Authority for the period up...


More Than NPR 4 Billion Misappropriated from Five Insurance Companies, Including Himalayan Reinsurance

Kathmandu — A police investigation has concluded that more than NPR 4 billion was misappropriated from five insurance-related companies, including Himalayan Reinsurance. The investigation has also found that funds collected from insurance operations were diverted and invested in the...


Micro Non-Life Insurers Write Rs 1.10 Billion in Premiums Over 10 Months; Protective Leads, Trust Trails

Kathmandu – Nepal’s four micro non-life insurance companies generated a combined Rs 1.10 billion in gross written premiums during the first ten months of fiscal year 2025/26 (up to mid-May 2026), reflecting continued expansion of insurance access in the...


Microfinance Sector Profits Surge 43%; 40 Companies Report Growth While 10 See Decline

Kathmandu — Most microfinance financial institutions in Nepal have reported a strong improvement in earnings by the third quarter of fiscal year 2025/26 (2082/83). According to the unaudited financial statements released by all 50 listed microfinance companies, the sector’s...


Department of Money Laundering Investigation Reports Guardian Micro Life and Protective Micro Chairmen Unreachable

Kathmandu — The chairmen of Guardian Micro Life Insurance and Protective Micro Insurance have reportedly become unreachable amid an ongoing investigation into insurance company share investments. The Department of Money Laundering Investigation has already directed the chairpersons and shareholders...


Balen Government Amends Two Provisions of Insurance Act; What Does the Ordinance Say?

Kathmandu — The government has amended two provisions of the Insurance Act, 2022 through an ordinance issued yesterday to revise several Nepal Acts. The amendment removes the previously fixed four-year tenure for members under Section 9 of the Act....


Profit of a Dozen Microfinance Institutions Rises by 49%, Two See Decline

Kathmandu — Out of the 50 microfinance financial institutions listed on the Nepal Stock Exchange, 11 have so far published their financial statements for the third quarter of the current fiscal year 2025/26 (up to mid-April 2026). The disclosed...


Himalayan Laghubitta Posts Strong Profit Growth; Distributable Profit Up 49%

Kathmandu – Himalayan Laghubitta Financial Institution has released its financial results for the third quarter of the current fiscal year, covering the period up to mid-April. The company reported a net profit of NPR 81 million for the period,...


Protective Micro Insurance License Under Scrutiny; Revocation Likely if Probe Confirms Irregularities

Kathmandu — Protective Micro Insurance Company is facing serious allegations of obtaining its operating license through fraudulent means, raising the possibility of cancellation if an official investigation substantiates the claims. The company is accused of securing a microinsurance license...


Home Minister Gurung Allegedly Paid a Rs. 50 Per Share Bribe to Acquire Star Micro Shares

Kathmandu — Reports had repeatedly surfaced on Beemapost alleging that shares of micro-insurance companies were sold through bribery arrangements, with payments reaching up to Rs. 200 per share under the tenure of then–Nepal Insurance Authority Chairman Surya Prasad Silwal....