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...

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....

Kathmandu — Nepal’s insurance regulator, Insurance Authority Nepal, has come under scrutiny for remaining inactive despite clear evidence that shareholdings in microinsurance companies exceed the legal cap of 15% for a single individual or family. The lack of action...

KATHMANDU — Fresh controversy has emerged in Nepal’s insurance sector after reports revealed that Home Minister Sudan Gurung holds shares in Star Micro Insurance Company, a firm allegedly established through irregular licensing practices. The issue traces back to the...

Kathmandu – The government led by Balen has decided to expand the jurisdiction of the anti-corruption authority to allow strict investigation of corruption in the private sector. The proposal is included in the draft Anti-Corruption Strategy for 2025 to...

Kathmandu — Samata Gharelu Laghubitta Bittiya Sanstha Limited has informed that 5 percent bonus shares have been credited to the beneficiary (demat) accounts of its shareholders. The 5 percent bonus shares, approved by the company’s 12th Annual General Meeting...

Kathmandu — The Fifth National Microfinance Members’ Conference 2082 has wrapped up in the capital, ending with a nine-point declaration that sets out a forward-looking agenda for the sector. Over two days, participants emphasized expanding entrepreneurship through microfinance and...

Kathmandu – Guardian Micro Life Insurance Limited has successfully held its third Annual General Meeting (AGM) on Poush 14, 2082 BS. The meeting took place at Hotel Airport, Biratnagar, Morang, under the chairmanship of Company Chairman Udip Shrestha. During...

Kathmandu – Liberty Micro Life Insurance has reported a strong financial performance in the first quarter of the current fiscal year, earning a net profit of Rs 21.66 million. This marks a 104.73 percent increase compared to the Rs...

Kathmandu – Guardian Micro Life Insurance Limited has published its first-quarter financial results for the current fiscal year, reporting a notable rise in profitability. According to the statement, the company’s net profit has increased by 33.66 percent compared to...