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...

Kathmandu – Crest Micro Life Insurance Company Limited has appointed Binod Narsingh Shrestha as its new independent director. The decision was taken during the company’s 39th board meeting, held on the afternoon of Kartik 23 (November 10), to fill...

Kathmandu: Micro non-life insurance companies in Nepal have collected a total insurance premium of more than Rs 268.1 million in the first quarter of the current fiscal year 2082/83 (Shrawan to Ashoj), according to data released by the Nepal...