Kathmandu – Guardian Micro Life Insurance Limited has opened its Initial Public Offering (IPO) for sale to the general public from January 5, 2025, receiving an overwhelming response from investors. According to CDS and Clearing Limited, 448,569 applicants have...

Kathmandu – Non-life insurance companies in Nepal have received claims amounting to Rs 12.88 billion due to the devastation caused by recent floods and landslides. According to the Nepal Insurance Authority, 3,673 claims have been filed as of December...

Kathmandu – Nepal Insurance Authority has announced a new provision allowing insurance companies to purchase non-real estate fixed assets without requiring regulatory approval. However, the board has imposed stricter regulations on investments in high-risk areas. As per the draft...

Kathmandu – Life microinsurance companies in Nepal have earned approximately Rs 405 million in insurance premiums during the first five months of the current fiscal year 2081/82, according to data released by the Insurance Authority. The three microinsurance companies...

Kathmandu – Guardian Micro Life Insurance’s Initial Public Offering (IPO) for Nepalese working abroad has received applications worth NPR 258.3 million, reflecting a strong response from investors. According to CDS, a total of 47,659 applicants submitted requests for 2,583,440...

Kathmandu – The Nepal Insurance Authority is preparing to introduce a significant hike in the license fees for new insurance companies. Currently, the license fee to register a new company stands at Rs 50,000, as mandated by the Insurance...

Kathmandu – The Nepal Insurance Authority in Gandaki Province disbursed over Rs 230 million in agricultural insurance claims during the fiscal year 2080/81. According to the authority, a total of Rs 232.9 million was paid to policyholders, reflecting the...

Kathmandu – Guardian Micro Life Insurance Limited has commenced the first phase of its Initial Public Offering (IPO) from December 4, issuing 2.25 million ordinary shares worth Rs 225 million. This represents 30 percent of its total issued capital...

Kathmandu – The scope of term life insurance, mandated by the government, has expanded significantly, driven by the rising number of Nepalese seeking employment abroad due to limited opportunities at home. By the end of Kartik (Mid-November) of the...

Kathmandu – The Nepal Insurance Authority (NIA) is actively working to enhance insurance accessibility and awareness in rural areas. Targeting local governments, the NIA aims to educate citizens on the benefits and importance of insurance, especially in agriculture and...