UN High Commissioner for Human Rights, Volker Turk, delivered the stark warning at the UN Human Rights Council this week, as parts of southern Europe sweltered under a red-alert heatwave. With temperatures hitting 41°C in cities like Brussels and...

Kathmandu – Sun Nepal Life Insurance Company Limited has officially announced new bonus rates for its life insurance policyholders following the approval of its actuarial valuation report by the Nepal Insurance Authority on Ashar 15 (June 29). The newly...

Kathmandu – Life insurance companies in Nepal are still struggling to recover more than Rs 700 million in loans disbursed to their insurance agents, raising concerns about compliance with regulatory directives and financial discipline within the industry. According to...

Kathmandu – Nepal’s life insurance sector has witnessed a notable rise in premium income, with a monthly growth of 11.41 percent recorded in the month of Jestha (mid-May to mid-June), according to the latest report released by the Nepal...

Kathmandu – Suryajyoti Life Insurance Company Limited’s Narayanghat Branch has entered into an agreement with Sunaulo Savings and Credit Cooperative Society Ltd., Kalika-6, Chitwan, for the provision of credit insurance services. The agreement was formalized during a special event...

Kathmandu – The Health Insurance Board has decided to remove private hospitals from the list of first point of care centers under the national health insurance program, effective from Shrawan 1 (July 17). This move comes by Sub-section (6)...

Kathmandu – The six-month lock-in period for 112,500 shares of Guardian Micro Life Insurance’s mutual fund is set to expire on Shrawan 4 (July 20). These shares were locked in following regulatory provisions that require mutual fund allotments from...

Kathmandu — Sun Nepal Life Insurance has successfully conducted a special training program focused on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT). The event was held in a grand setting at a hotel in Dhulikhel, bringing together...

Kathmandu — Nepal’s life insurance sector has witnessed a strong rise in new business, earning Rs 34.09 billion in first premiums by mid-June of the current fiscal year. According to data published by the Nepal Insurance Authority on Sunday,...

Kathmandu — Life insurance companies in Nepal have earned Rs 119.96 billion in renewal premiums over the first 11 months of the current fiscal year, reflecting a 13.11 percent increase compared to the same period last year. The data...