Himalayan Reinsurance to Manage Foreign Employment Insurance Fund Under New Directive

Kathmandu — In a significant policy shift, the Nepal Insurance Authority has entrusted Himalayan Reinsurance with the exclusive management of the foreign employment term life insurance fund for the next four years. The decision marks a move toward centralized...


Suryajyoti Life Insurance Celebrates 17th Anniversary, Highlights Milestones and Future Goals

Kathmandu — SuryajJyoti Life Insurance Company, known for leading Nepal’s first successful merger in the life insurance sector, marked its 17th anniversary with a grand celebration, reaffirming its commitment to innovation, service quality, and employee development. The event was...


Saudi, IMF, and World Bank Chiefs Reaffirm Commitment to Syria’s Economic Recovery

Wasington DC – In the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), a high-level roundtable on Syria was co-hosted by Saudi Arabia’s Finance Minister Mohammed AlJadaan, IMF Managing Director Kristalina Georgieva,...


Asian Life Insurance Offers Up to 100% Discount on Interest for Expired Policy Renewals

Kathmandu – In a bid to encourage policyholders to renew their lapsed insurance plans, Asian Life Insurance Company Limited has announced a special discount scheme, offering up to 100 percent waiver on the interest charged for expired policy renewals....


Suryayoti Life Reports Strong Q3 Growth, Net Profit Rises Nearly 32%

Kathmandu – SuryaJyoti Life Insurance Company Limited has posted a significant financial performance in the third quarter of the current fiscal year, reflecting consistent growth across key indicators. According to the company’s financial statement made public on Friday, the...


South Korea Accuses Chinese AI Firm DeepSeek of Unauthorized Data Transfers

South Korea’s data protection authority has accused Chinese artificial intelligence service DeepSeek of illegally transferring Korean users’ personal information to companies in China and the United States without consent. The accusation was made public on Thursday following an investigation...


More Russian Insurers Seek Indian Approval For Oil Tanker Coverage

Moscow/ New Delhi (Reuters) – As Western sanctions continue to tighten around Russia’s oil export mechanisms, three additional Russian insurance firms including a subsidiary of Russia’s largest lender, Sberbank have approached Indian authorities seeking approval to provide marine insurance...


Sun Nepal Life Announces Date for Right Shares Issuance

Kathmandu – Sun Nepal Life Insurance Company Limited is set to issue right shares from Baisakh 30 (May 13), following approval from the Securities Board of Nepal (SEBON). The company will offer a total of 10,696,320 units of right...


SuryaJyoti Life Enters 18th Year, Celebrates 17 Years of Service Nationwide

Kathmandu – SuryaJyoti Life Insurance Company has entered its 18th year of operation, marking the occasion with grand celebrations across its branch, provincial, and central offices. The company, which officially began its life insurance services on Baisakh 11, 2064...


Citizen Life Concludes Specialized Training to Boost Agent Performance

Kathmandu – Citizen Life Insurance Company Limited conducted a specialized training and motivational session for its agents at the company’s head office in Thapathali yesterday (April 24). The program was organized with the objective of helping agents achieve their...