IGI Prudential and Alka Hospital Ink Deal for Cashless Treatment Services

Kathmandu – IGI Prudential Insurance Limited has signed an agreement with Alka Hospital, Jawalakhel, Lalitpur, to provide cashless hospitalization services to its policyholders. The agreement was formalized by Sharan Regmi, Deputy Chief Executive Officer of IGI Prudential Insurance Limited,...


Life Insurance Premium Income Rises 12.25% in First Quarter of 2082/83

Kathmandu – All 14 life insurance companies have published their first quarter financial statements for the current fiscal year, revealing a 12.25 percent growth in total life insurance business compared to the same period last fiscal year. By the...


Life Insurance Agents Receive Rs 3.59 Billion in Commission in First Quarter

Kathmandu – Life insurance agents across the country received a total commission of Rs 3.59 billion in the first three months of the current fiscal year, according to the latest industry data. This marks a 10.52 percent increase compared...


Shikhar Insurance Marks 21st Anniversary With Blood Donation Drive

Kathmandu – Shikhar Insurance Company has organized a blood donation program on the occasion of its 21st anniversary, reinforcing its commitment to corporate social responsibility. The event, held at the company’s head office in Thapathali, saw enthusiastic participation from...


Shikhar Insurance Becomes First in Nepal to Publish Financial Statements Under NFRS 17

Kathmandu – Shikhar Insurance has prepared and published its first-quarter financial statements for the fiscal year 2082/83 in full compliance with the Nepal Financial Reporting Standard 17 (NFRS 17), Insurance Contracts. With this, Shikhar Insurance has become the first...


Himalayan Reinsurance Reports Growth in First-Quarter of FY 2082/83

Kathmandu – Himalayan Reinsurance has released its financial report for the first quarter of fiscal year 2082/83, showing notable progress across key financial indicators, including profit, premium income, and reserve expansion. The company posted a profit of Rs 245.81...


Liberty Micro Life Insurance Reports 104% Surge in Net Profit in Q1

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...


Guardian Micro Life Insurance Sees 33.66% Surge in First-Quarter Profit

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...


Gen-Z Movement Pushes Nepal’s Non-Life Insurers into Heavy Losses in Q1

Kathmandu – The Gen-Z movement on Bhadra 23 and 24 has dealt a significant blow to Nepal’s non-life insurance sector, with most companies reporting steep losses in the first quarter of the current fiscal year. Out of 14 active...


United Ajod Insurance Reports Strong Premium Growth in First Quarter

Kathmandu — United Ajod Insurance Limited has published its first-quarter financial statement for the current fiscal year 2082/83, showcasing strong growth in key business indicators, including insurance premium income and customer expansion. The company’s net insurance premium increased by...