MetLife and Ncell Launch Insurance-Linked Data Packs to Promote Financial Inclusion

Kathmandu – In a first-of-its-kind initiative, Ncell and MetLife Nepal have jointly introduced a new service called “Data along with Life Insurance”, allowing customers to access both mobile data and insurance coverage through a single package. Under this innovative...


Life Insurance Companies’ New Business Grows by Nearly 16.95% in First Quarter

Kathmandu – Nepal’s life insurance sector has witnessed steady growth in new business during the first quarter of the current fiscal year 2082/83, collecting a total of Rs 9.54 billion in new premiums by the end of Ashoj, according...


Renewal Premium Income of Life Insurance Companies Rises by Over 20% in First Quarter

Kathmandu – Life insurance companies in Nepal have collected Rs 39.68 billion in renewal insurance premiums during the first quarter of the current fiscal year 2082/83, marking a significant 20.55% increase compared to the same period last year. According...


Life Insurance Business Grows Nearly 20% in First Quarter; IME, Citizen, and Reliable Lead in Growth

Kathmandu – Nepal’s life insurance industry has witnessed a robust 19.84% growth in total premium collection during the first quarter of the current fiscal year 2082/83, according to the Nepal Insurance Authority (NIA). As per data published by the...


Life Insurance Companies Earn Over Rs 49 Billion in Premiums in First Quarter

Kathmandu – Life insurance companies in Nepal collected a total insurance premium of Rs 49.22 billion during the first quarter of the current fiscal year 2082/83, according to data released by the Nepal Insurance Authority (NIA). Among the companies,...


National Life Contributes Rs 10 Million to Government’s Infrastructure Reconstruction Fund

Kathmandu – Additional financial support has been raised from the insurance sector for the Physical Infrastructure Reconstruction Fund established by the Government of Nepal. National Life Insurance Company Limited on Tuesday handed over a cheque of Rs 10 million...


Non-Life Insurance Sector Grows by 11.14 Percent in First Quarter

Kathmandu – The business of non-life insurance companies in Nepal has increased by 11.14 percent in the first three months of the current fiscal year. According to the financial statements published by the Nepal Insurance Authority on Tuesday, the...


Non-Life Insurance Companies Earn Over Rs 12.65 Billion in Premiums in First Quarter

Kathmandu – Non-life insurance companies in Nepal have collectively earned an insurance premium totaling Rs 12.65 billion in the first three months of the current fiscal year. According to the financial statements published by the Nepal Insurance Authority on...


Himalayan Everest Insurance Faces Heavy Liability Amid Reinsurance Oversight

Kathmandu – Himalayan Everest Insurance Company has incurred a significant financial burden following the recent Gen-Z movement, with insurance claims totaling nearly Rs. 971.4 million filed against the company. According to sources, Anju Shrestha, who previously led the reinsurance...


NLG Insurance Contributes Rs. 2.5 Million to Government’s Reconstruction Fund

Kathmandu – NLG Insurance Company Limited has contributed Rs. 2.5 million to the Physical Infrastructure Reconstruction Fund established by the Government of Nepal to support recovery efforts following the damage caused by the recent Gen-Z movement. The company’s Chief...