Nepal Reinsurance and Himalayan Reinsurance Compete in Investment Expansion

Kathmandu – There is intense competition in investment expansion between the two reinsurance companies operating in Nepal—government-owned Nepal Reinsurance Company and private sector–run Himalayan Reinsurance Company. Both companies are actively expanding their investments across various sectors, including fixed deposits...


Neco Insurance Chairman Urges CEO to Step Down Amid Regulatory Scrutiny

Kathmandu – The Chairman of Neco Insurance Company, Ramesh Kumar Niraula, has asked Chief Executive Officer Ashok Kumar Khadka to resign from his position following concerns raised by the insurance regulator over Khadka’s recent political activities. The issue arose...


Nabil Bank to Discontinue Critical Illness and Term Life Insurance Facilities

Kathmandu – Nabil Bank has announced that it will no longer provide critical illness treatment and term life insurance facilities to its customers. According to the bank, the services—currently offered to individual saver customers—will be discontinued. The bank has...


Nepal’s Traditional Kailash Knowledge System Highlighted as Vital for Sustainable Education

The Kailash Knowledge System is a key part of the ecological and cultural fabric of the people living in Nepal’s Kailash Sacred Landscape. This age-old knowledge system has emerged from the region’s rich biodiversity and includes green agricultural methods,...


Uncertainty Over Insurance of Government Property; Minister Ghising Says Structural Insurance May Not Be Economically Viable

Kathmandu – Despite growing discussion on the need to insure government property following recent protests, the government remains undecided on whether physical structures should be insured. The government initiated the first phase of insurance coverage last month by insuring...


IME Life Insurance Calls Ninth AGM, Proposes 10.53% Cash Dividend

Kathmandu – IME Life Insurance Company Limited has announced its ninth annual general meeting (AGM) to be held at 10:00 am on Thursday, Poush 24 (January 8, 2026), at Diyo Mahal, Dhumbarahi, Kathmandu. The decision was made recently at...


Nepal Life Insurance Offers Late Fee Discount on Policy Renewals

Kathmandu – Nepal Life Insurance Company Limited has announced a special discount on late fees for the renewal of expired insurance policies, effective from Poush 1 to Magh 15. According to a notice issued by the company, the facility...


Sanima Reliance Life Insurance Declares 10.178% Cash Dividend

Kathmandu: Sanima Reliance Life Insurance Company Limited has announced a cash dividend of 10.1780 percent (including tax) to its shareholders. The decision was made during the company’s board of directors’ meeting held on Mangsir 29. The dividend will be...


Siddhartha Premier Insurance Pays Over Rs 2.68 Billion in Claims in Five Months

Kathmandu – Siddhartha Premier Insurance Company Limited has settled insurance claims totaling more than Rs 2.68 billion in the first five months of the current fiscal year 2082/83 (from Shrawan to Mangsir). A significant portion of the payouts relates...


Government Faces Rs 36 Billion Reconstruction Burden After Gen-Z Protest Damage

Kathmandu — The government is set to bear more than Rs 36 billion in reconstruction expenses after extensive damage caused by the recent Gen-Z protest, as government structures were not insured prior to the incident. A committee formed to...