Kathmandu – Sanima GIC Insurance Limited has once again announced the sale of 580,000 units of promoter shares, following the initial offering’s failure to receive applications. Sanima GIC The company had earlier published a notice on 30th Shrawan (August...

The Insurance Regulatory and Development Authority of India (IRDAI) is considering capping annual premium hikes on health insurance policies, a move aimed at striking a balance between affordability for policyholders and sustainability for insurers. The proposal is expected to...

Kathmandu – The Nepal Insurance Association has formally written to the Nepal Insurance Authority, raising concerns over delays in claim settlements by the two reinsurance companies operating in the country. According to the association, insurance companies are facing financial...

Kathmandu — United Ajod Insurance Company Chief Executive Officer (CEO) Kamal Gautam has stressed that insurance claim disputes can be minimized if policyholders clearly understand the terms and conditions of their policies. Speaking during a panel discussion on “Public...

Kathmandu – The size of the insurance fund of Nepal’s life insurance companies has rose to Rs 844.48 billion by the end of the last fiscal year 2081/82, underscoring the sector’s steady expansion and growing financial strength. The figure...

Kathmandu — Nepal Life Insurance Company Limited, in collaboration with Round Table Nepal, has successfully collected 5,000 kilograms of waste from Mount Everest under the Project Care campaign. The initiative aims to preserve the natural beauty of the world’s...

Kathmandu. Ratnakar Patnaik has been appointed as the Chairman of Life Insurance Corporation (Nepal) Limited (LIC Nepal). The decision was made during a meeting of the company’s Board of Directors held on 28th Shrawan (August 13). Along with Patnaik’s...

Kathmandu – Commercial banks in Nepal paid nearly Rs 33 billion in income tax to the government during the last fiscal year 2081/82, marking a significant increase compared to the previous year. According to official data, the 20 commercial...

Asia’s reinsurers are increasingly expanding into mature overseas markets to diversify risk and better manage underwriting cycles, according to a new report by AM Best. The report, Asia in Focus: A Two-Way Street for Reinsurance Diversification, shows that most...

Kathmandu – Sanima Reliance Life Insurance Limited has announced the sale of 1,347,588 units of its promoter shares. According to the company, the shares have been made available for purchase by the general public, existing promoter shareholders, as well...