Kathmandu — Narayan Bajaj has been appointed Chairman of Himalayan Life Insurance following a board decision made on April 6. He represents Laxmi Corp Nepal Pvt. Ltd., a founding shareholder of the company, and was chosen to fill a...

Kathmandu — Samata Gharelu Laghubitta Bittiya Sanstha Limited has informed that 5 percent bonus shares have been credited to the beneficiary (demat) accounts of its shareholders. The 5 percent bonus shares, approved by the company’s 12th Annual General Meeting...

Kathmandu — Asian Life Insurance Company Limited has completed 18 years of operation and officially stepped into its 19th year. The company commenced its business on April 4, 2008. To mark the beginning of its 19th year, the company...

KATHMANDU – Authorities in Nepal are investigating a major insurance fraud scheme involving trekking and rescue operations on Mount Everest, where guides and associated service providers allegedly staged or deliberately induced medical emergencies to trigger costly helicopter evacuations for...

Kathmandu — A controversy has emerged involving Nepal Police’s Central Investigation Bureau (CIB), raising concerns about its conduct in a case that had already been reviewed and resolved by both the Securities Board of Nepal (SEBON) and the Patan...

Kathmandu — The Nepal Insurance Authority has uncovered irregularities while monitoring and investigating more than half a dozen non-life insurance companies. The regulator is preparing to take action against companies found issuing insurance policies at rates that differ from...

Kathmandu – MetLife Nepal has introduced a new update to its “One by MetLife” mobile app, allegedly acting against the principles of insurance. Without informing the regulatory body, the Nepal Insurance Authority, the company added a health risk assessment...

Kathmandu — National Insurance Company Limited has called on policyholders to collect payments for claims filed under insurance policies issued during the fiscal years 2019/20 to 2020/21. The company stated that although claims were registered for policies issued during...

Kathmandu — Prabhu Insurance Limited has scheduled its 30th Annual General Meeting (AGM) for April 22 at 11:00 am. The meeting will take place at the company’s head office, Prabhu Complex in Tinkune, Kathmandu, following a board meeting held...

Kathmandu — Insurance companies that had long struggled to conduct their annual general meetings (AGMs) on schedule are now showing improvement. Due to repeated directives from the Insurance Authority in recent years and ongoing coordination with companies, all but...