Kathmandu — The Supreme Court has refused to issue an interim order on a writ petition challenging the Nepal Insurance Authority’s decision to operate a foreign employment term insurance pool. A joint bench of Justices Til Prasad Shrestha and...

Kathmandu — National Insurance Company Limited has posted a net loss of Rs 623.9 million for the fiscal year 2081/82, a sharp reversal from the Rs 266.7 million profit recorded in the previous year, according to its fourth-quarter financial...

Zurich — Swiss Re has updated its Life Guide, introducing new underwriting guidance for life insurance applicants who may be using repurposed longevity drugs—a growing trend among health-conscious individuals. The update addresses medications such as metformin and rapamycin, originally...

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has reported a net profit of Rs 403.2 million for the end of the fiscal year 2081/82, reflecting a 12.53% decline compared to Rs 460.9 million recorded in the previous fiscal...

Kathmandu — Nepal’s commercial banking sector has reported strong financial results for the fiscal year 2081/82, with most banks reporting improved profitability, stronger balance sheets, and healthier financial indicators. According to the latest disclosures, 10 out of 20 commercial...

Kathmandu — Life insurance companies across Nepal recorded a significant surge in business in Ashar, the final month of the last fiscal year 2081/82, earning first insurance premiums worth Rs 8.91 billion. According to data released by the Nepal...

Kathmandu — The Sunshine Group, under IME Life Insurance, has successfully organized a capacity-building training program for agency managers and team leaders in Koshi Province, accompanied by a special ceremony to honor top-performing agency managers. The event took place...

Kathmandu — Siddhartha Premier Insurance Limited has reported an overall improvement in its financial indicators for the fourth quarter of the last fiscal year. According to the company’s statement, net profit rose by 3.63 percent to Rs 713.1 million...

Kathmandu — Seven commercial banks have disclosed their fourth-quarter financial statements for the fiscal year 2081/82, revealing dividend distribution capacities ranging from 5.25% to 38.27%. The banks include Machhapuchhre Bank, Kumari Bank, Siddhartha Bank, Agricultural Development Bank, Citizens Bank,...

Kathmandu — Nepal Insurance Company Limited has extended the application deadline for its ongoing right share issuance until Bhadra 2 (August 18). The issuance offers a total of 6,576,967.76 units of right shares at a face value of Rs...