Himalayan Life Insurance Announces 8% Cash Dividend

Kathmandu – Himalayan Life Insurance Limited has announced a cash dividend of 8 percent for its shareholders from the distributable profit of the previous fiscal year. The decision was made during the company’s board of directors meeting. The proposed...


Nepal Life Insurance Extends Grace Period for Policy Renewal with 50% Late Fee Discount

Kathmandu – Nepal Life Insurance Company Limited has extended the grace period for renewing expired insurance policies, offering a 50 percent discount on late fees. The company had initially provided this facility for policies that had expired for more...


Trump Administration Halts New Student Visa Appointments, Plans Social Media Vetting

Washington (Reuters) — The Trump administration has directed U.S. missions worldwide to suspend the scheduling of new student and exchange visitor visa appointments, citing an upcoming expansion of social media screening procedures for foreign applicants. According to an internal...


India to Surpass Japan as Asia’s Second-Largest Life Insurance Market by 2035: Allianz Report

India is on course to become Asia’s second-largest life insurance market by 2035, overtaking Japan, according to the newly released Allianz Global Insurance Report 2025. The report highlights India’s strong growth trajectory, driven by a projected compound annual growth...


Final Day to Secure 42% Right Shares of Asian Life Insurance

Kathmandu — Today, Jestha 14 (May 28), marks the last day for shareholders to secure eligibility for the upcoming right share issuance of Asian Life Insurance Company Limited. The company is set to close its shareholder register on Jestha...


Last Day to Secure Dividend of Prabhu Mahalaxmi Life Insurance

Kathmandu — Today marks the final day for shareholders to secure eligibility for Prabhu Mahalaxmi’s proposed dividend and participate in the upcoming annual general meeting (AGM). Prabhu Mahalaxmi Life has proposed distributing an 8 percent bonus share and a...


Pakistan Condemns Indian PM’s Remarks as ‘Reckless Provocation’

Islamabad – Pakistan has strongly condemned recent remarks made by Indian Prime Minister Narendra Modi during a speech in Gujarat, describing them as theatrical and dangerously provocative. In an official statement, Pakistani government has expressed a grave concern over...


Life Insurance Companies Spend Nearly Rs 10 Billion on Agent Commissions in Q3

Kathmandu — Life insurance companies operating in Nepal have collectively spent Rs 9.85 billion on agent commissions in the third quarter of the current fiscal year. This marks a 10.27 percent rise compared to the same period last year,...


Chandra Singh Saud Appointed Chairman of Nepal Insurance Company Limited

Kathmandu — Chandra Singh Saud has been appointed as the Chairman of the Board of Directors of Nepal Insurance Company Limited. The decision was made during a board meeting held on 12th Jestha (May 26). The board meeting unanimously...


Himalayan Everest Insurance to Conduct Virtual Training for Non-Life Insurance Agents

Kathmandu — Himalayan Everest Insurance Limited has announced a three-day virtual training program for aspiring non-life insurance agents, scheduled from Ashad 17 to 19 ( July 1 to 3) . The training will run daily from 9:30 AM to...