Kathmandu – Suryajyoti Life Insurance has settled insurance claims amounting to Rs 548.2 million up to the month of Falgun (mid-March) of the current financial year. The company processed a total of 1,556 insurance claims during this period. Last...

Munich – German insurance major Allianz SE has announced its decision to exit from its Indian insurance joint ventures with the Bajaj group, following the Indian government’s decision to allow 100% foreign direct investment (FDI) in insurance ventures. Allianz...

Zurich (Reuters) – Swiss Re, one of the world’s largest reinsurance companies,  has announced an agreement to sell 11,647,217 common shares of Definity Financial, representing approximately 10.05% of Definity’s issued and outstanding common shares as of March 17, 2025....

Kathmandu – Today marks the final day for shareholders of Nepal Insurance Company Limited to secure dividends for the current financial year. The company will close its book on March 20 for the purpose of the 76th Annual General...

Mumbai (CNBC) – Life Insurance Corporation of India (LIC) is expected to decide on acquiring a stake in a health insurance company by the end of March, according to its Chief Executive Officer Siddhartha Mohanty. Speaking on Tuesday, Mohanty...

Kathmandu – Families of the victims of the Saurya Airlines plane crash have yet to receive insurance compensation even eight months after the tragedy, raising concerns about delays and negligence from both the airline and government agencies. The National...

Kathmandu – The initial public offering (IPO) of Crest Micro Life Insurance’s has been allotted today. The allotment process was completed at the office of NIMB ACE Capital Limited at 8:30 am today, the issue manager for the company....

Kathmandu – IGI Prudential Insurance Limited has announced the auction of 80,000 founder shares, open for purchase by the general public. The minimum price for the shares has been set at Rs 205 per share. Interested buyers must apply...

Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced the sale of 274,201 founder shares, registered under the names of five different founder shareholders. The company had initially offered these shares to its existing founder shareholders. However, after...

Kathmandu – Commercial banks in Nepal have witnessed a notable rise in both deposits and loans during the first eight months of the current fiscal year 2081/82. According to data from the Nepal Bankers Association, deposit collection increased by...