Development Banks Record Profit of 783.4 Million in First Quarter of the Current FY

Kathmandu: The profits of national-level development banks have declined sharply in the first quarter of the current fiscal year 2082/83. According to the banks’ financial statements, their combined profits have fallen by 45.2 percent compared to the same period...


Non-life insurance Companies collect Rs 12.92 billion in premiums in first quarter

Kathmandu – Non-life insurance companies in Nepal have collected a total premium of Rs 12.92 billion in the first quarter of the current fiscal year (FY), according to data released by the Nepal Insurance Authority (NIA). Among the seven...


Six Arrested in Kathmandu for Faking Car Accident to Claim Insurance

Kathmandu –  Police have arrested six individuals on charges of fabricating a car accident and submitting false documents to claim insurance from Nepal Micro Insurance Company. According to officials from the District Police Office, those taken into custody include...


Micro Life Insurance Companies Collect Rs 247.4 Million in First Quarter

Kathmandu – Micro life insurance companies in Nepal have collected a total insurance premium of Rs 247.4 million in the first quarter of the current fiscal year 2082/83, according to data from the Nepal Insurance Authority. Among the three...


MetLife and Ncell Launch Insurance-Linked Data Packs to Promote Financial Inclusion

Kathmandu – In a first-of-its-kind initiative, Ncell and MetLife Nepal have jointly introduced a new service called “Data along with Life Insurance”, allowing customers to access both mobile data and insurance coverage through a single package. Under this innovative...


Life Insurance Companies’ New Business Grows by Nearly 16.95% in First Quarter

Kathmandu – Nepal’s life insurance sector has witnessed steady growth in new business during the first quarter of the current fiscal year 2082/83, collecting a total of Rs 9.54 billion in new premiums by the end of Ashoj, according...


Renewal Premium Income of Life Insurance Companies Rises by Over 20% in First Quarter

Kathmandu – Life insurance companies in Nepal have collected Rs 39.68 billion in renewal insurance premiums during the first quarter of the current fiscal year 2082/83, marking a significant 20.55% increase compared to the same period last year. According...


Life Insurance Business Grows Nearly 20% in First Quarter; IME, Citizen, and Reliable Lead in Growth

Kathmandu – Nepal’s life insurance industry has witnessed a robust 19.84% growth in total premium collection during the first quarter of the current fiscal year 2082/83, according to the Nepal Insurance Authority (NIA). As per data published by the...


Life Insurance Companies Earn Over Rs 49 Billion in Premiums in First Quarter

Kathmandu – Life insurance companies in Nepal collected a total insurance premium of Rs 49.22 billion during the first quarter of the current fiscal year 2082/83, according to data released by the Nepal Insurance Authority (NIA). Among the companies,...


National Life Contributes Rs 10 Million to Government’s Infrastructure Reconstruction Fund

Kathmandu – Additional financial support has been raised from the insurance sector for the Physical Infrastructure Reconstruction Fund established by the Government of Nepal. National Life Insurance Company Limited on Tuesday handed over a cheque of Rs 10 million...