Liberty Micro Life Insurance Reports 28.67% Drop in Q2 Profit Despite Surge in Income

Kathmandu – Liberty Micro Life Insurance has published its financial statement for the second quarter of the current financial year, revealing a notable decline in profit despite a significant increase in overall income. The company recorded a profit of...


Life Insurance Companies in Nepal Earn Rs 85.90 Billion in Premiums in Second Quarter

Kathmandu – The 14 life insurance companies operating in Nepal have collectively earned Rs 85.90 billion in insurance premiums by the end of the second quarter of the current financial year, according to their recently published financial statements. This...


Non-life Insurance Companies in Nepal Owe NPR 39.73 Billion in Claim Payments in Q2

Kathmandu – Fourteen non-life insurance companies in Nepal collectively owe nearly NPR 40 billion in outstanding claim payments, raising serious concerns about the efficiency and oversight of the Nepal Insurance Authority. According to the financial statements published by these...


Nepal’s Life Insurance Fund Reaches Rs. 737.2 Billion, Rising 18.35%

Kathmandu – Nepal’s life insurance sector continues to show remarkable growth, with the life insurance fund of 14 life insurance companies reaching Rs. 737.2 billion by the second quarter of the current financial year. According to an analysis on...


Madan Dahal Assigned Additional Responsibilities in Finance Sector

Kathmandu – The Nepal Insurance Authority’s Executive Chairman, Madan Dahal, has been given additional responsibilities, assuming the role of Director General of the Inland Revenue Department. The Ministry of Finance announced his transfer, adding to his existing leadership in...


Government Approves Insurance Regulations, 2081 After Two-Year Delay

Kathmandu – After nearly two years of discussions and disputes, the government has finally approved the Insurance Regulation 2081. The regulation, which had been a major point of contention between the Insurance Authority and agents, introduces new provisions regarding...


Non-Life Insurance Companies Report 59.38% Decline in Profit; Sanima GIC Leads Growth Rate

Kathmandu – The combined profit of 14 non-life insurance companies in Nepal has dropped significantly by 59.38% in the second quarter of the current financial year. According to the financial statements published by these companies, their collective net profit...


IGI Prudential Insurance Reports 22.14% Decline in Profit in Second Quarter

Kathmandu – IGI Prudential Insurance Company Limited has published its financial statement for the second quarter of the current financial year, reporting a significant decline in net profit due to reduced income and net insurance premiums. According to the...


United Ajod Insurance Reports Decline in Net Profit in Second Quarter

Kathmandu – United Ajod Insurance Limited has published its financial statement for the second quarter of the current financial year, revealing a significant drop in net profit due to decreased income and net insurance premiums. According to the report,...


Nepal Insurance Reports 82.71% Decline in Profit in Second Quarter of the Current Fiscal Year

Kathmandu – Nepal Insurance Company has published its financial statement for the second quarter of the current financial year, revealing a significant decline in profit despite growth in insurance fee earnings. According to the report, the company’s profit fell...