Kathmandu – Himalayan Life Insurance Limited successfully conducted its 17th Annual General Meeting (AGM) on Sunday at Anupam Foodland and Banquet, Battisputli, Kathmandu. The meeting, which commenced at 10:30 AM, saw the passage of key financial resolutions, including the...

Kathmandu – Nepal Micro Insurance has opened its Initial Public Offering (IPO) for the general public starting today. The company is issuing 1.84 million shares worth NPR 184.5 million as part of its IPO process. Earlier, the company had...

Kathmandu – The Professional Insurance Agents Association Nepal has strongly opposed the newly issued Insurance Regulations, arguing that they curtail the rights of insurance agents and discourage their profession. The association held a press conference in Kathmandu on February...

Kathmandu – Insurance companies operating in Nepal have collectively spent over Rs 5.6 billion on employee benefits, including salaries and allowances, up to the end of the current financial year. According to the second-quarter financial reports published by these...

Kathmandu – Citizen Life Insurance limited has announced dividend distribution for its shareholders. The company’s board of directors, in a meeting held on February 20, decided to distribute a 26.98% bonus share and a 1.42% cash dividend (for tax...

Kathmandu – Kabi Phuyal has officially resumed his position as Senior Deputy Chief Executive Officer (Senior Deputy CEO) of Sun Nepal Life Insurance Company. Phuyal assumed office on February 20 at the company’s central office, marking his return to...

Kathmandu – NLG Insurance Company Limited has successfully distributed shares that were offered for purchase through an auction process held from February 2 to February 9. The company had placed 320,533.22 remaining shares for auction, and after evaluating the...

Kathmandu – Sanima Reliance Life Insurance Limited has published its latest bonus rates for policyholders based on the actuarial evaluation of the last financial year. The company has set bonus rates ranging from a minimum of NPR 19 to...

Kathmandu – The leadership of Nepal Reinsurance Company is under scrutiny following revelations that its chairman, CEO, and board members submitted a proposal to the Nepal Insurance Authority that could negatively impact their own company. Nepal Reinsurance Company, which...

Kathmandu – The implementation of a new regulatory framework by the Nepal Insurance Authority has raised concerns about its impact on government-invested companies, particularly Nepal Reinsurance Company. The decision to introduce the Foreign Employment Insurance Pool has drawn criticism...