Kathmandu — The Ministry of Finance has acknowledged that regulation of the insurance sector is weak. Through its current economic report, the ministry has pointed out that comprehensive reforms are necessary due to the lax regulation of the insurance...

Kathmandu — The Nepal Insurance Authority has instructed insurance companies to implement an e-billing system. The directive aims to strengthen financial discipline in the insurance sector, enhance transparency in transactions, ensure tax compliance, and make service delivery more technology-friendly....

Kathmandu — Protective Micro Insurance Company is facing serious allegations of obtaining its operating license through fraudulent means, raising the possibility of cancellation if an official investigation substantiates the claims. The company is accused of securing a microinsurance license...

Kathmandu — Nepal’s non-life insurance sector recorded a 13.86% year-on-year increase in premium income, reaching over NPR 36.58 billion by the end of the third quarter of fiscal year 2025/26 (mid-April 2026). The 14 non-life insurers in operation generated...

Kathmandu — Non-life insurance companies have managed to generate a total premium income of NPR 36.58 billion up to the end of Chaitra in the current fiscal year. This is according to the monthly data published by the Nepal...

Kathmandu — Reliable Nepal Life Insurance Limited has paid a claim under its full disability benefit. Mrs. Khagisara Shrestha, a resident of Ward No. 2, Gurans Rural Municipality in Dailekh District, had purchased an insurance policy under the “Reliable...

Kathmandu — Minister of Physical Infrastructure and Transport Sunil Lamsal has been accused of unlawfully pressuring Neco Insurance Company to release around Rs 100 million in connection with a disputed insurance claim currently under consideration by the Supreme Court....

Kathmandu — Reports had repeatedly surfaced on Beemapost alleging that shares of micro-insurance companies were sold through bribery arrangements, with payments reaching up to Rs. 200 per share under the tenure of then–Nepal Insurance Authority Chairman Surya Prasad Silwal....

Kathmandu — Nepal’s insurance regulator, Insurance Authority Nepal, has come under scrutiny for remaining inactive despite clear evidence that shareholdings in microinsurance companies exceed the legal cap of 15% for a single individual or family. The lack of action...

Kathmandu — Nepal Life Insurance Company Limited has introduced a special scheme offering a full waiver on late fees for the revival of lapsed insurance policies, marking its 25th anniversary. In light of ongoing economic challenges that have led...