Kathmandu – Nepal’s commercial banks are bearing economic slowdown, with their distributable profits plummeting to NPR 17.75 billion. This sharp decline has significantly impacted dividend payouts, leaving shareholders disappointed. Of the 20 Class ‘A’ banks, 11 have declared dividends...

Kathmandu – The IPO allotment of Guardian Micro Life Insurance Limited is set to take place on Sunday, January 19, as informed by Kumari Capital, the IPO sales manager. However, if the pre-allotment work is not finalized by the...

Kathmandu – A two-day training program on marine insurance, organized by Insurance Protective Services, officially commenced on Wednesday (15 January) at Hotel Royal Shingi, Durbarmarg. The workshop, aimed at enhancing the knowledge and capacity of employees from non-life and...

Kathmandu – National Life Insurance Company Limited has introduced a new insurance policy, ‘Bal Amrit Endowment Policy-4’, aimed at providing maximum protection at a minimal premium. The company’s Chief Executive Officer, Suresh Prasad Khatri, unveiled the plan during a...

Kathmandu – It has come to light that the government-owned Rastriya Beema Company has failed to act on a directive issued by the Nepal Insurance Authority over four months ago, prohibiting the distribution of dividends and bonuses. The directive...

Kathmandu – The Nepal Insurance Authority (NIA) is set to introduce a new framework for renewing the licenses of insurance agents and surveyors. To facilitate this, the Authority has formed a dedicated committee tasked with studying and recommending appropriate...

Kathmandu – The sixth annual general meeting (AGM) of the Insurance Institute of Nepal (IIN) concluded on Sunday in Kathmandu, passing its annual report and highlighting key directives for the development of the insurance sector. Nepal Insurance Authority Chairman...

Kathmandu – The Nepal Insurance Authority (NIA) has issued a strong warning to Rastriya Beema Company, a government-owned insurance firm, over alleged financial irregularities, operational mismanagement, and violations of regulatory provisions. The authority has threatened to take over the...

Kathmandu – IME Life Insurance Company has notified the Nepal Stock Exchange (NEPSE) about its inability to conduct its annual general meeting (AGM) within the stipulated deadline of end of the Poush month. The delay is attributed to the...

Kathmandu – Sanima Reliance Life Insurance has urged its shareholders to deposit the required amount for tax purposes to receive the 18.3811 percent bonus shares approved during the company’s general meeting held on October 9, 2024. According to the...