Non-Life Insurance Sector Sees 7.11% Growth; Oriental Insurance Leads in Expansion

Kathmandu — Nepal’s non-life insurance industry has recorded a modest yet steady growth of 7.11% in the third quarter of the current fiscal year, with total business volume rising from Rs. 29.99 billion last year to Rs. 32.12 billion...


Nepal Life Marks 25th Anniversary with Free Health Camp and Blood Donation Drive

Kathmandu — Nepal Life Insurance Company Limited has marked its 25th anniversary with a series of social welfare initiatives, including a free health camp and a blood donation program, held at its central office in Kamaladi on Sunday. The...


Nepal Life Completes 24 Years, Steps into 25th Year with Focus on Service and Growth

Kathmandu — Nepal Life Insurance Company has officially entered its 25th year today, marking 24 years since its establishment on Baisakh 21, 2058 BS. To commemorate the milestone, the company is launching a nationwide celebration, including health camps, blood...


Final Day to Apply for Neco Insurance’s Unallocated Right Shares

Kathmandu – Today marks the last day to apply for the remaining 225,161.35 units of unallocated right shares issued by Neco Insurance Limited. These shares include 43,779.52 units from the promoter group and 181,481.83 units from the general public...


Himalayan Life Insurance Reports 8.49 Percent Net Profit Growth in Q3, Life Insurance Fund Surges to Rs 73.77 Billion

Kathmandu — Himalayan Life Insurance Limited has reported a net profit of Rs 472.4 million for the third quarter of the current fiscal year, reflecting an 8.49% increase compared to Rs 435.4 million posted during the same period last...


IME Life Insurance Reports Over Rs 366 Million Net Profit in Q3, Records Over 10% Growth

Kathmandu – IME Life Insurance Company Limited has reported a net profit of Rs 366.3 million for the third quarter of the current fiscal year, marking a 10.49% increase compared to the Rs 331.5 million recorded during the same...


Government to Expand Health Services in Upcoming Fiscal Year 2082/83, Improve Health Insurance

Kathmandu – The Government of Nepal has laid out an ambitious roadmap to decentralize specialized medical services and transform the country’s health infrastructure. The new plans, outlined in the national policy and program for the upcoming fiscal year, signal...


Prabhu Mahalaxmi Life Insurance Announces Dividend for Shareholders

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced a total dividend of 8.421 percent for its shareholders from the profit. As per the decision made during the company’s board meeting held on Baisakh 17 (April 30), the proposed...


US Tariffs Trigger Financial Strain on China’s Insurance Sector

China’s insurance sector is under growing pressure following the United States’ imposition of steep new tariffs on Chinese exports, a move expected to intensify financial risks across key insurance lines and slow premium growth. According to GlobalData (a leading...


Neco Insurance Calls 29th AGM to Approve 7% Bonus Shares and Cash Dividend

Kathmandu – Neco Insurance Limited has announced the date for its 29th Annual General Meeting (AGM), scheduled for Jestha 9 (May 23) at 11 a.m. at Lisara Reception, Naxal. The company will seek shareholder approval for a set of...