Nepal Reinsurance Company Invests Rs 22.28 Billion in Third Quarter, Focuses on Bank Term Deposits

Kathmandu — Nepal Reinsurance Company has made a total investment of Rs 22.28 billion in the third quarter of the current fiscal year, with the majority allocated to term deposits in banks and financial institutions, according to data from...


Shikhar Insurance Earns ‘Double A Minus’ Rating, Emerges as Nepal’s Strongest Non-Life Insurer

Kathmandu — Shikhar Insurance Company Ltd. has secured a ‘Double A Minus’ credit rating from ICRA Nepal, marking it as the strongest and most secure non-life insurance company in the country outside of government and foreign investment. According to...


Asian Life Insurance Promotes Awareness Among Students at Janaprakash Bahumukhi Campus

Kathmandu – Asian Life Insurance Company Ltd. Organized an insurance awareness program for undergraduate students of Janaprakash Bahumukhi Campus on today. The event was held under the chairmanship of the company’s manager, Badrinath Poudel, and featured Assistant Campus Chief...


Supreme Court to Hear Nepal Insurance Authority Chairmanship Dispute from 19th Jestha

Kathmandu — The Supreme Court has scheduled a hearing on the eligibility dispute surrounding Sharad Ojha, Chairman of the Nepal Insurance Authority, for 19th Jestha (June 2). A joint bench comprising Chief Justice Prakash Man Singh Raut and Justice...


Neco Insurance Concludes 29th AGM, Approves 7% Bonus Shares and Cash Dividend

Kathmandu — Neco Insurance Limited has approved a dividend proposal at its 29th Annual General Meeting (AGM), held on Friday at Lisara Reception, Naxal. The meeting endorsed the distribution of 7 percent bonus shares on the paid-up capital along...


Government to Mandate Home Insurance for Urban Buildings Within a Year

Kathmandu — The government is set to enforce a new policy mandating home insurance as a prerequisite for obtaining a house construction plan completion certificate in urban areas. The provision is part of an action plan based on recommendations...


India’s Health Insurance Market Poised to Triple by 2032

India’s health insurance sector is set for a major leap, with its market size projected to grow from USD 15.99 billion in 2024 to around USD 38.2 billion by 2032, backed by a compound annual growth rate (CAGR) of...


Sanima GIC to Conduct Three-Day Non-Life Insurance Agent Training

Kathmandu – Sanima GIC Insurance Limited is set to organize a three-day training program for aspiring non-life insurance agents from Jestha 20 to 22 (June 3 to 5). According to the company, individuals who have completed their Plus Two...


Insurance Companies in Nepal Invest Over Rs 800 Billion in Various Sectors

Kathmandu – Insurance companies in Nepal have invested over Rs 800 billion across various sectors during the third quarter of the current fiscal year, according to the Nepal Insurance Authority. Life insurance companies have made a total investment of...


Sun Nepal Life Completes ‘Inspire and Earn’ Program with Over 70 Agents

Kathmandu – Sun Nepal Life Insurance Company successfully concluded its ‘Inspire and Earn’ program under the Chakrapath Region, aimed at motivating and empowering insurance agents. The event was held at Smart Mall and was attended by more than 70...