Life Insurance Companies Pay Nearly Rs 49 Billion in Claims, But Arrears Nearly Double

Kathmandu – Life insurance companies operating in Nepal have paid insurance claims totaling nearly Rs 49 billion by the end of Baisakh (mid-May) month in the current fiscal year, according to the Insurance Authority of Nepal. The cumulative amount...


DPM Dar Denounces Nuclear Strike Claims, Urges Caution Amid Israel-Iran Tensions

Islamabad – Deputy Prime Minister and Foreign Minister Ishaq Dar has categorically dismissed social media reports claiming that Pakistan would retaliate with a nuclear strike on Israel in the event of an attack on Iran. He labeled the reports...


Neco Insurance Distributes Right Shares, Urges Shareholders to Dematerialize Pending Holdings

Kathmandu  — Neco Insurance Limited has successfully distributed the right shares issued from Falgun 8 to Chaitra 14, 2081 (February 20 to March 27, 2025) and deposited them into the demat accounts of eligible shareholders. The insurance company had...


Vietnam Passes Amended Employment Law to Expand Loan Access and Unemployment Insurance

Hanoi – Vietnam’s National Assembly has approved a significant amendment to the Employment Law, broadening access to preferential loans and expanding the scope of unemployment insurance to include a wider range of workers. The revised law, passed on Monday,...


Last Day to Apply for Sun Nepal Life Insurance Right Shares

Kathmandu – Today marks the final day for shareholders of Sun Nepal Life Insurance Company Limited to apply for the company’s ongoing right share offering, which has been open to the public since Baisakh 30 (May 13). The company...


Nepal Insurance Authority Reviews One Year of RBC Implementation, Calls for Stronger Investment Practices and Timely Compliance

Kathmandu — The Nepal Insurance Authority held an interactive session on Monday to mark one year since the implementation of the Risk-Based Capital (RBC) framework in the Nepali insurance sector. The event brought together key stakeholders, including CEOs of...


National Life Waives Late Fee on Policy Revival for a Limited Time

Kathmandu  – National Life Insurance Company has announced a waiver on late fees for the revival of lapsed insurance policies. The offer is valid until Ashar 20 from today. The company stated that customers who complete the revival process...


Allegations Surface Against Nepal Reinsurance Leadership Over Risky Business Decisions

Kathmandu — Serious allegations have emerged against the top leadership of Nepal Reinsurance Company, including CEO Surendra Thapa and Chairman Devraj Dhungana, for reportedly compromising government investment and business stability within the organization. According to a statement issued by...


Aryan Khan of Prabhu Mahalaxmi Life Insurance Selected as MDRT for 2026

Kathmandu — Aryan Khan, Chief Agency Manager and member of the President’s Club at Prabhu Mahalaxmi Life Insurance, has been selected as a member of the Million Dollar Round Table (MDRT) for the year 2026. This marks the fifth...


Reliable Nepal Life Concludes 8th AGM, Approves 12% Bonus Shares and Cash Dividend

Kathmandu — Reliable Nepal Life Insurance Limited has successfully concluded its eighth annual general meeting (AGM) today at Amrapali Banquet, Bhatbhateni, Kathmandu. The meeting was held under the chairmanship of the company’s Chairman, Uday Nepali Shrestha. During the AGM,...