Trump Renews Tariff Threats Over India’s Russian Oil Imports; New Delhi Pushes Back

U.S. President Donald Trump has once again escalated trade tensions with India, warning of steep tariff hikes over its continued purchase of Russian oil. In a social media post, Trump accused India of profiting from Russian crude while ignoring...


Last Day to Apply for Asian Life Insurance’s Rights Share Issuance

Kathmandu — Today marks the final day for shareholders to apply for its ongoing rights share issuance. The insurer is offering a total of 1,42,79,312.48 units of rights shares at a face value of Rs 100 per share, under...


India: IRDAI Slaps ₹5 Crore Penalty on Policybazaar Insurance Brokers for Multiple Regulatory Violations

New Delhi – The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a hefty penalty of ₹5 crore on Policybazaar Insurance Brokers Pvt. Ltd. for multiple violations of regulatory norms, including biased product promotions and significant delays...


Nepal Insurance Authority Extends Deadline for Foreign Reinsurance Brokers to Open Local Offices

Kathmandu – The Nepal Insurance Authority has extended the deadline for foreign reinsurance brokers to establish branch or liaison offices in Nepal, granting an additional six months despite non-compliance with earlier directives. The extension allows reinsurance brokers until the...


Government Amends Key Provisions of Insurance Act, Tightens Rules on Unclaimed Claims

Kathmandu – The Government of Nepal has amended three significant provisions in the Insurance Act 2079, marking a critical shift in how insurance claims, particularly unclaimed amounts, will be handled in the future. Through a bill introduced to amend...


Protective Micro Insurance Concludes Annual Review and Strategic Planning Seminar for FY 2082/83

Kathmandu — Protective Micro Insurance Limited successfully concluded its two-day annual review and strategic planning seminar for the fiscal year 2082/83. The program was held on Shrawan 16 and 17 (August 1 and  2) at Hotel Royal Villa Shivpuri...


Supreme Court Denies Interim Order for Suspended Nepal Insurance Authority Chairman Sharad Ojha

Kathmandu – The Supreme Court has declined to issue an interim order in favor of Sharad Ojha, the suspended Chairman of the Nepal Insurance Authority, effectively blocking his request to be reinstated immediately. A joint bench of Justices Hari...


Nepal Life Concludes ‘Nepal Life Leadership Excellence Award 2025’ with Grandeur

Kathmandu — Nepal Life Insurance Company Limited has successfully concluded the ‘Nepal Life Leadership Excellence Award 2025’ with grandeur at a ceremony held at the Soaltee Hotel in Kathmandu. The event, which began on 16 Shrawan, brought together 440...


IME Life Insurance Partners with Om Hospital to Offer Health Service Discounts to Insured, Agents, and Employees

Kathmandu – IME Life Insurance Company has entered into a strategic partnership with Om Hospital to provide special health service discounts to its insured clients, agents, and employees. The collaboration aims to enhance the value of insurance services by...


Citizen Life Insurance Concludes ‘Citizen Leaders Night 2025’ with Grand Celebration and Recognition of Top Performers

Kathmandu – Citizen Life Insurance Company successfully concluded the eighth edition of its flagship program, Citizen Leaders Night 2025, on Saturday, 17th Shrawan (August 2), at Hotel Yak & Yeti, Durbarmarg. The event was organized to honor high-performing agents...