Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has transferred its recently announced bonus shares to the demat accounts of eligible shareholders. The company’s annual general meeting, held on October 9, 2024 had approved a 10 percent bonus share distribution....

Kathmandu – The Rastriya Jeewan Beema Company Limited, a government-owned entity, has launched a new foreign employment insurance scheme aimed at safeguarding Nepali workers heading abroad for employment. The initiative enables workers to secure insurance coverage using their passport...

Kathmandu – National Life Insurance Company Limited kicked off its prestigious “Chairpersons’ Club Member” program yesterday at the Soaltee Hotel, Kathmandu, with grandeur and enthusiasm. The three-day event will celebrate the exceptional achievements of agents from across the country,...

Kathmandu – Amid the ongoing economic slowdown, investment by banks in the construction sector has seen sluggish growth. A halt in development and infrastructure projects across the country has significantly limited the flow of credit to the sector, creating...

Kathmandu – Karmalal Lama Yonjan has been unanimously elected as the president of the Independent Employees Union of Nepal Life Insurance Company Limited. The election took place during the union’s seventh general convention, held in Bhaktapur on Sunday. The...

Kathmandu – Rastriya Beema Company Limited has announced its second Annual General Meeting (AGM) to be held on Poush 24 (January 8, 2025) on Shankhamul, Kathmandu. The decision was made during a board meeting held on December 13. The...

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) and NLG Insurance Company Limited, two leading financial institutions in the country, have witnessed significant investor participation in their respective rights share offerings. LIC Nepal As of December 16, LIC...

Kathmandu – Insurance companies in Nepal have collectively invested NPR 744 billion in various sectors, with a significant portion placed in bank fixed deposits. Of this, life insurance companies account for NPR 677 billion, while non-life insurance companies have...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited marked its eighth anniversary with a commitment to enhancing its services and supporting social causes. To celebrate the milestone, the company handed over 850 life jackets to the Fewa Boat Operators’ Association...

Kathmandu – In the aftermath of the devastating floods and landslides that recently impacted Nepal, non-life insurance companies have collectively disbursed over NPR 1.19 billion in advance claims payments to those affected by the disaster. These payments aim to...