Citizens Can Now Access Health Insurance Benefits from Their Place of Residence

Kathmandu – The Government of Nepal has approved key amendments to the Health Insurance Regulations, allowing insured citizens to access benefits directly from their current place of residence. The Cabinet endorsed the proposal presented by Minister of Health and...


IME Life Insurance Offers 20% Discount on Lumbini Cable Car Tickets

Kathmandu – IME Life Insurance Company has entered into a partnership with Lumbini Cable Car Pvt. Ltd., offering a 20 percent discount on cable car tickets to its insured members, agents, and employees. According to the agreement, insured individuals...


Prabhu Mahalaxmi Life Insurance Announces Sale of Promoter Shares

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has announced the sale of 738,500 units of promoter shares. These shares are currently being offered to the existing promoter shareholders of the company. According to the notice issued by the company,...


Eye Health to be Included in National Health Insurance: PM Oli

Kathmandu – Prime Minister KP Sharma Oli on Tuesday announced that eye health services will be formally integrated into Nepal’s national health insurance program (NHIP) to bolster universal healthcare and reduce preventable vision loss. The announcement was made during...


Commercial Banks Pay Over Rs 19 Billion in Income Tax; Seven Banks Contribute More Than Rs 1 Billion

Kathmandu – Commercial banks have contributed over Rs 19.15 billion in income tax to the government in the first nine months of the current fiscal year 2081/82, an increase of 9.94% compared to the same period last year. In...


Banks Earn Nearly Rs 7 Billion from Stock Market in Nine Months

Kathmandu — Commercial banks have earned nearly Rs 7 billion from the stock market in the first nine months of the current fiscal year 2081/82. According to financial data, the 20 operating commercial banks collected Rs 6.88 billion in...


Health Insurance Service Set to Resume at Kesharpur Primary Health Centre in Baitadi

Kathmandu — The health insurance service at the Kesharpur Primary Health Centre (PHC) in Melauli, Baitadi, is set to resume after a two-year pause, according to the Health Insurance Board. Jaman Badal, Chief of the Health Insurance Board in...


Swiss Re Warns of $300 Billion Peak-Year Losses as Climate Risks Escalate

Zurich (Swiss Re) – Global insured losses from natural catastrophes could surge to $145 billion this year, continuing the long-term annual growth trend of 5–7%, according to the Swiss Re Institute’s latest sigma report. The rise is driven primarily...


Nepal Insurance Authority Introduces Automatic Membership Cancellation for Inactive Insurers

Kathmandu – The Nepal Insurance Authority has enforced a new directive under which insurance companies will automatically lose their Group Insurance Fund membership if they fail to issue foreign employment insurance policies for three consecutive months after receiving approval...


Insurance Authority Chair Sharad Ojha May Face Legal Action Under Corruption Act

Kathmandu – Sharad Ojha, the current Chairman of the Nepal Insurance Authority, may face legal action under the Prevention of Corruption Act 2059 after allegations emerged that he misled the Government of Nepal by submitting false information during his...