Kathmandu – The scope of term life insurance, mandated by the government, has expanded significantly, driven by the rising number of Nepalese seeking employment abroad due to limited opportunities at home. By the end of Kartik (Mid-November) of the...

Kathmandu – Life insurance companies in Nepal have recorded significant growth in renewal insurance premiums, earning Rs. 9.76 billion in the month of Kartik (Mid-October to Mid- November), marking a 45.10% increase compared to the same period last fiscal...

Kathmandu – Nepal’s life insurance sector has achieved remarkable growth, reporting a business turnover of Rs. 12.31 billion in just one month. According to data from the Nepal Insurance Authority, this marks a 42.60% increase compared to the same...

Kathmandu – Nepal’s life insurance industry has witnessed an 8% growth in business compared to last year, earning a total insurance premium of Rs. 53.39 billion by the end of Kartik month (Mid-Novemvber) in the current fiscal year. Data...

Kathmandu – Life insurance companies in Nepal have achieved impressive growth in new business, earning Rs. 2.25 billion in first insurance premiums during the month of Kartik (Mid- November). According to data from the Nepal Insurance Authority, the 14...

Kathmandu – Life insurance companies in Nepal have reported significant growth in renewal insurance premiums during the first four months of the current fiscal year 2081/082. According to the Nepal Insurance Authority, 14 life insurance companies collectively earned Rs....

Kathmandu – Nepal’s life insurance industry has demonstrated remarkable growth, with companies collectively earning over half a billion rupees in premiums by the end of Kartik (mid-November). According to data from the Nepal Insurance Authority, the total premium collection...

Kathmandu – Non-life insurance companies in Nepal have earned insurance premiums amounting to Rs 14.35 billion by the end of the Kartik month (mid-November) in the current fiscal year, offering eight types of insurance policies. The highest revenue came...

Kathmandu – The Nepal Insurance Authority has introduced a new directive towards  a risk-based capital (RBC) and Solvency framework for life and non-life insurance companies. This move replaces the directive issued in 2022 and aims to better align capital...

Kathmandu – The Nepal Insurance Authority (NIA) has mandated non-life insurance companies to issue policies using real-time software, marking a significant step toward digitizing Nepal’s insurance sector. This initiative, supported by the Ministry of Agriculture and Livestock Development, aims...