Insurance Authority Proposes 90% Hike in Employee Benefits Amid Rising Resignations

Kathmandu – Along with employee dissatisfaction mounting and attrition on the rise, the Nepal Insurance Authority has submitted a proposal to the Ministry of Finance seeking up to a 90 percent increase in service-related benefits for its staff. The...


NLG Insurance Concludes 19th AGM, Approves Dividend and Bonus Share Distribution

Kathmandu – NLG Insurance Company Limited successfully concluded its 19th Annual General Meeting (AGM) today at Amrapali Banquet, Baluwatar, Kathmandu. The meeting was held under the chairmanship of Mr. Bimal Prasad Wagle, Chairman of the Board of Directors. During...


Last Day to Secure Right Shares of Nepal Insurance Company

Kathmandu — Today marks the final day for shareholders to secure eligibility for the upcoming right share issuance of Nepal Insurance Company Limited. As the company prepares book closure on Jestha 30 (June 13), only those investors who are...


IMF Approves $42.7 Million for Nepal Under Sixth ECF Review

Kathmandu — The International Monetary Fund (IMF) has approved a disbursement of $42.7 million (approximately Rs 5.84 billion) to Nepal under the sixth review of the Extended Credit Facility (ECF), signaling continued confidence in the country’s economic reform efforts....


Endowment Insurance Leads Nepal’s Life Insurance Market with 38% Business Share

Kathmandu – Endowment insurance policies have taken the lead in Nepal’s life insurance sector, contributing the largest share of premium collection, according to the latest data published by the Nepal Insurance Authority. As of the end of Baisakh (mid-May)...


Nepal Insurance Authority Engages Non-Life Insurance Leaders in Dialogue on Sector Reforms

Kathmandu – The Nepal Insurance Authority (NIA) organized a high-level interaction program on Tuesday in Kathmandu with chairpersons and board members of non-life insurance companies to address pressing issues in the insurance sector and chart a path toward institutional...


Life Insurance Coverage in Nepal Reaches Record High at 47.39 Percent

Kathmandu – Life insurance coverage in Nepal has reached an all-time high, with 47.39 percent of the population now under some form of life insurance protection, according to the latest data published by the Nepal Insurance Authority (NIA) as...


IME Life Insurance Partners with Meditech Hospital to Offer Discounts for Policyholders, Agents, and Staff

Kathmandu – IME Life Insurance Company has entered into a partnership with Meditech International Hospital and Research Center, Butwal, to provide special discounts on healthcare services to its policyholders, agents, and employees. Under this collaboration, individuals insured by IME...


Japan Set to Mandate Health Insurance for International Tourists

Tokyo – Japan is preparing to introduce stricter entry regulations for foreign tourists, aiming to address the growing issue of unpaid medical bills left by visitors. The proposed measures may require travelers to provide proof of medical insurance prior...


Insurance Regulations 2081 Set for Amendment Following Agent Protests

Kathmandu – The Nepal Insurance Authority has agreed to amend the Insurance Regulations 2081 following sustained pressure from insurance agents who claimed the provisions undermined their profession. An agreement was reached on Saturday, Jestha 17 (May 31), between the...