Kathmandu – Nepal’s life insurance sector is witnessing a worrying rise in policy surrenders, with more than Rs. 13.5 billion withdrawn from life insurance companies in just the first 11 months of the current fiscal year. According to data...

Kathmandu – Nepal’s insurance industry has emerged as a key employment generator, with over 12,000 individuals currently working across 37 life and non-life insurance companies. According to data released by the Nepal Insurance Authority, 12,234 employees were engaged in...

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has announced that the authority is working to develop a ‘bundle product’ and launch a province-wide insurance campaign in all seven provinces, starting with Koshi. He made this statement during an...

Kathmandu – Reliable Nepal Life Insurance Limited has officially reappointed Narayan Babu Lohani as its Chief Executive Officer (CEO) for another term. The decision was made during the 155th meeting of the company’s board of directors, held on Ashar...

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has listed its bonus shares on the Nepal Stock Exchange (NEPSE). On Sunday, the company listed 3,784,800 units of bonus shares, distributed at an 8 percent rate. With the listing now complete,...

Kathmandu, – Sun Nepal Life Insurance Company Limited is set to auction a total of 224,506 units of unallocated right shares starting from Ashar 23 (July 7). The auction process will remain open until Shrawan 30 (August 13). Nepal...

Global credit rating agency AM Best has released its much-anticipated annual ranking of the world’s largest reinsurance companies—and for the first time, the list has been split in two. The cause? The uneven adoption of IFRS 17, the new...

Kathmandu — In a major policy reform, the Health Insurance Board of Nepal has decided to make health insurance services more accessible and convenient. Starting Shrawan 1 (July 17) of the upcoming fiscal year, insured individuals will be able...

Kathmandu – IME Life Insurance Company Limited has honored Senior Agency Manager Laxmi Ghimire for becoming the first agent to be inducted into the company’s highest recognition tier, the Everest Club, under its club schemes for the fiscal year...

Beijing — China’s insurance industry is on course to nearly double in market value over the next seven years, with projections placing its total worth at USD 1.41 trillion by 2032, according to the latest forecast by Fortune Business...