Shikhar Insurance Pays Rs 300 Million in Claims After Gen-Z Protests

Kathmandu – Shikhar Insurance has announced that it has paid out insurance claims worth nearly Rs 300 million to more than 40 insured clients whose properties were damaged during the Gen-Z protests on Bhadra 23 and 24. The company...


Janakraj Sharma Assumes Office as Chairman of Nepal Insurance Authority, Prioritizes Gen-Z Claim Payments

Kathmandu – The newly appointed Chairman of the Nepal Insurance Authority (NIA), Janakraj Sharma, has called on insurers to expedite the settlement of claims arising from the recent Gen-Z protest, which has triggered the largest insurance payout demand in...


Janakraj Sharma Assumes Office as Chairman of Nepal Insurance Authority

Kathmandu — Janakraj Sharma has officially assumed office as the new Chairman of the Nepal Insurance Authority. He took charge immediately after taking the oath of office and secrecy before Finance Minister Rameshwor Khanal today. Sharma was appointed to...


Praveen Raman Parajuli Elected President of Life Insurance Association of Nepal

Kathmandu – Praveen Raman Parajuli, Chief Executive Officer of Nepal Life Insurance Company, has been elected as the President of the Life Insuramce Association of Nepal. The decision was made unanimously during the association’s sixth annual general meeting, held...


Global IME Bank Launches ‘Goal Based Saving’ Scheme

Kathmandu – Global IME Bank Limited has rolled out a new product, the ‘Goal Based Saving’ scheme, designed to help customers set and achieve financial targets with greater convenience. The scheme, available through the Global Smart Plus mobile banking...


Non-life Insurance Premiums Cross Rs 8 Billion in Two Months

Kathmandu – Non-life insurance companies have collected more than Rs 8 billion in premiums in the first two months of the current fiscal year. According to data released by the Nepal Insurance Authority, non-life insurers recorded a total business...


Non-Life Insurance Companies Collect Over Rs 8 Billion Premium in First Two Months of FY

Kathmandu — Non-life insurance companies in Nepal have earned more than Rs 8 billion in total insurance premiums during the first two months of the current fiscal year. According to data released by the Nepal Insurance Authority, 14 non-life...


Siddhartha Premier Insurance Swiftly Settles Claims from Gen Z Protests

Kathmandu — Siddhartha Premier Insurance has taken the lead in settling insurance claims arising from the recent Gen Z protests, underlining its commitment to providing fast and reliable financial relief to affected policyholders. The company confirmed that it has...


Sanima Reliance Life Conducts Training on Institutional Ethics and AML Compliance

Kathmandu – Sanima Reliance Life Insurance Limited has completed a two-day residential training program aimed at enhancing employees’ knowledge and skills in institutional ethics, corporate culture, and the prevention of money laundering and terrorist financing. The training, titled “Institutional...


Nepal Re CEO Files Police Complaint Citing Safety Concerns

Kathmandu – Surendra Thapa, Chief Executive Officer of Nepal Reinsurance Company, has filed a complaint with the Metropolitan Police Complex, Kathmandu, citing concerns for his personal safety. Thapa, who had not been seen at his office for the past...