Kathmandu – The Nepal Stock Exchange (NEPSE) has listed bonus shares of Neco Insurance Company Limited. Today, a total of 17,60,815 of bonus shares, equivalent to 7 percent of the company’s paid-up capital, were listed. With the listing, investors...

Kathmandu – The outstanding claims of life insurance companies in Nepal have surged sharply, raising fresh concerns about the timely settlement of policyholder benefits. According to the fourth quarter financial statements of the last fiscal year published by 14...

Kathmandu – Investment Information and Credit Rating Agency (ICRA) Nepal has reaffirmed the issuer rating of Crest Micro Life Insurance Limited, assigning the company an ICRANP-IR Double B rating. The rating indicates that Crest has adequate capacity to meet...

Kathmandu – Microinsurance companies operating in Nepal have made significant strides in financial investments, totaling approximately Rs 4.80 billion as of the fourth quarter of the last fiscal year 2081/82, according to data released by the Nepal Insurance Authority....

Kathmandu – Asian Life Insurance Company Limited has completed the allotment of its recently issued right shares. Previously, the company had issued right shares in the ratio of 1:0.42 to shareholders listed in NEPSE.  Out of the total 14.2...

Kathmandu – The outstanding insurance claim payments of non-life insurance companies in Nepal have reached Rs 8.03 billion in the fiscal year 2081/82. According to the financial statements published by 14 non-life insurers for the last fiscal year, the...

Kathmandu – Himalayan Life Insurance Limited has organized an orientation program on money laundering prevention, emphasizing compliance with regulatory directives and strengthening internal safeguards. The program was held on Friday at the Hilton Hotel, Kathmandu. Speaking at the event,...

Kathmandu – Nepal Insurance Authority (NIA), in collaboration with MetLife, organized the ‘MetLife-NIA Risk Resilience Exchange: Advancing Insurance Excellence’ program to enhance sustainability, capability, and risk tolerance in Nepal’s insurance industry. The event, held at the Marriott Hotel, Naxal,...

Kathmandu – The Nepal Insurance Authority (NIA) has issued a directive instructing insurance companies to provide clear, timely, and easily understandable information regarding loans taken by policyholders against their insurance policies. The Authority has mandated insurers to inform policyholders...

Kathmandu – Pakistan’s Habib Bank Limited (HBL) has finalized an agreement to sell its stake in Himalayan Bank Limited (HBL) to National Life Insurance Company Limited. A formal share purchase agreement was signed between the two institutions last Friday....