Insurance companies not submitted their financial statements since past year, Facing millions of fines

Kathmandu : Regulatory body Nepal Insurance Authority has warned nine insurance companies for not providing financial details on time. According to Section 84 of the Insurance Act, the financial statements of the previous year should be submitted by the...


The total investment of insurance companies reached fifty seven billion

Kathmandu : According to the provisions of the investment guidelines issued by the Insurance Authority, the currently operating insurance companies have invested amount of 57 billion Rupees. According to the investment guidelines of Nepal Insurance Authority, 28 insurance companies,...


Small non-life insurance company’s investment reached about 1.5 billion

Kathmandu : By the second quarter of the current financial year, the small non-life insurance companies have invested about 1.5 billion. According to the data of the Insurance Authority, 3 small non-life insurance companies have invested 1 billion 417...


The business of three Micro-life insurance companies Is over 40 million Rupees

Kathmandu : By the month of January, micro-life insurance companies have managed to earn a total insurance fee of 42 million 265 thousand Rupees. The three micro-insurance companies that are currently operating have managed to earn the insurance fee...


Nepal Life and National Life’s first premium income increased significantly, 9 companies including SuryaJyoti life decreased

Kathmandu : The portion of first insurance fee in the total business done by life insurance companies till the end of January- February, 2023/2024 A.D (2079/080 Magh), of the current fiscal year 2079/80 has reached above 16 billion Rupees....


Insurance Authority of Nepal Madhesh Province office’s with Insurers, interaction program has completed

Kathmandu : Nepal Insurance Authority Madhesh Province office has completed a interaction program with branch and sub-branch heads of life, non-life and micro insurance in Janakpur area of ​​Dhanusha district. During the discussion, Madhesh Province Office Head Kusum Sharma...


Entering the 57th year of Rastriya Jeevan Beema Company Limited

Kathmandu : The government-owned Rastriy Jeevan Beema Company Limited (Rastriy Beema Sansthan) has entered its 57th year after completing 56 years of establishment. Rastriya Jeevan Beema Company Limited established as an insurance service provider under government ownership has recently...


The Guardian Micro Life’s Chairman Udip Shrestha has took oath of secrecy

The Guardian Micro Life Insurance Company has appointed Udip Shrestha as a new chairman of the company  and he has taken the oath of secrecy. He took the oath of the confidentiality before the Chairman of Insurance Authority Surya...


14 Life Insurance companies succeed to earn own business more than 750 Billion Rupees

Kathmandu : Until the Mid of February 2024 A.D end the of (Magh, 2080 B.S) of fiscal year 2023/2024 A.D (2079/80 B.S), life insurance companies were able to succeed the total business of worth 86 Billion 880 million rupees....


 Life Insurance Company has crossed more than 70.5 billion Rupees on Renewal insurance fee

Kathmandu : Life insurance companies have earned 70 billion 770.2 million Rupees as renewal insurance fee until the 2024 Mid of February and end of Magh month the current fiscal year 2023/024 A.D (2079/80). This has been shown, according...