Kathmandu – The government has introduced new commission rates for insurance agents, replacing the previous structure set under the Insurance Act 2049. The revised rates, approved under updated insurance regulations, now apply to various types of life insurance policies....

Kathmandu – In light of the increasing levels of non-performing loans (NPL) in banks and financial institutions, Nepal Rastra Bank (NRB) has decided to relax its deposit conditions for its employees’ fixed deposits. Under the new provisions, banks and...

Kathmandu – Sharad Ojha, the newly appointed chairman of the Nepal Insurance Authority (NIA), is set to meet with former chairpersons of the authority today at 2 pm for a discussion. The meeting aims to gather insights from the...

Kathmandu – Sanima Reliance Life Insurance Limited has announced the sale of 1.56 million founder shares, offering existing founder shareholders the first right to purchase them. The company has stated that interested founder shareholders must submit their applications at...

Kathmandu – Asian Life Insurance Company Limited has introduced a special discount on interest charges for policyholders looking to renew their lapsed insurance policies. The company has launched this initiative for fully expired policies that have exceeded six months...

Kathmandu – Health and Population Minister Pradip Paudel has suggested collecting a contribution from mobile recharge payments to make Nepal’s health insurance fund more stable and sustainable. During an inspection visit to Bhagiratha Buddhashanti Hospital in Jhapa on Sunday...

Kathmandu – The Special Court has acquitted Surya Prasad Silwal, the former chairman of the Nepal Insurance Authority (NIA), in a corruption case related to allegations of submitting false information regarding his age. The court’s decision came during a...

Kathmandu – Life insurance policy surrenders in Nepal have crossed eight billion rupees by the end of the Magh month (mid-February), reflecting a significant trend of policyholders opting out before the completion of their coverage period. According to data...

Kathmandu – The solvency ratio of life insurance companies in Nepal has reached 2.53 in the second-quarter of current fiscal year. According to the financial statements published by life insurance companies, there has been a slight increase on solvency...

Kathmandu – Sun Nepal Life Insurance has successfully completed its Agency Skill Enhancement Program with grandeur. The program, aimed at enhancing the efficiency and expertise of its agencies, took place at Vision Safari Sauraha, Chitwan, from February 28 to...