Kathmandu — A third former head of the Nepal Insurance Authority has become embroiled in a corruption case. Janak Raj Sharma, a joint secretary who served as acting chairman after the government dismissed then-chairman Sharad Ojha, is now under...

Kathmandu — The government’s decision to introduce a two-day weekend on Saturdays and Sundays, citing a fuel shortage, has created challenges in Nepal’s insurance sector after being enforced across insurance companies. The policy is expected to inconvenience policyholders. Even...

Kathmandu — IMF Managing Director Kristalina Georgieva has called for greater international coordination to ease mounting pressure on the global economy stemming from the ongoing conflict in the Middle East. Speaking at the opening session of the 2026 Spring...

Kathmandu — The Nepal Insurance Authority has approved 21 new insurance policies and 12 new supplementary (rider) contracts by mid-March of the current fiscal year 2025/26. According to the Authority, only life insurance companies have received approvals for rider policies....

Kathmandu — The 8th National Convention (formerly the 3rd) of the Professional Insurance Agents’ Association Nepal, affiliated with the National Trade Union Federation, began on Friday with a grand inauguration in Basundhara. Held under the theme “Unity of Agents...

The Asian Development Bank has warned that the escalating Middle East conflict is increasingly undermining economic prospects across Asia and the Pacific, with rising energy prices, supply disruptions, and financial volatility expected to slow growth and push inflation higher...

Kathmandu — A dispute has intensified between the Nepal Insurance Authority and the Employees Provident Fund (EPF) over cross-shareholding in insurance companies, particularly concerning ownership levels that exceed the regulatory threshold. The issue gained attention after the Auditor General’s...

Kathmandu — Narayan Bajaj has been appointed Chairman of Himalayan Life Insurance following a board decision made on April 6. He represents Laxmi Corp Nepal Pvt. Ltd., a founding shareholder of the company, and was chosen to fill a...

Kathmandu — Samata Gharelu Laghubitta Bittiya Sanstha Limited has informed that 5 percent bonus shares have been credited to the beneficiary (demat) accounts of its shareholders. The 5 percent bonus shares, approved by the company’s 12th Annual General Meeting...

Kathmandu — Asian Life Insurance Company Limited has completed 18 years of operation and officially stepped into its 19th year. The company commenced its business on April 4, 2008. To mark the beginning of its 19th year, the company...