Kathmandu — The government has increased the tax imposed on the income of insurance agents. Through the Finance Bill tabled in Parliament alongside the budget for the upcoming fiscal year, the tax rate on insurance agents’ income has been...

Kathmandu — Unlike previous years, when the budget primarily focused on health insurance while only broadly addressing the insurance sector, this year’s budget appears somewhat different. It seems to place greater emphasis on reforms for non-life insurance companies rather...

Kathmandu — The government has doubled the coverage limit for third-party motor insurance as part of the budget for fiscal year 2026/27. Presenting the budget in Parliament, Finance Minister Swarnim Wagle announced a 100 percent increase in the maximum...

Kathmandu — This year’s national budget has introduced a broader and more interventionist approach to Nepal’s insurance sector, moving beyond the traditional focus on health insurance and placing greater emphasis on strengthening non-life insurance and domestic reinsurance capacity. While...

Kathmandu — The government has unveiled an ambitious expansion plan for Nepal’s insurance sector through the national budget for fiscal year 2026/27, with major policy measures targeting health, agriculture, transport, housing, labor protection and disaster risk management. Presenting the...

Kathmandu — Insurance companies operating in Nepal will once again be required to place 20 percent of their total insured risk with the state-backed Nepal Reinsurance Company under a new budgetary provision announced by the government. Finance Minister Swarnim...

Kathmandu — The amount withdrawn from life insurance companies through policy surrenders has exceeded Rs 11.60 billion in the first 10 months of the current fiscal year, according to the latest insurance sector report published by the Nepal Insurance...

Kathmandu — Health insurance enrollment assistants across Nepal have launched an indefinite pen-down strike, saying long-standing problems within the national health insurance program remain unresolved and accusing the government and the Health Insurance Board of ignoring their concerns. The...

Kathmandu — The recommendation committee formed to nominate candidates for appointment as Chairperson of the Nepal Insurance Authority has officially invited applications. The committee published a public notice on May 27, 2026 calling for eligible candidates to apply for...

Kathmandu — Life insurance companies operating in Nepal generated NPR 120.72 billion in renewal premium income during the first ten months of fiscal year 2025/26 (2082/83). According to financial data released by the Nepal Insurance Authority, the country’s 14...