Nepal Insurance Authority bringing three insurance plans to bear different risk styles, Amended “Panchi Beema” (Poultry Insurance)

Kathmandu :  According to information Officer of the authority, Nirmal Adhikari, Nepal Insurance Authority is going to bring three crop insurance plans at once. Currently, they are counting on food and fruit farming, but they have made separate plans...


United Modi Hydropower is Issuing Rights Shares, Citizens Capital will play the role of Sales Manager

 Kathmandu : United Modi Hydropower Company Limited is going to issue rights shares. The company has appointed Citizens Capital as the sales manager for this work. The agreement was signed by Chairman Narendra Ballav Pant on behalf of United...


Nepal Investment Mega Bank closing the insurance facility of various savings accounts

Kathmandu: Nepal Investment Mega Bank Limited has revised the features of Savings Account Scheme. The insurance facility provided by the bank in various savings accounts is going to be stopped from now on. The bank has informed that the...


Insurance company investment area can be be expanded bank fixed deposit varies

Kathmandu : It seems that insurance companies are not yet able to take the risk of investment. The regulatory body Nepal Insurance Authority has not yet been able to get rid of the fixed deposits of banks. Although the...


Sun Nepal Life provided the claim payment to Khan who became disabled during foreign employment

Kathmandu : Sun Nepal Life Insurance Company has paid a claim of 1.2 million Rupees to Mohammad Ebrahan Khan who got disabled during foreign employment. According to the company, Khan is the only son of Sunsari resident Kabir Mia...


LIC is paying 27% as commission from first-year premium

The Irdai has released it annual report today. The report has highlighted the fact that how much commission has been paid by the life insurance companies to their agents. The report further states that despite hike in commission paid,...


We have brought guidelines to provide access to reinsurance companies with good ‘ratings’ at the international level: President Silwal

Kathmandu : Chairman of Nepal Insurance Authority Surya Prasad Silwal has said that the authority has made necessary policy arrangements so that insurance companies can re-insure with internationally rated reinsurance companies. In an interaction between the Insurance Authority and...


Prachanda’s announcement to change the working style of the government started from the Prime Minister’s office

Kathmandu : Prime Minister Prachanda has said that the working style of the government will be completely changed in the second year. Addressing the countrymen on the occasion of the completion of one year of assuming the office of...


IMF reclassifies India’s exchange rate regime to ‘stabilized arrangement’

The IMF reclassified India’s exchange rate regime to “stabilized arrangement” from “floating” due to likely interventions by the Reserve Bank of India, noted in an Article IV review. The IMF disagreed with India’s perspective, emphasizing the need for a...


The business of billions postponed when the file of the reinsurance company’s country credit rating was pending at the Insurance Authority a loss of three billion this year alone.

Kathmandu : The Nepal Reinsurance Company’s business worth billions has been stopped because the country credit rating file of the Nepal Insurance Authority is stuck in the insurance authority. Shankar Kumar Rayamajhi the current CEO of the company has...