Kathmandu – Himalayan Everest Insurance Limited has issued a public notice urging policyholders to promptly submit pending documents necessary for claim settlements. According to the company, several claim applications submitted over different periods remain incomplete due to missing documentation....

Kathmandu — Concerns are mounting over the Nepal Insurance Authority’s delay in investigating a share conversion controversy involving Salico Insurance, formerly Sagarmatha General Insurance Company. A complaint alleging large-scale irregularities in the conversion of promoter shares into general shares...

Kathmandu —General Insurance Association Nepal (GIAN) has formally requested the Nepal Insurance Authority to address several challenges within the country’s insurance regulatory framework, particularly concerning reinsurance and reserve fund provisions. In a statement issued by the association, concerns were...

Kathmandu — The Nepal Insurance Authority has issued a strong warning to insurance companies following a surge in complaints from policyholders about delays and unfair treatment. In a circular released on Tuesday, the Authority instructed insurers to settle claims...

Kathmandu — Life insurance and microinsurance companies operating across Nepal have collectively generated over Rs 155.15 billion in insurance premiums across all seven provinces by the end of Jestha month, according to data released by the Nepal Insurance Authority....

Kathmandu — Mero Microfinance Laghubitta Bittiya Sanstha Limited has issued a public notice inviting sealed bids for insurance services, targeting both its employees and members. According to the announcement, the company is seeking proposals for group term life insurance...

Kathmandu – In just two years, Charchit Shrestha—a former photographer and businessman from Parbat—has become a rising figure in Nepal’s life insurance landscape, bringing a fresh wave of professionalism, empathy, and regional impact through Citizen Life Insurance. Currently serving...

UN High Commissioner for Human Rights, Volker Turk, delivered the stark warning at the UN Human Rights Council this week, as parts of southern Europe sweltered under a red-alert heatwave. With temperatures hitting 41°C in cities like Brussels and...

Kathmandu – Sun Nepal Life Insurance Company Limited has officially announced new bonus rates for its life insurance policyholders following the approval of its actuarial valuation report by the Nepal Insurance Authority on Ashar 15 (June 29). The newly...

Kathmandu – Life insurance companies in Nepal are still struggling to recover more than Rs 700 million in loans disbursed to their insurance agents, raising concerns about compliance with regulatory directives and financial discipline within the industry. According to...