KATHMANDU — Fresh controversy has emerged in Nepal’s insurance sector after reports revealed that Home Minister Sudan Gurung holds shares in Star Micro Insurance Company, a firm allegedly established through irregular licensing practices. The issue traces back to the...

Kathmandu — Neco Insurance Company Limited has come under scrutiny for allegedly offering benefits outside approved policy terms to lure clients away from competing insurers. The Nepal Insurance Authority has sought clarification from the company following reports of irregular...

The move follows recent developments linked to an investigation into activities associated with the Hilton Hotel case, carried out in line with directives from the Commission for the Investigation of Abuse of Authority. After the Authority submitted its report,...

Kathmandu — Citizen Life Insurance Company Limited has paid a total of NPR 753.67 million in insurance claims to policyholders during the first nine months of the fiscal year 2025/26. According to the company, the payments were made in...

Kathmandu — After receiving reports that many employees in insurance companies may have submitted fake academic certificates, the Insurance Authority has launched an investigation and is moving ahead with immediate disciplinary action. There have been repeated complaints suggesting that...

Kathmandu – The government led by Balen has decided to expand the jurisdiction of the anti-corruption authority to allow strict investigation of corruption in the private sector. The proposal is included in the draft Anti-Corruption Strategy for 2025 to...

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....