Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC) is set to auction 492,577 unallocated right shares (general group) starting from February 3. The minimum price for the shares has been fixed at Rs 100 per unit. Interested individuals, companies,...

Kathmandu – The Nepal Insurance Authority (NIA) has reported that the four non-life microinsurance companies operating in Nepal collected a combined premium of over Rs 422.9 million during the first six months of the current fiscal year. Among the...

Kathmandu – The three micro-life insurance companies operating in Nepal have collectively earned Rs 512.9 million in insurance premiums during the first six months of the current fiscal year, according to data released by the Nepal Insurance Authority. Guardian...

Kathmandu – Despite government efforts to expand insurance coverage, the scope of life insurance in Nepal has narrowed, with only 16.81% of the population covered as of end of the Poush month in the current fiscal year. This marks...

Kathmandu – National Life Insurance Company Limited recently organized a two-night, three-day event titled “Leader’s Night with Bhushan Dahal” at Hotel Seven Star, Sauraha, Chitwan. The program recognized and celebrated the achievements of agents who excelled under the Agent...

Kathmandu – The Nepal Insurance Authority is set to extend the deadline for the capital increase of two reinsurance companies—Nepal Reinsurance Company and Himalayan Reinsurance by one year. The decision follows the Government of Nepal’s indication that there is...

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...

Kathmandu – A total of twelve individuals have submitted applications for the post of chairman of the Insurance Authority, the regulatory body overseeing Nepal’s insurance sector. According to the Ministry of Finance, the application process, which concluded on last...

Kathmandu – The Nepal Insurance Authority has intensified its efforts to curb the flow of black money into the insurance sector, particularly through single premium and high-value insurance policies. In response to growing concerns, the Authority is preparing to...

Kathmandu – NLG Insurance Company is set to auction 320,533.22 units of unallocated right shares starting from February 2, 2025. The auction follows the completion of the company’s recent right share issuance, during which a significant portion of the...