LIC India to Enter Health Insurance Secter, Announces Health Insurer Stake Acquisition by March-End

Mumbai (CNBC) – Life Insurance Corporation of India (LIC) is expected to decide on acquiring a stake in a health insurance company by the end of March, according to its Chief Executive Officer Siddhartha Mohanty. Speaking on Tuesday, Mohanty...


Families of Saurya Airlines Crash Victims Yet to Receive Insurance Compensation

Kathmandu – Families of the victims of the Saurya Airlines plane crash have yet to receive insurance compensation even eight months after the tragedy, raising concerns about delays and negligence from both the airline and government agencies. The National...


Crest Micro Insurance IPO Allotment Concluded Today

Kathmandu – The initial public offering (IPO) of Crest Micro Life Insurance’s has been allotted today. The allotment process was completed at the office of NIMB ACE Capital Limited at 8:30 am today, the issue manager for the company....


IGI Prudential Insurance to Auction Founder Shares

Kathmandu – IGI Prudential Insurance Limited has announced the auction of 80,000 founder shares, open for purchase by the general public. The minimum price for the shares has been set at Rs 205 per share. Interested buyers must apply...


Prabhu Mahalakshmi Life Insurance Announces Founder Shares for Sale

Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced the sale of 274,201 founder shares, registered under the names of five different founder shareholders. The company had initially offered these shares to its existing founder shareholders. However, after...


Deposits and Loans of Commercial Banks Increase in Eight Months

Kathmandu – Commercial banks in Nepal have witnessed a notable rise in both deposits and loans during the first eight months of the current fiscal year 2081/82. According to data from the Nepal Bankers Association, deposit collection increased by...


Sagarmatha Lumbini Insurance Pays Rs 425 Million Insurance Claim to Panchthar Power

Kathmandu – Sagarmatha Lumbini Insurance (Salico) has settled an insurance claim of Rs 425 million to Panchthar Power Company Limited. The payment covers losses incurred under Panchthar Power’s schemes. Salico’s Chief Executive Officer (CEO), Chunky Chhetri, handed over the...


Sun Nepal Life Insurance to Issue 27% Rights Shares

Kathmandu – Sun Nepal Life Insurance has received approval from the Nepal Securities Board to issue 27% rights shares. The company will offer 10,696,320 shares to existing shareholders in a 1:0.27 ratio. The rights shares will be issued at...


Reliable Nepal Life Insurance Announces New Bonus Rates

Kathmandu – Reliable Nepal Life Insurance Company Limited has announced new bonus rates following the approval of its financial status and liability assessment report by the Nepal Insurance Authority on March 10. The revised bonus rates apply to various...


Non-Banking Assets of Commercial Banks Surge by 79.89% in Seven Months

Kathmandu – The non-banking assets (NBAs) of commercial banks in Nepal have increased significantly, rising by 79.89% in the first seven months of the current financial year. According to Nepal Rastra Bank, the total NBAs of commercial banks reached...


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