Beijing, China – In a significant move to address challenges in the new-energy vehicle (NEV) sector, China has released its first-ever insurance guidelines tailored for NEVs. The guidelines, announced on Friday last week, aim to reduce high insurance premiums,...

Kathmandu – The Nepal Insurance Professional Society (NIPS) has established a 12-member working committee in Sudurpashchim Province, led by Ganesh Bahadur Saud of Asian Life Insurance. The committee was formed during a meeting of provincial and regional heads of...

Kathmandu – MetLife Nepal, in partnership with Ear Care Nepal, is set to launch a 10-week “School Ear Health Program” targeting 2,400 students from government schools in Kathmandu, Bhaktapur, and Lalitpur districts. The initiative aims to identify, prevent, and...

Kathmandu – Life insurance companies in Nepal have collected Rs 1.66 billion in premiums from foreign employment insurance policies in the first six months of the current fiscal year. As per the Nepal Insurance Authority, 14 life insurance companies,...

Kathmandu – Sun Life Insurance Company has announced a special discount of up to 75% on the interest charged for renewing expired insurance policies. The company stated that this limited-time offer will be available from January 23 to 31....

Kathmandu – Rajendra Maharjan, Deputy Director of the Nepal Insurance Authority, represented Nepal at the second IFSCA-IRDAI-GIFT IFSC Global Reinsurance Summit held in Mumbai, India, from January 20 to 22, 2025. During the summit, Maharjan highlighted the challenges and...

Kathmandu – Life insurance companies in Nepal have collectively amassed Rs 1.287 billion in premiums through micro insurance policies during the first six months of the current fiscal year, as per the Nepal Insurance Authority’s recent report. National Life...

Kathmandu – The surrender of life insurance policies in Nepal has reached a significant figure, with policies worth Rs 7.46 billion being surrendered by the end of the Poush month (mid-January). According to the latest data from the Nepal...

Kathmandu – According to the data released by Nepal Insurance Authority, Non-life insurance companies in Nepal recorded a total business of Rs 20.88 billion by the end of the Poush month in the current fiscal year, marking a 7.67%...

Kathmandu – Non-life insurance companies in Nepal have collectively earned insurance premiums worth Rs 20.88 billion during the second quarter of the current fiscal year, according to data released by the Nepal Insurance Authority. The premium income reflects the...