Kathmandu – Nepal Insurance Authority (NIA), in collaboration with MetLife, organized the ‘MetLife-NIA Risk Resilience Exchange: Advancing Insurance Excellence’ program to enhance sustainability, capability, and risk tolerance in Nepal’s insurance industry. The event, held at the Marriott Hotel, Naxal,...

Kathmandu – The Nepal Insurance Authority (NIA) has issued a directive instructing insurance companies to provide clear, timely, and easily understandable information regarding loans taken by policyholders against their insurance policies. The Authority has mandated insurers to inform policyholders...

Kathmandu – Pakistan’s Habib Bank Limited (HBL) has finalized an agreement to sell its stake in Himalayan Bank Limited (HBL) to National Life Insurance Company Limited. A formal share purchase agreement was signed between the two institutions last Friday....

Kathmandu – IME Life Insurance Company Limited has successfully concluded its 8th Anniversary Futsal Competition with enthusiastic participation from employees across its corporate and branch offices. The tournament, held under the theme “Health, Unity and Energy through Sports,” brought...

Kathmandu – Nepal Life Insurance Company Limited has appointed Nepal Life Capital Limited as its official share registrar. According to the decision of the company’s board of directors, the appointment will come into effect from Bhadra 15, 2082 (August...

Kathmandu – Sanima GIC Insurance Limited has once again announced the sale of 580,000 units of promoter shares, following the initial offering’s failure to receive applications. Sanima GIC The company had earlier published a notice on 30th Shrawan (August...

The Insurance Regulatory and Development Authority of India (IRDAI) is considering capping annual premium hikes on health insurance policies, a move aimed at striking a balance between affordability for policyholders and sustainability for insurers. The proposal is expected to...

Kathmandu – The Nepal Insurance Association has formally written to the Nepal Insurance Authority, raising concerns over delays in claim settlements by the two reinsurance companies operating in the country. According to the association, insurance companies are facing financial...

Kathmandu — United Ajod Insurance Company Chief Executive Officer (CEO) Kamal Gautam has stressed that insurance claim disputes can be minimized if policyholders clearly understand the terms and conditions of their policies. Speaking during a panel discussion on “Public...

Kathmandu – The size of the insurance fund of Nepal’s life insurance companies has rose to Rs 844.48 billion by the end of the last fiscal year 2081/82, underscoring the sector’s steady expansion and growing financial strength. The figure...