Zurich – Swiss Re has announced a strong financial performance for 2024, recording a net income of USD 3.2 billion and achieving a 15% return on equity (ROE). The company’s Board of Directors has proposed an 8% increase in...

Kathmandu – Shikhar Insurance Company Limited has requested insured individuals to submit pending documents for their claim applications filed from December 1, 2024 to February 27, 2025. The company stated that many claims remain unpaid due to incomplete documentation...

Kathmandu – The number of insured individuals seeking intervention from the Nepal Insurance Authority (NIA) has surged as insurance companies struggle to pay claims. Complaints against delayed or denied insurance payouts have been steadily rising, highlighting a growing crisis...

Kathmandu – Himalayan Life Insurance has announced a special discount on interest and penalty fees for renewing expired insurance policies. The offer will be available upto March 13, 2025. According to the company, policyholders can receive up to a...

Kathmandu – Former chairmen of the Nepal Insurance Authority have urged current Chairman Sharad Ojha to uphold the integrity of the regulatory body by resisting political interference and strictly adhering to the law. During a discussion held at the...

Kathmandu – The government has introduced new commission rates for insurance agents, replacing the previous structure set under the Insurance Act 2049. The revised rates, approved under updated insurance regulations, now apply to various types of life insurance policies....

Kathmandu – In light of the increasing levels of non-performing loans (NPL) in banks and financial institutions, Nepal Rastra Bank (NRB) has decided to relax its deposit conditions for its employees’ fixed deposits. Under the new provisions, banks and...

Kathmandu – Sharad Ojha, the newly appointed chairman of the Nepal Insurance Authority (NIA), is set to meet with former chairpersons of the authority today at 2 pm for a discussion. The meeting aims to gather insights from the...

Kathmandu – Sanima Reliance Life Insurance Limited has announced the sale of 1.56 million founder shares, offering existing founder shareholders the first right to purchase them. The company has stated that interested founder shareholders must submit their applications at...

Kathmandu – Asian Life Insurance Company Limited has introduced a special discount on interest charges for policyholders looking to renew their lapsed insurance policies. The company has launched this initiative for fully expired policies that have exceeded six months...