Himalayan Life Insurance’s 18th AGM Concludes, Approves 8% Cash Dividend

Kathmandu – The 18th Annual General Meeting (AGM) of Himalayan Life Insurance Limited concluded today at Amrapali Banquet, Naxal, Kathmandu, with the approval of key financial and operational agendas for the previous fiscal year. The meeting approved a proposal...


NLG Insurance Partners with UNDP to Launch Inclusive Insurance Program

Kathmandu – NLG Insurance Company Limited is set to implement an inclusive insurance program in partnership with the United Nations Development Programme (UNDP). The initiative will be carried out under the Inclusive Insurance Innovation Challenge (IIC), a competition aimed...


NLG Insurance Urges Policyholders to Complete Pending Claim Processes

Kathmandu – NLG Insurance Company Limited has called on its insured clients to complete their pending claim processes for claims submitted up to the end of Chaitra (up to mid-April). The company has announced that several claims remain unsettled...


Rastriya Jeevan Beema Company Offers 50% Discount on Late Fee for Expired Policies

Kathmandu – Rastriya Jeevan Beema Company has announced a special discount on late fees for the renewal of expired insurance policies. According to the company, a 50 percent discount on the late fee will be provided if the expired...


Air India Crash Triggers Up to 30% Global Surge in Airline Insurance Premiums

The aviation insurance market is bracing for a major shake-up in the aftermath of the catastrophic Air India crash in Ahmedabad, which claimed 241 lives. Industry insiders say the tragedy is expected to send airline insurance premiums soaring worldwide,...


Siddhartha Premier Insurance Puts Promoter Shares Up for Sale

Kathmandu – Siddhartha Premier Insurance Limited has announced the sale of 994,622 units of promoter shares belonging to one of its existing promoter shareholders. However, the company has not disclosed the name of the shareholder involved in the transaction....


Insurance Authority Tightens Oversight of 28 Insurers Amid Growing Concerns

Kathmandu – The Nepal Insurance Authority has ramped up regulatory oversight on 28 insurance companies following growing concerns over policy violations, especially among non-life insurers. The Authority has completed on-site supervision of 12 companies and plans to finish two...


Himalayan Life Offers Up to 100% Discount on Renewal of Expired Policies

Kathmandu — Himalayan Life Insurance Company Limited has announced a special discount scheme on the renewal of expired life insurance policies, including those issued by the former Prime Life, Union Life, and Gurans Life Insurance. According to the company,...


Prabhu Insurance to Distribute 18% Bonus Shares and Cash Dividend

Kathmandu – Prabhu Insurance Limited has announced plans to distribute dividends to its shareholders, pending regulatory and shareholder approval. According to the decision made at the company’s board of directors meeting held on Ashar 8 (June 22), Prabhu Insurance...


Asian Life Insurance to Hold 17th AGM, Announces Bonus and Cash Dividends

Kathmandu – Asian Life Insurance Company Limited has announced it will hold its 17th Annual General Meeting (AGM) on Monday, Ashar 30 (July 14). The decision was made during a recent board meeting. The AGM is scheduled to take...