Life insurance Companies Collected 22 Million Rupees from Term of Insurance 

Kathmandu : In the two months of the current financial year 2022/023, life insurance companies have managed to earn insurance premiums worth 219.6 million 66 thousand rupees from term of life insurance policies.According to the financial statement published by...


IGI Prudential conducts Insurance Agent Training Porgram, SEE pass eligible to participate

Kathmandu : IGI Prudential Insurance Limited is going to conduct agricultural and livestock insurance agent training program. The training is going to be conducted considering the people who are willing to act as agents in the insurance company. The...


Strictness in Dividend Distribution of Insurance Companies, Regulation of New Rules Regarding Dividend Declaration Kathmandu : Nepal Insurance Authority has issued directive 2080 B.S regarding the financial statements of insurers. In which the authority that has encouraged decentralization of...


Registration of New Agents in the Insurance Authority is Closed from 12th of October

Kathmandu : Nepal Insurance Authority has decided to close the registration in the system for new licenses of insurance agents from 12th of October,2023 A.D. According to the notification issued by the Authority on September 27th since the Insurance...


Guidelines Issued on Financial Statements for Insurers By

Kathmandu : Nepal Insurance Authority has issued Directive 2023 A.D. regarding financial statements of insurers. It is said that the instructions regarding the financial statements of the new insurers have been issued with effect from the 16th of 3rd...


Himalayan Life Insurance Provided Insurance Claim amount of 2.1 Million Rupees

Kathmandu : Himalayan Life Insurance Limited has paid the insurance claim amount. The Kalanki branch of the company has paid 2 million 162 thousand rupees for the claim. In the presence of Kalanki branch head Hemant Tiwari, marketing executive...


The Total Investment of Insurance Companies is over 6 Trillion 27 Billion, Nearly 4 Trillion Rupees reached

Two years ago purchased an insurance policy under AMB plan worth 20 lakhs and equivalent from the Salyan branch of Same Union Life Insurance Company Limited. The insured’s the company paid the claim within 11 days of submitting all...


National Insurance Institute’s Request to Update KYC

Kathmandu : National Insurance Institute has asked to update Customer Identification (KYC) details. The institute issued a notification and requested this on 24th of Ashoj, 2080 B.S (11th of October,2023 A.D). As the KYC related details of the insurance...


Prabhu Mahalaxmi Life’s Actuarial Valuation Report Approved

Kathmandu : Prabhu and Mahalaxmi Life’s actuarial valuation report for the year 2078/79 B.S(2022 A.D) has been approved. On 10th of October, 2023 A.D (23rd of Ashoj, 2080 B.S), the Regulatory Nepal Insurance Authority has approved the actuarial valuation...


Exemption on Renewal of Expired Insurance Policy of SuryaJyoti Life

Kathmandu : SuryaJyoti Life Insurance is going to give a discount on renewing expired insurance policies. The company will give a 35 percent interest discount to the insured when renewing from October 11th to October 17th, 2023 A.D (24th...