Kathmandu – The Health Insurance Reform Suggestion Task Force has proposed significant changes to Nepal’s health insurance program, including a progressive premium system and an increase in the premium amount from NPR 7,000 to NPR 15,000 annually. The report,...

Kathmandu – United Ajod Insurance Limited has issued a notice urging policyholders to submit the necessary documents for insurance claims filed until June 19, 2024 in order to proceed with payment. The company stated that while claims were filed...

Altadena, California, (Reuters) – The recent wildfires in the Los Angeles area have left communities like Altadena grappling with profound loss and uncertainty. At least 11 lives have been claimed, and over 10,000 structures have been destroyed or severely...

Kathmandu – Nepal Micro Insurance Company Limited is preparing to launch its Initial Public Offering (IPO) for Nepali citizens employed abroad starting from January 21. The company has received approval from the Securities Board of Nepal to issue 2.25...

Kathmandu – In a landmark move to enhance financial integrity, the Nepal Insurance Authority (NIA) has established a separate Money Laundering Department to intensify surveillance of money laundering activities within the insurance sector. The new department is expected to...

Kathmandu – The Nepal Insurance Authority has issued a one-week ultimatum to Rastriya Beema Company Limited (RBCL) to submit an action plan for the upcoming audit. The directive comes after the company’s repeated non-compliance with prior instructions, prompting the...

Kathmandu – The Ministry of Finance, Government of Nepal, has announced the opening of applications for the position of Chairman of the Board of Directors of the Nepal Insurance Authority. The appointment will be made through an open competition...

Kathmandu – Nepal Rastra Bank (NRB) has issued a directive requiring national identity cards for opening new bank accounts, effective from Magh 1, 2081 (January 14, 2025). The central bank announced the decision through a circular on Thursday, outlining...

Kathmandu – National Life Insurance Company Ltd. successfully organized a specialized training program for its agents and marketing staff in Kolkata, in collaboration with the Insurance Institute of India, College of Insurance. The initiative aimed to enhance the skills...

Kathmandu – NIC Asia Bank Limited has announced the sale of 893,825 shares of SuryaJyoti Life Insurance Company Limited, at a minimum price of Rs 159 per share. These shares were previously reserved for promoter shareholders, but now they...