National Life Insurance Honors Hundreds of Top Agents at Chairperson Club Program

Kathmandu – National Life Insurance Company Limited successfully concluded its three-day “Chairperson Club, Training and Honor Program” under the theme Elite Leaders Conclave at Hotel Royal Tulip, Lalitpur. The event recognized and trained 526 outstanding agents who met their...


Himalayan Life Insurance Appoints Gopal Ghimire as Independent Director

Kathmandu -Himalayan Life Insurance Limited has appointed Gopal Ghimire as the company’s new independent director. The decision was made during the 56th meeting of the company’s board of directors, held on Friday afternoon, Kartik 21(November 7). The company stated...


Suryajyoti Life Insurance Expands Branch Network to Khajura and Gamgadhi

Kathmandu – Suryajyoti Life Insurance Company has expanded its branch network by opening new offices in Khajura of Banke district and Gamgadhi of Mugu district. The new branches aim to make life insurance services more accessible to the general...


Micro Non-Life Insurance Companies Earn Over Rs 268 Million in First Quarter

Kathmandu: Micro non-life insurance companies in Nepal have collected a total insurance premium of more than Rs 268.1 million in the first quarter of the current fiscal year 2082/83 (Shrawan to Ashoj), according to data released by the Nepal...


Jamaica to Receive $150 Million Payout from World Bank Catastrophe Bond After Hurricane Melissa

Washington — Jamaica will receive a full payout of $150 million under its catastrophe insurance with the World Bank following Hurricane Melissa. The payout comes from a catastrophe bond issued in 2024 by the World Bank (IBRD, AAA/Aaa). Third-party...


Commercial banks earn Rs 13.14 billion in profit in first quarter of the Current FY

Kathmandu – Commercial banks in Nepal have earned a total profit of Rs 13.14 billion in the first quarter of the current fiscal year 2082/83, according to the financial statements made public by the banks. The figure represents a...


Development Banks Record Profit of 783.4 Million in First Quarter of the Current FY

Kathmandu: The profits of national-level development banks have declined sharply in the first quarter of the current fiscal year 2082/83. According to the banks’ financial statements, their combined profits have fallen by 45.2 percent compared to the same period...


Non-life insurance Companies collect Rs 12.92 billion in premiums in first quarter

Kathmandu – Non-life insurance companies in Nepal have collected a total premium of Rs 12.92 billion in the first quarter of the current fiscal year (FY), according to data released by the Nepal Insurance Authority (NIA). Among the seven...


Six Arrested in Kathmandu for Faking Car Accident to Claim Insurance

Kathmandu –  Police have arrested six individuals on charges of fabricating a car accident and submitting false documents to claim insurance from Nepal Micro Insurance Company. According to officials from the District Police Office, those taken into custody include...


Micro Life Insurance Companies Collect Rs 247.4 Million in First Quarter

Kathmandu – Micro life insurance companies in Nepal have collected a total insurance premium of Rs 247.4 million in the first quarter of the current fiscal year 2082/83, according to data from the Nepal Insurance Authority. Among the three...