Kathmandu — The Nepal Reinsurance Company (Nepal Re) has disbursed Rs 2.5 billion in advance payments to insurance companies to support swift claim settlements. The company made payments totaling Rs 3.5 billion over two days — on Ashoj 27...

Kathmandu — The Nepal Insurance Authority (NIA) has organized an interaction program focused on agriculture, livestock, and herb insurance with representatives from various insurance companies. The program, held on Wednesday at the Authority’s central office in Kupandol, Lalitpur, aimed...

Kathmandu — Diwas Pokharel has officially assumed his duties as Assistant Director at the Nepal Insurance Authority’s Gandaki Province Office. A welcome program was organized by the provincial office to mark the occasion, where Pokharel was warmly received by...

Kathmandu – In a major shift for Nepal’s insurance industry, several non-life insurance companies have started disbursing advance claim payments to policyholders affected by the recent Gen Z protests, marking a new era of prompt compensation and responsible insurance...

Dhangadhi – ICRA Nepal has reaffirmed the issuer rating of Protective Micro Insurance Limited (ICRA NP-IR) at ‘Double B’, indicating a medium risk in the company’s ability to meet its financial obligations on time. According to ICRA Nepal’s report,...

Kathmandu — The Health Insurance Board has introduced new measures to simplify the referral process for insured patients, particularly those suffering from serious and complex diseases. The Board announced that once a patient has been referred from the first...

Kathmandu — Himalayan Life Insurance Limited has appointed Kapil Kumar Dahal as the Acting Chief Executive Officer (CEO) following the resignation of former CEO Manoj Kumar Lal Karna. According to Company Secretary Ishwar Kumar Sedai, the decision was made...

Kathmandu — NLG Insurance Company Limited has announced that it will be conducting a three-day non-life insurance agent training starting from Ashoj 30 (October 16). The company issued a public notice inviting interested Nepali citizens to participate in the...

Kathmandu — The Board of Directors of Himalayan Life Insurance Company has accepted the resignation of Chief Executive Officer (CEO) Manoj Kumar Lal Karna, following days of protests by the company’s agents and employees. The board’s decision was made...

Kathmandu — Demonstrating swift action and reliability in crisis response, Shikhar Insurance Company has settled 218 insurance claims within just 17 working days, amounting to Rs 420.1 million, for losses caused during the Gen-Z protest on Ashoj 24. Despite...