Kathmandu — Rastriya Jeevan Beema Company Limited has announced the bonus rate for the fiscal year 2069/70. The company has maintained a bonus rate of Rs 55 per thousand sum assured per annum on all types of life insurance...

Kathmandu — Life Insurance Corporation (Nepal) Limited (LIC Nepal) has announced its 23rd Annual General Meeting (AGM), scheduled for Monday, Ashar 30 (July 14), at the Nepal Administrative Staff College, Jawalakhel, Lalitpur, starting at 11:45 AM. The decision to...

Kathmandu — Serious irregularities have surfaced in the management of life insurance premiums by the Citizens Investment Trust (CIT), raising concerns about financial transparency and accountability within the public investment system. An internal communication received by the Fund from...

Kathmandu — Sanima Reliance Life Insurance has successfully conducted a two-day skill development training program aimed at enhancing the professional capabilities of its insurance agents. The program was held at a resort in Bardiya on June 14 and 15,...

Kathmandu – An ongoing investigation into unauthorised cashback practices has sent shockwaves through Nepal’s non-life insurance industry, with the Insurance Authority intensifying its oversight and aiming to eliminate the practice entirely. Cashback—an illegal incentive offered to secure large insurance...

Kathmandu — NLG Insurance Company Limited has appointed an external auditor for the current fiscal year during its 19th Annual General Meeting (AGM) held on Jestha 29 (June 12). The meeting approved the appointment of S. C. Lal Associates...

Kathmandu — Nepal Insurers’ Association President Birendra Baidwar Chhetri has emphasized the urgent need for a specialized insurance policy tailored for the hydropower sector, citing the unique risks and requirements associated with it. Speaking at a program held to...

Kathmandu – Chairman of the Nepal Insurance Authority, Sharad Ojha, has assured that the regulatory body is actively working to address the challenges in hydropower insurance and bring about swift reforms to ensure smoother operations in the sector. Speaking...

Kathmandu – The Nepal Insurance and Risk Management Association (NIRMA) celebrated its sixth anniversary by honoring individuals and organizations that have significantly contributed to its growth and success. At a special ceremony held in Kathmandu, the Chairman of Nepal...

Kathmandu — Nepal Reinsurance Company Limited has announced its intention to invest in term deposits and has called on eligible institutions to submit sealed proposals. In a public notice issued on Wednesday, the company invited proposals from national-level banks...