IME Life Insurance Delays Annual General Meeting, Cites Pending Approval from Regulator

Kathmandu – IME Life Insurance Company has notified the Nepal Stock Exchange (NEPSE) about its inability to conduct its annual general meeting (AGM) within the stipulated deadline of end of the Poush month. The delay is attributed to the...


Sanima Reliance Life Insurance Requests Shareholders to Deposit Tax for Bonus Shares

Kathmandu – Sanima Reliance Life Insurance has urged its shareholders to deposit the required amount for tax purposes to receive the 18.3811 percent bonus shares approved during the company’s general meeting held on October 9, 2024. According to the...


MetLife Nepal Launches ‘Always with You’ Program to Enhance Customer Engagement

Kathmandu – MetLife Nepal has introduced a new initiative, the MetLife ‘Always with You’ program, aimed at deepening its relationship with customers and providing continuous support. The program reflects the company’s commitment to delivering personalized and customer-centric services while...


IME Life Insurance Honors COT and MDRT Achievers

Kathmandu – IME Life Insurance has honored its top-performing agents for achieving their COT (Court of the Table) and MDRT (Million Dollar Round Table) targets. The company hosted a grand ceremony on Saturday at Hotel Moon & Restaurant in...


Nepal’s Commercial Banks Report Rs 30.5 Billion Profit in Five Months

Kathmandu – Nepal’s commercial banking sector has reported a combined profit of Rs 30.5 billion by the end of Mangsir (mid-December, 2024) in the current fiscal year 2081/82. According to data from Nepal Rastra Bank, this figure marks a...


Nepal Life Insurance Declares 21.05% Dividend

Kathmandu – Nepal Life Insurance has announced a dividend for its shareholders from the profit earned in the fiscal year 2080/81. The decision was made during the board of directors meeting held on January 10. The company has declared...


Progressive Premium System Proposed for Nepal’s Health Insurance Program

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,...


United Ajod Insurance Urges Policyholders to Submit Required Documents for Claim Payment

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...


Wildfires Devastate Los Angeles, Leaving Affected Residents Concerned About Insurance Claims

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...


Nepal Micro Insurance Company to Launch IPO for Nepali Workers Abroad from January 21

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...