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...

Kathmandu – A discussion and interaction program on the importance of insurance, organized by the Nepal Insurance Authority, was held in Sabhapokhari Rural Municipality, Sankhuwasabha district, with the aim of raising awareness about the necessity of insurance for local...

Kathmandu – The Nepal Insurance Authority has taken a significant step in expanding its insurance offerings with the introduction of a pig-specific insurance policy. The decision, which was issued on Poush 4 (December 19, 2024), marks a shift from...

Kathmandu – The Nepal Association of  Financial Journalists (NAFIJ) has taken a historic step to ensure the safety and well-being of its members by providing group accident insurance worth Rs 165 million. This initiative covers 235 NAFIJ members and...

Kathmandu – The second annual general meeting of the government-owned Rastriya Beema Company Limited was held at Anmol Catering Services Pvt. Ltd., Shankhamul, Kathmandu today, where shareholders raised critical concerns over the company’s financial management and practices. A significant...