Dr. Biswo Nath Poudel Appointed as Governor of Nepal Rastra Bank

Kathmandu — The Government of Nepal has appointed Dr. Biswo Nath Poudel as the new Governor of Nepal Rastra Bank. A meeting of the Council of Ministers held on Tuesday endorsed his name, making him the 18th Governor of...


Chiranjibi Adhikari Elected as Senior Vice President of CAN Federation

Kathmandu — Veteran IT expert Chiranjibi Adhikari has been unanimously elected as the Senior Vice President of the Computer Association of Nepal Federation (CAN), marking a significant leadership transition in the country’s premier information technology organization. Adhikari, who has...


Early Monsoon Arrives, But Is Nepal’s Insurance Sector Ready to Weather the Storm?

The skies over Nepal have turned grey earlier than expected this year. The familiar rhythm of monsoon showers has arrived ahead of schedule, prompting concern rather than relief. According to a regional consensus among South Asian meteorologists, Nepal is...


Supreme Court Demands Cabinet File on Nepal Insurance Authority Chief’s Appointment

Kathmandu — The Supreme Court has ordered the retrieval of the original file from the Council of Ministers concerning the appointment of Sharad Ojha as Chairman of the Nepal Insurance Authority. The order was issued by a joint bench...


Life Insurance Policy Lapses and Surrenders on the Rise, Says Auditor General Report

Kathmandu — Life insurance policies worth over Rs 34.37 billion remain lapsed in Nepal’s insurance sector, according to the 62nd annual report of the Office of the Auditor General. Despite a slight decline in the number of lapsed policies,...


IME Life Insurance Offers Exciting Discounts at Prem Durbar Hotel

Kathmandu — IME Life Insurance Company has partnered with Prem Durbar Pvt. Ltd. to provide exclusive discounts for its policyholders, agents, and employees. Under the agreement, IME Life policyholders will receive a 50% discount on zipline tickets and a...


ConnectIPS Launches Monsoon Cashback Campaign on Life Insurance Premiums

Kathmandu — ConnectIPS has rolled out an attractive cashback campaign titled “Cashback with Safety, with ConnectIPS”, targeting life insurance policyholders across Nepal. The scheme, which began on Jestha 4 and will continue until Shrawan 31 (May 18 – August...


Hong Kong General Insurance Market to Hit $10.9 Billion by 2029: GlobalData

Hong Kong’s general insurance market is projected to grow at a compound annual rate of 5.1%, reaching HK$85.4 billion (US$10.9 billion) in gross written premiums (GWP) by 2029, according to GlobalData. This forecast aligns with the Insurance Authority’s (IA)...


Himalayan Life Insurance Urges Shareholders to Pay Tax on Bonus Shares

Kathmandu — Himalayan Life Insurance Limited has called on its shareholders to deposit the 14% tax applicable on bonus shares approved during the company’s 17th Annual General Meeting held on Falgun 11, 2081 BS. According to the company, shareholders...


Reliable Nepal Life Organizes Motivational Training for Over 200 Agents in Kathmandu

Kathmandu — Reliable Nepal Life Insurance Limited has conducted a motivational program for more than 200 insurance agents from its various branches within the Kathmandu Region. The event took place on Saturday at Basundhara. The program aimed to encourage...