NIC Asia Bank’s decision to reduce interest rates  from 15th of January

What are the changed rates ? Kathmandu: NIC Asia Bank has decided to reduce the interest rate from the coming mid of January, 2024 A.D. The bank has decided to reduce the interest rate by publishing the new rate...


National Life’s Employee Skill Enhancement workshop completed

Kathmandu : With the slogan “Excel and Elevate 2024 A.D. National Life Insurance Company has completed a three-day “Employee Skill Enhancement Workshop” at Hotel Soaltee Westend Resort located in Chitwan. The conference was held under the chairmanship of Suresh...


National Life’s Employee Skill Enhancement workshop completed

Kathmandu : With the slogan “Excel and Elevate 2024 A.D. National Life Insurance Company has completed a three-day “Employee Skill Enhancement Workshop” at Hotel Soaltee Westend Resort located in Chitwan. The conference was held under the chairmanship of Suresh...


Insurance Authority came up with easy facility for insurance companies with insufficient paid-up capital, except Asian Life

Kathmandu : The Nepal Insurance Authority is going to implement a system that allows companies that have not yet paid their paid-up capital to calculate the amount in reserve. The Authority is making preparations for under-capitalized insurance companies to...


IGI Prudential’s request to the insured to proceed with the claim process which was incomplete

 Kathmandu: IGI Prudential Insurance Limited has requested the insured to speed up the claim payment process. The company has requested to increase the insurance claim payment process up to the fiscal year 2023 A.D. The company has stated that...


Which insurance policy of the life insurance company is preferred by the insured?

Kathmandu : It has been seen that the life insurance companies are still dependent on the term insurance mandated by the government. The government has made term insurance compulsory. It has been found that out of 9 types of...


Sanchit Bajracharya appointed as Chief Executive Officer of Prabhu Insurance

Kathmandu: The Board of Directors of Prabhu Insurance Limited has appointed Sanchit Bajracharya as the Chief Executive Officer of the company for a period of 4 years with effect from 15th of January 2024 A.D. in accordance with Section...


Namita Sharma appointed as an Operator of Suryajyoti Life, Biratnagar

Kathmandu: Namita Sharma has been appointed as the operator of Suryajyoti Life Insurance. The meeting of the board of directors of the company held on 7th of January, 2024 A.D has decided to appoint Namita Sharma from Biratnagar on...


Micro-Insurance companies got permission for third party motor insurance, with a limit of 5 Million Rupees

Kathmandu : Nepal Insurance Authority has amended the micro-insurance directive by increasing the business scope of micro-insurance companies. The Authority has amended the Micro Insurance Directive (2022 A.D). In that decision, it has been arranged that the micro-insurance company...


Death claim payment provided in Morang by Asian Life

Kathmandu : Asian Life Insurance Company has paid the insurance claim on the death of an Insured. Due to the untimely death of the insured ‘Mr. Swayambhu Narayan Thakur’ of Morang located in Biratnagar, the company handed over the...