Kathmandu- The Nepal Insurance Authority has directed insurance companies to adopt a standardized format for preparing and publishing financial statements, aiming to ensure consistency and transparency across the industry. Susil Dev Subedi, Director of the Nepal Insurance Authority, informed...

Kathmandu – The Nepal Insurance Authority (NIA) has introduced stricter guidelines for dividend distribution among insurance companies, mandating additional compliance measures before approving dividends. Under these new regulations, insurance companies must meet updated standards, including submitting an audit report...

Kathmandu – Rastriya Beema Company Limited (RBCL), a government-supported insurer, is drawing criticism for delays in processing claims filed by victims of recent floods and landslides. Despite instructions from government and regulatory authorities to expedite relief, no claims have...

Kathmandu – Insurance companies in Nepal have disbursed a total of NPR 471.1 million to policyholders affected by severe flooding on September 27 and 28. Leading the charge, Shikhar Insurance has paid NPR 251.9 million, accounting for over half...

Kathmandu – The Nepal Insurance Authority has issued a revised circular updating the format for quarterly financial statements for all life and non-life insurance company. The updated guidelines aim to provide clearer, standardized financial disclosures across the insurance sector,...

Kathmandu – Ram Bahadur Oli, a central member of the Professional Insurance Agents Association of Nepal and senior agency manager of Nepal Life Insurance Company has passed away. He was a prominent figure in Nepal’s insurance sector, recognized for...

Kathmandu – Prabhu Mahalakshmi Life Insurance Limited has published its financial results for the first quarter of the current fiscal year, showing a significant 25.74% increase in profit compared to the same period last year. The company’s profit reached...

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) has received an upgraded rating from ICRA Nepal, elevating its previous ‘A’ rating to ‘A Plus’. This development, announced in a statement from ICRA Nepal on October 30, underscores the...

Kathmandu – As Nepal grapples with increasing natural disasters, including floods, landslides, and earthquakes, the need for a robust, inclusive insurance system has never been more pressing. Insurance, as highlighted at the 2024 International Conference on Inclusive Insurance (ICII)...

Kathmandu, Spandan Global Events and Publications has launched the Spandan Global Art Journey, a remarkable international campaign set to span 100 countries in 100 months, showcasing the rich diversity of Indian art across the world. Following its extensive National...