Nepal Insurance to Hold 76th AGM, Proposes 15% Bonus Share Distribution

Kathmandu – Nepal Insurance Company Limited has announced its 76th Annual General Meeting (AGM) for April 1 at 11 a.m. The meeting will be held at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The decision was made during a board of...


Dr. Raghuraj Kafle Appointed Executive Director of Health Insurance Board

Kathmandu – The government has appointed Dr. Raghuraj Kafle as the new Executive Director of the Health Insurance Board. The decision was made during a Council of Ministers meeting held on Monday evening. Kafle, a resident of Vyas-5, Tanahun,...


National Dialogue on Child Rights Amid Nepal’s Post-LDC Transition

Kathmandu, As Nepal prepares to graduate from the Least Developed Country (LDC) category, concerns over child rights and advocacy have taken center stage. Consortium Nepal organized the “National Civil Society Dialogue on Prioritizing Children’s Issues in Nepal’s Post-LDC Strategy...


Insurance Fraud Attempt: Man Arrested for Setting Fire to His Own Shop

Kathmandu – A man involved in deliberately setting fire to his own shop with the intention of deceiving an insurance company and claiming compensation has been arrested by the police. Ramesh Sharma Lohar, a 28-year-old from Jagarnathpur Rural Municipality...


Insurance Catastrophe Declared for Tropical Cyclone Alfred in Australia

Insurance Council of Australia Sydney – The Insurance Council of Australia (ICA) has declared an Insurance Catastrophe for the southeast Queensland and northern New South Wales regions following the impact of Tropical Cyclone Alfred and subsequent storms since Friday,...


Commercial Banks Earn Rs 36.67 Billion in Net Profit in First Seven Months

Kathmandu – The 20 commercial banks currently operating in Nepal have collectively earned a profit of Rs 36.67 billion in the first seven months(mid-July to mid-February) of the current financial year. This marks a 1.62% increase compared to the...


Prabhu Insurance Requests Insured to Submit Pending Claim Documents

Kathmandu – Prabhu Insurance Limited has requested insured clients to submit any missing documents related to their claim applications made till the end of the Magh month (mid-February) of the current financial year to facilitate claim payments. According to...


Last Day to Apply for Crest Micro Life Insurance IPO

Kathmandu — Today marks the final day to apply for the initial public offering (IPO) of Crest Micro Life Insurance Limited, which opened on March 6. The company had received approval from the Securities Board of Nepal to issue...


Non-Life Insurance Companies Pay Rs 3.56 Billion in Flood and Landslide Claims

Kathmandu – Non-life insurance companies have paid a total of Rs 3.56 billion in claims following the damage caused by the floods and landslides that occurred last September. According to the Nepal Insurance Authority, the claims were settled by...


New Branch Committee Formed at Nepalgunj by Professional Insurance Agents Association

Kathmandu – The Professional Insurance Agents Association of Nepal Insurer National Life Insurance’s Nepalgunj branch has formed a new branch committee through a large gathering of agents. The event marked with a significant step in strengthening the association’s presence...