Insurance claim payment by National Life Insurance, Rukum Branch

Kathmandu :  National Life Insurance Company Limited has provided the insurance claim amount. Rukum West branch of the company organized a program and paid the insurance claim. Gobinda B.K of Bafikot VDC-1 had insured 100 thousand Rupees in the...


Insurance Companies are Prohibited from issuing IPOs at a Premium

Kathmandu: The Public Account Committee of the Parliament has banned insurance companies from issuing IPOs at a premium. Meeting of the Public Account Committee of the Parliament held on 28th of December, 2023 A.D has given such instructions to...


10-Points Directive of the Audit Committee on Insurance, Hydropower and Public Companies

Kathmandu : The Public Audit Committee of the Parliament has discussed the issue of shares issued by insurance companies at a premium price, the issue of capital market and insurance. After receiving a complaint that the insurance company was...


Nepal Life’s Koshi Province level agent meeting and training program has completed

Kathmandu : A 21-member working committee has been selected under the chairmanship of Khadga Bahadur Pariyar from the Koshi province level agent meeting of Nepal Life Insurance Company Limited under the Professional Insurance Agents Association of Nepal. At that...


Collection of nearly 4.5 billion from motor insurance business

Kathmandu : Statistics show that motor insurance has the largest share in the insurance business mandated by the government. The share of mandatory motor insurance in the total share of non-life insurance companies is covered more than 30 percent....


Nepal Bank’s former Branch Manager Koirala is found Guilty of Hacking the Bank’s System and Transferring Funds to his Own Account

Kathmandu : Bhupraj Koirala, former manager of Nepal Bank’s Dillibazar branch, has been found guilty of embezzling the bank’s funds. The special court bench of Khushi Prasad Tharu, Ram Bahadur Thapa and Muraribabu Shrestha convicted Koirala for his guilt...


Nepal Insurance Authority bringing three insurance plans to bear different risk styles, Amended “Panchi Beema” (Poultry Insurance)

Kathmandu :  According to information Officer of the authority, Nirmal Adhikari, Nepal Insurance Authority is going to bring three crop insurance plans at once. Currently, they are counting on food and fruit farming, but they have made separate plans...


United Modi Hydropower is Issuing Rights Shares, Citizens Capital will play the role of Sales Manager

 Kathmandu : United Modi Hydropower Company Limited is going to issue rights shares. The company has appointed Citizens Capital as the sales manager for this work. The agreement was signed by Chairman Narendra Ballav Pant on behalf of United...


Nepal Investment Mega Bank closing the insurance facility of various savings accounts

Kathmandu: Nepal Investment Mega Bank Limited has revised the features of Savings Account Scheme. The insurance facility provided by the bank in various savings accounts is going to be stopped from now on. The bank has informed that the...


Insurance company investment area can be be expanded bank fixed deposit varies

Kathmandu : It seems that insurance companies are not yet able to take the risk of investment. The regulatory body Nepal Insurance Authority has not yet been able to get rid of the fixed deposits of banks. Although the...