IME Life Insurance Offers Exclusive Dental Discounts to Policyholders, Agents, and Employees

Kathmandu – IME Life Insurance Company has announced a special discount program for its insured members, agents, and employees at Om Kapan Dental. Under the new initiative, beneficiaries can receive up to a 50 percent discount on scaling services....


PM Karki Pledges Support to Revive the Private Sector After Gen Z Protest Damage

Kathmandu – Prime Minister Sushila Karki has expressed deep concern over the extensive vandalism and arson that affected the private sector during the recent Gen Z protest, pledging that the government is prepared to assist in its recovery. During...


Siddhartha Premier Insurance Initiates Claim Settlements Following Gen Z Protests

Kathmandu – The recent protests on Bhadra 23 and 24 caused widespread riots, vandalism, and arson across Nepal, resulting in extensive damage to infrastructure, businesses, trade, and private property. Initial assessments indicate that insurance claims worth billions of rupees...


Insurance Sector Moves Quickly to Process Gen Z Damage Claims, Over 1800 Surveyors Deployed Nationwide

Kathmandu – The Gen Z protest, which began on Monday, Bhadra 23, has resulted in initial insurance claims totaling approximately NPR 21 billion, covering damages reported up to Bhadra 31. The widespread unrest saw police stations and other government...


Nepal Reinsurance Begins Processing Claims with Hannover Re for Gen Z Losses

Kathmandu – Nepal Reinsurance Company, a government-invested reinsurance firm, has commenced the claim settlement process in collaboration with Germany-based Hannover Re following the extensive arson and vandalism during the Gen Z protest on Bhadra 23 and 24. According to...


IGI Prudential Faces Questions Over Bhatbhateni Insurance Claims, Reinsurance Gaps

Kathmandu — Billions of rupees in public investment have been placed at risk as IGI Prudential Insurance Company finds itself embroiled in controversy over its handling of claims related to the recent nationwide protests. Allegations have been raised against...


Nepal Insurance Company Extends Deadline for Undistributed Right Shares Auction

Kathmandu — Nepal Insurance Company Limited has extended the application deadline for the auction of its undistributed right shares. Initially set to close on Ashoj 5 (September 21), the deadline has now been pushed to Ashoj 8 (September 24),...


Nepal Reinsurance Tops NEPSE in Market Value

Kathmandu — Nepal Reinsurance Company has emerged as the largest company in terms of market capitalization on the Nepal Stock Exchange (NEPSE), overtaking Bishal Bazaar Company. Investor interest in Nepal Reinsurance has remained high despite recent fluctuations in the...


Government Should Ease Insurance and Reconstruction Process, Says Rajendra Malla

Kathmandu — Rajendra Malla, President of the General Insurance Association of Nepal (GIAN) and outgoing President of the Nepal Chamber of Commerce, has urged the government to create a conducive environment for settling insurance claims and covering expenses related...


Himalayan Everest Insurance Begins Settlement of Gen Z Related Claims

Kathmandu – Himalayan Everest Insurance has initiated the process of settling claims for property damages incurred during the recent Gen Z protest. The company announced that it has prioritized a swift payout process to ease the difficulties faced by...