Kathmandu – The Nepal Insurance Authority organized an interaction and discussion program on insurance with the Sudurpaschim Province government in Dhangadhi, aiming to enhance insurance accessibility and policy formulation in the region. Chief Minister of Sudurpaschim Province, Kamal Bahadur...

Kathmandu – The base rate of commercial banks in Nepal has dropped to a new low, with all 20 operating commercial banks now maintaining a single-digit base rate. This decline is attributed to excess liquidity in banks and financial...

Kathmandu – The Supreme Court has summoned both parties for discussion regarding an interim order in the writ petition challenging the appointment of Sharad Ojha as the Chairman of the Nepal Insurance Authority (NIA), the regulatory body overseeing the...

Kathmandu – A writ petition has been filed in the Supreme Court, challenging the qualifications and age of Sharad Ojha, who was recently appointed as the Chairman of the Nepal Insurance Authority. The petition, registered under case number 081...

Kathmandu – Guardian Micro Life Insurance Limited has announced its decision to issue right shares following its recent Initial Public Offering (IPO). The company’s board of directors finalized this decision in a meeting held on Chaitra 18 (March 31)....

Kathmandu – Sanima Reliance Life Insurance Limited has distributed an 8% cash dividend to its shareholders, following approval from the company’s eighth annual general meeting held on Chaitra 8 (March 21). The dividend amount has been directly deposited into...

Kathmandu – Life Insurance Corporation Limited (LIC Nepal) has made public its new bonus rate for various insurance plans. The updated rates were determined following the approval of the company’s actuarial report by the Nepal Insurance Authority on Chaitra...

Kathmandu – Life insurance agents across Nepal are facing challenges due to certain provisions in the Insurance Regulations, and many are looking to Nepal Insurance Authority Chairman Sharad Ojha for support. Despite his background as an insurance agent, there...

Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters...

Kathmandu – Life Insurance Corporation (Nepal) Limited has announced a special discount offer for policyholders seeking to renew their lapsed insurance policies. The company made the announcement through a public notice, stating that the discount will be available from...