Neco Insurance Found to Have Issued Insurance Policies Illegally

Kathmandu — Neco Insurance Company has been found to have prepared and sold insurance policies illegally, targeting farmers in buffer zone areas. The company is reported to have disregarded existing insurance regulations and laws, and is said to have...


Sanima Reliance Life Insurance Marks Its 9th Anniversary Today

Kathmandu — Sanima Reliance Life Insurance Limited is celebrating its 9th anniversary today in Kathmandu. The company was formed on March 23, 2023 following the merger of Sanima Life Insurance and Reliance Life Insurance. Since the merger, the organization...


Insurance Authority Cracks Down, Fines Eight Companies

Kathmandu – The Nepal Insurance Authority has fined eight insurance companies for non-compliance with regulatory provisions. The regulator imposed a penalty of two lakh rupees on each company for failing to operate in line with the Insurance Act. According...


Bonus Shares of 6 Companies, Including National Life, Listed

Kathmandu – Bonus shares of six companies from various sectors have been listed on the Nepal Stock Exchange (NEPSE). On Sunday, Sana Kisan Bikas Laghubitta listed 6,145,485 units of bonus shares (14.25%), Nepal SBI Bank listed 4,359,663 units (4%),...


Reliable Nepal Life Kathmandu Region Hosts Semi-Annual Agency Recognition and Motivation Program

Kathmandu – Reliable Nepal Life Insurance Limited’s Kathmandu Region recently hosted a grand Semi-Annual Agency Manager Recognition and Motivation Program on March 20–21, 2026, at Hotel View Bhrikuti in Godawari, Lalitpur. The event was organized to recognize and encourage...


Santosh Prasai, CEO of Prabhu Mahalaxmi Life, Honored with ‘Insurance Category Award’

Kathmandu – Santosh Prasai, Chief Executive Officer of Prabhu Mahalaxmi Life Insurance Limited, has been honored with the Insurance Category Award under the Koshi Excellence Award 2026. This recognition was given in appreciation of his contributions to the insurance...


Trump under pressure after Iran conflict, warns NATO of consequences

Agencies – U.S. President Donald Trump appears to be under growing strain following developments in the conflict with Iran, particularly after reports of major damage to American defense systems in the Middle East. He has also taken his concerns...


Nepal takes major step against tax evasion, joins Global Forum

Kathmandu – Nepal has taken a significant step toward strengthening international tax transparency and combating tax evasion by joining the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 173rd member. With this, Nepal has...


TVS leads Nepal’s auto market as Jagdamba Auto posts Rs 4.42 billion in half-year revenue

Kathmandu – Jagdamba Auto Group, part of the Shanker Group and official assembler and distributor of TVS two-wheelers and three-wheelers in Nepal, has generated nearly Rs 4.42 billion in operating revenue in just the first six months of the...


Neco Insurance issues rebuttal to published news

Kathmandu – Neco Insurance has issued a formal rebuttal regarding a news report published in Beemapost on November 23, 2025, through a letter sent on March 9, 2026. Statement from Neco Insurance: The company has expressed serious concern and...