Writ Petition Filed Against Nepal Insurance Authority Chairman Sharad Ojha

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...


Guardian Micro Life Insurance to Issue Right Shares

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)....


Sanima Reliance Life Insurance Distributes 8% Cash Dividend to Shareholders

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...


LIC Nepal Announces New Bonus Rates for Insurance Policies

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...


Insurance Agents Raises Concerns Over Regulatory Challenges, Chairman Ojha Remains Unresponsive

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...


Reinsurance Sector Faces Challenges as Climate Change and Urbanization Drive $350 Billion in Losses

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...


LIC Nepal Announces Special Discount on Renewal of Lapsed Policies

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...


Nepal Insurance Concludes AGM, Approves Dividend Proposal

Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on...


WHO Appeals More Aids For Myanmar Earthquake, Operates Highest Level of Emergency

Mandalay – The devastating earthquakes that struck central Myanmar last Friday have triggered a humanitarian crisis, with the death toll now surpassing 2,600 and thousands more injured or missing. The 7.7 earthquake affected many areas including Mandalay has already...


Less Than 1% of All Insurance Claims are for Mental Health Illness in India

Mumbai (Times of India) – Despite regulations requiring health insurance companies to cover mental health treatment, claims for such care in India remain extremely low—accounting for less than 1% of total health insurance claims. This finding, highlighted in the...