NIC Asia Bank is once again selling 801476 shares of SuryaJyoti Life Insurance

Kathmandu, Nic asia bank ltd has announced the sale of 801,476 promoter shares Suryajyoti Life Insurance Company Limited again. This time bank puts 8,01,476 number of shares at sale. The company has set a minimum price of NPR 208...


Rastriya Beema jeevan Beema Company Announces Bonus on All Insurance Policies

Kathmandu, The government-owned Rastriya jeevan beema Company has announced the bonus rate for the financial year 2080/81. The company has set a bonus rate of Rs. 60 per thousand per year for all life insurance policies issued by the...


Sanima Reliance Life Insurance Hosts Grand Club Achievers Event 2081 in Kathmandu

Kathmandu, Sanima Reliance Life Insurance successfully held its much-anticipated Club Achievers Event 2081 at The Soaltee Hotel Kathmandu, celebrating the outstanding achievements of agents who excelled in the company’s prestigious club schemes. The event brought together successful agents from...


Nepal’s Insurance Industry in Turmoil amidst Regulatory Corruption and Disputes

  Kathmandu, Nepal’s insurance industry is currently grappling with significant turmoil as the Insurance Regulatory Authority faces accusations of unethical practices and corruption. Allegations have surfaced that the regulatory body has been attempting to secure a share of commissions...


NIA Implemented new rule that can cancel insurance agent’s license

Kathmandu; Nepal Insurance Authority (NIA) has implemented a new directive that can be cancel the license of insurance agents. revising the standards for the institutional governance of insurer. A new provision has been inserted to revoke the insurance agent’s...


Indian Government able to earn about IRS 92 billion

India govt open to selled stake in GIC Re, LIC in FY24/25, says source Delhi (Reuters)  – The Indian government is likely to sell a minority stake in General Insurance Corporation of India and Life Insurance Corporation of India...


Extending the Term Period of the Chairman of the Nepal Insurance Association Without Holding the General Meeting

Kathmandu ; There is a record that most of the insurance company cannot conduct there Annual General Meeting in time due to late submission of actuary valuation testing. However, a national organization like Nepal Insurance Association, which is not...


Insurance Authority’s suggestions in upcoming Budget regarding discount on Insurance Premiums

Kathmandu; The Insurance Authority has submitted a proposal that the budget for the next financial year should be brought in such a way that it will help to expand the reach of the insurance sector. Chairman of Insurance Authority...


Himalayan Everest Insurance paid the Claim amount of the Third Party Insurance

Kathmandu; Insurance company has been providing the insurance claim amount during any accident or incident occurred during the ride of the vehicle or damage occurred to vehicle. Himalayan Everest Insurance has paid the insurance claim of the third party...


Prabhu Mahalaxmi Life’s agent leadership and capacity building program completed

Kathmandu; Prabhu Mahalaxmi Life Insurance has been conducting agent leadership development and capacity building programs at various places. At the same process, the company has completed an agent leadership development and capacity building program in Lamki of Kailali district...