Kathmandu – The Patan High Court has ordered SuryaJyoti Life Insurance to pay Rs 1 million, along with interest, to Angad Khadka of Bhaktapur, who has been bedridden due to a severe illness. The decision was issued by a...

Kathmandu – Allegations of irregularities have surfaced against Sagarmatha Lumbini Insurance Company (SALICO) regarding the conversion of promoter shares of the then Sagarmatha Insurance Company into general public shares. The process, which was supposed to adhere to the approval...

Kathmandu – Minister for Health and Population, Pradip Paudel, has announced plans to raise the current health insurance coverage from Rs 100,000 to Rs 500,000. Speaking at a program in Bhaktapur on Sunday, Minister Paudel emphasized that the increase...

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC) is set to auction 492,577 unallocated right shares (general group) starting from February 3. The minimum price for the shares has been fixed at Rs 100 per unit. Interested individuals, companies,...

Kathmandu – The Nepal Insurance Authority (NIA) has reported that the four non-life microinsurance companies operating in Nepal collected a combined premium of over Rs 422.9 million during the first six months of the current fiscal year. Among the...

Kathmandu – The three micro-life insurance companies operating in Nepal have collectively earned Rs 512.9 million in insurance premiums during the first six months of the current fiscal year, according to data released by the Nepal Insurance Authority. Guardian...

Kathmandu – Despite government efforts to expand insurance coverage, the scope of life insurance in Nepal has narrowed, with only 16.81% of the population covered as of end of the Poush month in the current fiscal year. This marks...

Kathmandu – National Life Insurance Company Limited recently organized a two-night, three-day event titled “Leader’s Night with Bhushan Dahal” at Hotel Seven Star, Sauraha, Chitwan. The program recognized and celebrated the achievements of agents who excelled under the Agent...

Kathmandu – The Nepal Insurance Authority is set to extend the deadline for the capital increase of two reinsurance companies—Nepal Reinsurance Company and Himalayan Reinsurance by one year. The decision follows the Government of Nepal’s indication that there is...

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...