Nepal Life Insurance Receives ICAN’s Best Annual Report Award 2024

Kathmandu — As Nepal Life Insurance Company approaches its 25th anniversary, it has added a prestigious recognition to its legacy by winning the Best Annual Report Award 2024, presented by the Institute of Chartered Accountants of Nepal (ICAN). The...


Top Performing Agents of Suryajyoti Life: How Kamal, Gaurav, and Deepak Became Leading Agents

Kathmandu – Suryajyoti Life Insurance Company Limited has announced its top-performing agents for the fiscal year 2081/82, recognizing the dedication and business success of three standout individuals: Kamal Prasad Ghimire from Butwal, Gaurav Kumar Shahi from Nepalgunj, and Deepak...


MetLife Nepal Partners with National Cricket Captains to Promote Life Insurance Awareness

Kathmandu – In a landmark initiative, MetLife Nepal has announced its partnership with national cricket team captains Rohit Paudel and Indu Berma to advocate for life insurance as a vital tool for financial protection and future planning. This collaboration...


Insurance Authority to Fast-Track Pending Cases Under New Leadership

Kathmandu — The Nepal Insurance Authority has initiated preparations to fast-track the resolution of long-pending cases under the leadership of newly appointed Chairman Sebantak Pokharel. In a bid to expedite the process, the Authority plans to mobilize not only...


Tesla Debuts in India; Insurers Roll Out Special EV Covers

Mumbai — Tesla has officially entered the Indian market with the launch of its first showroom in Mumbai on July 15, showcasing the Model Y in two variants: Rear-Wheel Drive (₹60 lakh) and Long Range Rear-Wheel Drive (₹68 lakh+)....


Government Revises Health Insurance Decision, 13 Hospitals Reinstated as First Service Points

Kathmandu — The Ministry of Health and Population has revised its decision to remove several hospitals from the list of first service points under the national health insurance program, following widespread protests from health workers, hospital staff, and local...


Munich Re Reports €2.1 Billion Q2 Profit Amid Low Major-Loss Costs

Global reinsurer Munich Re has announced a strong preliminary net profit of €2.1 billion for the second quarter of 2025—up €500 million year-on-year—driven by low major-loss expenditures in its property and casualty (P&C) reinsurance segment. The German reinsurer also...


South Korean Flood Kills More than Dozens, Insurers to Provide Temporary Housing, Relief for Flood Victims

Seoul – In response to the devastating floods caused by five days of relentless rainfall across South Korea, the Non-life Insurance Social Contribution Council has announced a major relief initiative, including the construction of temporary housing and financial donations....


Nepal Insurance Issues 34.783% Right Shares from Today

Kathmandu – Nepal Insurance Company Limited has started issuing 34.783 percent right shares from today, aiming to meet the paid-up capital requirement set by the Insurance Authority. The company received approval from the Nepal Securities Board to issue a...


LIC Nepal Achieves Record Growth in Sudurpaschim and Karnali Province

Kathmandu – Life Insurance Corporation (Nepal) Limited has recorded impressive business growth in the geographically remote provinces of Sudurpaschim and Karnali. Despite the regions’ challenging terrain and limited access, LIC Nepal’s agents have successfully expanded life insurance services to...