Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has retained its ‘ICRA NP-IR A’ issuer rating after ICRA Nepal reaffirmed the company’s credit profile and removed the ‘Rating Watch with Negative Implications’ status previously assigned to it. An ‘ICRA...

Kathmandu — The Nepal Insurance Authority has approved a new insurance policy designed to cover losses caused by wildlife attacks, bringing human, agricultural, and property damage under the country’s formal insurance system. The policy will come into effect from...

Kathmandu — The Nepal Insurance Authority has urged Parliament’s Finance Committee to amend the Insurance Act every five years and eliminate inconsistencies between the Act and other prevailing laws, arguing that periodic legislative updates are essential to keep pace...

Kathmandu — Nepal’s leading digital payment platform, eSewa, has expanded access to affordable health insurance through its partnership with Shikhar Insurance, offering the Sahara Health Insurance plan entirely through its mobile app. The digital insurance product provides health and...

Kathmandu — The Nepal Insurance Authority has introduced a new set of regulatory requirements to strengthen the implementation of Nepal Financial Reporting Standard (NFRS) 17, requiring insurers to comply with updated rules governing financial reporting, bonus declarations, annual general...

Kathmandu — Nepal Rastra Bank (NRB) has rolled out a new set of regulations requiring banks and financial institutions to tighten oversight of dormant accounts, as part of broader efforts to reduce financial crime and curb the misuse of...

Kathmandu — Minister for Agriculture, Forestry and Environment Gita Chaudhary has said the government is preparing to bring losses caused by wildlife under an insurance framework. Responding to questions during a meeting of the National Assembly on Wednesday, Minister...

Kathmandu — Nepal’s 14 non-life insurance companies issued a combined 2,196,148 insurance policies during the first nine months of the current fiscal year 2025/26 (2082/83), ending mid-April (Chaitra). This compares with 2,192,261 policies issued during the same period last...

Kathmandu — Reliable Nepal Life Insurance Limited’s IBRD Branch has handed over an insurance claim of Rs. 1.385 million to the family of late Sita Devi Rana under a term life insurance policy. The claim amount was presented to...

Kathmandu — The government has brought an early end to Himalayan Reinsurance’s management of the Foreign Employment Insurance Pool, awarding the responsibility instead to the state-owned Nepal Reinsurance Company as part of its policy to strengthen public-sector enterprises. The...