Kathmandu – The initial public offering (IPO) of Nepal Micro Insurance Company has been allotted today, Friday. The allotment process was completed at the office of NIMB Ace Capital Limited, the issue manager for the company. A total of...

Beijing (Reuters) – Tesla is introducing an insurance subsidy for its Model 3 buyers in China as it grapples with slowing global sales and increasing competition in key markets. The U.S.-based electric vehicle (EV) manufacturer announced that customers who...

Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced a special discount for policyholders seeking to renew their lapsed insurance policies. The company has issued a notice stating that from March 6 to 13, policyholders will be able...

Kathmandu – The Nepal Insurance Authority has resumed the online examination application process for insurance agents, which had been suspended since Falgun 13 (February 25).The application process was halted to align with the new provisions introduced under the recently...

Kathmandu – The Securities Board of Nepal (SEBON) is in the final stages of approving the rights issuance of several insurance companies which is worth over Rs 6.3 billion. As per the Nepal Insurance Authority’s directive to increase paid-up...

Kathmandu – The IPO allotment of Nepal Micro Life Insurance Company, originally scheduled for March 6, has been postponed to 7th March, 2025. The allotment process will take place at NIMB Ace Capital Limited, Lazimpat. A total of 1,84,500...

Kathmandu – Nepal Life Insurance Company Limited is set to resume the postponed director election for general shareholders (Group B) on March 15. The election was initially scheduled during the company’s 25th Annual General Meeting (AGM) on February 10...

Kathmandu – Nepal Rastra Bank (NRB) has revised the Unified Directive on Payment System, 2080, introducing new provisions to strengthen digital payment security. The Payment System Department has issued guidelines for licensed institutions to comply with the updated regulations....

Kathmandu – Crest Micro Life Insurance Limited has officially opened its Initial Public Offering (IPO) to the general public starting today. The Nepal Securities Board had approved the issuance of 2.25 million shares at a face value of Rs...

Kathmandu – Insurance agents across Nepal are preparing for protests against the recently approved Insurance Regulation 2081, claiming it curtails their rights. The regulation, passed by the Cabinet on January 11, imposes additional financial burdens on agents, including the...