Banks Earn Nearly Rs 7 Billion from Stock Market in Nine Months

Kathmandu — Commercial banks have earned nearly Rs 7 billion from the stock market in the first nine months of the current fiscal year 2081/82. According to financial data, the 20 operating commercial banks collected Rs 6.88 billion in...


Health Insurance Service Set to Resume at Kesharpur Primary Health Centre in Baitadi

Kathmandu — The health insurance service at the Kesharpur Primary Health Centre (PHC) in Melauli, Baitadi, is set to resume after a two-year pause, according to the Health Insurance Board. Jaman Badal, Chief of the Health Insurance Board in...


Swiss Re Warns of $300 Billion Peak-Year Losses as Climate Risks Escalate

Zurich (Swiss Re) – Global insured losses from natural catastrophes could surge to $145 billion this year, continuing the long-term annual growth trend of 5–7%, according to the Swiss Re Institute’s latest sigma report. The rise is driven primarily...


Nepal Insurance Authority Introduces Automatic Membership Cancellation for Inactive Insurers

Kathmandu – The Nepal Insurance Authority has enforced a new directive under which insurance companies will automatically lose their Group Insurance Fund membership if they fail to issue foreign employment insurance policies for three consecutive months after receiving approval...


Insurance Authority Chair Sharad Ojha May Face Legal Action Under Corruption Act

Kathmandu – Sharad Ojha, the current Chairman of the Nepal Insurance Authority, may face legal action under the Prevention of Corruption Act 2059 after allegations emerged that he misled the Government of Nepal by submitting false information during his...


Guardian Micro Life Insurance Reports Rs 27.4 Million Net Profit in Q3

Kathmandu – Guardian Micro Life Insurance Limited has reported a net profit of Rs 27.4 million for the third quarter of the current fiscal year, marking a significant leap from just Rs 700,000 in the same period last year....


Last Day to Secure Sagarmatha Lumbini Insurance’s Cash Dividend

Kathmandu – Shareholders of Sagarmatha Lumbini Insurance Company Limited (Salico) have until the end of today to secure eligibility for the company’s proposed 15 percent cash dividend. The company will close its shareholder register tomorrow, Baisakh 17 (April 30),...


Sanima Reliance Life Insurance Lifts Corporate Women’s Cricket Title

Kathmandu – Sanima Reliance Life Insurance won the title of the She Strikes Corporate Women’s Cricket Tournament title with a commanding victory over Surya Nepal at Kwality Beach Resort, Sindhuli on Saturday. The two-day competition featured nine corporate teams—Citizens...


Sun Nepal Life Insurance Announces Special Interest Discount on Policy Renewals

Kathmandu – Sun Nepal Life Insurance Company Limited has launched a special scheme offering significant interest discounts on the renewal of expired insurance policies. According to the company, insured individuals can receive up to a 75 percent discount on...


Life Insurance Association Nepal (JEBISAN) Invites Proposal for NFRS 17 Implementation

Kathmandu – The Life Insurance Association Nepal (JEBISAN) has officially issued an invitation for proposals from qualified institutions to assist in the implementation of the Nepal Financial Reporting Standard 17 (NFRS 17) for its 14 member companies. The scope...