Srijana Shrestha: Rising as a Model Insurance Agent at Citizen Life

Kathmandu – Life often takes unexpected turns, and for Srijana Shrestha, the journey into the insurance sector was no different. Overcoming numerous challenges, she has established herself as a leading agency manager at Citizen Life Insurance, setting an inspiring...


The Oriental Insurance Provides Rs 1 Million for Children with Cerebral Palsy

Kathmandu – The Oriental Insurance Company Limited has provided Rs 1 million in financial support under its corporate social responsibility initiative. The amount has been donated to the Self Help Group for Cerebral Palsy, Lalitpur, a social organization dedicated...


Chaudhary Group Loses Rs 580 Million Insurance Claim Case

Kathmandu – The Supreme Court has ruled against Chaudhary Group (CG) in its Rs 580 million insurance claim case related to a fire at CG Electronics Pvt. Ltd. in Satungal. The verdict upholds previous decisions by the Insurance Authority...


Sanima Reliance Life Insurance Urges Shareholders to Pay Bonus Share Tax

Kathmandu – Sanima Reliance Life Insurance Limited has requested its shareholders to pay the tax on bonus shares approved during its general meeting on October 9, 2024. The company had decided to distribute 18.3811 percent bonus shares based on...


Nepal’s Non-Life Insurance Companies Show Strong Solvency Ratios, Rises to 2.67

Kathmandu – The latest financial reports of Nepal’s non-life insurance companies indicate a stable and improving solvency ratio, a key measure of financial strength and risk-bearing capacity. The average solvency ratio across these companies has risen to 2.67, marking...


Government Allocates Rs 3.84 Billion for Health Programs

Kathmandu – The Ministry of Finance has approved an additional Rs 3.84 billion to support various health-related programs, including health insurance payments. Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel sanctioned the funds following a request from the...


Nepal Micro Insurance IPO Distribution Set for March 6

Kathmandu – The IPO distribution date for Nepal Micro Insurance has been confirmed. According to NIMB Ace Capital, the issue manager, the IPO will be distributed on Thursday, March 6, at 8:30 AM. A total of 1.2 million applicants...


Sebantak Pokharel Appointed Director of Nepal Reinsurance Company

Kathmandu – Joint Secretary Sebantak Pokharel has been appointed as the director of Nepal Reinsurance Company. The decision was made during a meeting of the Government of Nepal, chaired by the Prime Minister and the Minister of Finance, on...


Stock Market Declines; Himalayan Reinsurance Records Highest Turnover

Kathmandu – The stock market saw a significant decline on Tuesday, the third trading day of the week. Despite the market’s downturn, Himalayan Reinsurance once again recorded the highest turnover, reaching Rs 1.09 billion. Among other high-turnover stocks, Nepal...


Guardian Micro Life Insurance Hits Positive Circuit for 16th Consecutive Day

Kathmandu – Guardian Micro Life Insurance continues its bullish run, hitting a positive circuit for the 16th consecutive day. Since the company’s shares began trading on February 9, their value has seen a consistent upward trend. Today, within a...