Tokyo – Japan is preparing to introduce stricter entry regulations for foreign tourists, aiming to address the growing issue of unpaid medical bills left by visitors. The proposed measures may require travelers to provide proof of medical insurance prior...

Kathmandu – The Nepal Insurance Authority has agreed to amend the Insurance Regulations 2081 following sustained pressure from insurance agents who claimed the provisions undermined their profession. An agreement was reached on Saturday, Jestha 17 (May 31), between the...

Kathmandu — Life insurance companies in Nepal have collected a total of Rs 140.35 billion in premiums from various policy types by end of Baisakh (mid-May) of the current fiscal year. The collection comes from the sale of all...

Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has successfully concluded its eighth annual general meeting, during which shareholders approved the company’s annual report for the previous fiscal year and passed several important resolutions. The annual report revealed that some...

Kathmandu -– Shareholders of Himalayan Life Insurance Limited must be registered by today, 27th Jestha (June 10), to be eligible for the company’s proposed dividend and to participate in its upcoming Annual General Meeting (AGM). The company has announced...

Bangkok – Thailand’s non-life insurance sector is on alert as concerns escalate over the growing risks associated with electric vehicle (EV) insurance. Industry leaders are urging caution following reports that a Chinese EV manufacturer active in the Thai market...

Jeju, Republic of Korea – In a sweeping show of global unity, millions of people across continents marked World Environment Day with a common goal: to end plastic pollution and restore ecosystems. The official ceremony highlighted the urgency of...

Kathmandu — Suspicious transactions within Nepal’s insurance sector have more than doubled annually, raising fresh concerns about money laundering risks and exposing regulatory weaknesses in oversight mechanisms. Despite provisions requiring insurance companies to establish dedicated departments to combat money...

Kathmandu — In a remarkable achievement for Nepal’s non-life insurance sector, Shikhar Insurance Company Limited has become the first and only non-life insurer in the country to collect Rs 5 billion in insurance premium within just 10 months and...

Kathmandu — The eighth annual general meeting (AGM) of Prabhu Mahalaxmi Life Insurance Limited concluded today at Amrapali Banquet, Kathmandu. The meeting was chaired by Shiksha Bhattachan, Chairperson of the company’s Board of Directors. The AGM approved the proposal...