Kathmandu — Families of Nepali migrant workers who were injured or lost their lives while working in the UAE are still waiting to receive the compensation and insurance payments they are legally entitled to. The Nepali Embassy in Abu...

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (SALICO) reported a net profit of NPR 133.2 million in the third quarter of fiscal year 2025/26, according to its unaudited financial statement. The company had posted a net profit of NPR...

Kathmandu — Prabhu Mahalaxmi Life Insurance Limited has published its financial results for the third quarter of the current fiscal year, ending mid-April 2026. The report shows growth in key financial indicators, including profit and income, compared to the...

Kathmandu — IGI Prudential Insurance Limited has released its unaudited financial results for the third quarter of fiscal year 2025/26, reporting significant growth in its insurance fund, net premium income, and overall revenue. According to the financial statement, the...

Kathmandu — Siddhartha Premier Insurance Limited has released its third-quarter financial results for the current fiscal year, revealing significant fluctuations across key financial indicators. The company posted a net profit of Rs. 40.1 million during the review period, marking...

Kathmandu — The chairmen of Guardian Micro Life Insurance and Protective Micro Insurance have reportedly become unreachable amid an ongoing investigation into insurance company share investments. The Department of Money Laundering Investigation has already directed the chairpersons and shareholders...

Kathmandu — The Nepal Insurance Authority has taken action against two institutions, including a reinsurance brokerage company, imposing financial penalties for regulatory violations. The authority penalized Sagarmatha Lumbini Insurance Company Limited (SALICO) and Lord Buddha Reinsurance Broker Pvt. Ltd....

Kathmandu — Citizen Life Insurance Company Limited’s Bhairahawa branch has settled an insurance claim worth NPR 14.89 million in favor of Bhagwati Khatri, a resident of Ward No. 13, Siddharthanagar Municipality. The claim followed the tragic death of local...

Kathmandu — The Nepal Insurance Authority has instructed insurance companies to apply reinsurance rate structures to Professional Indemnity (PI) insurance policies. The move comes after insurers were found to have engaged in irregular practices in issuing such policies, prompting...

Kathmandu — IME Life Insurance Company Limited has published its financial results for the third quarter of the current fiscal year. The report shows improvements in most key indicators, including profit, compared to the same period last year. The...