Karnali Province Forms New Insurance Agents Committee

Kathmandu – The Karnali Province meeting of the Professional Insurance Agents Association Insurance Committee, National Life Insurance has successfully concluded. The meeting resulted in the formation of a 21-member committee under the leadership of Rita Kumari Thapa. Shobha Basnet,...


World Bank Approves $150 Million for Nepal’s Bridge Resilience Program

Kathmandu – The World Bank has approved a $150 million financing package for Nepal’s Third Bridges Improvement and Maintenance Program (BIMP-III) to enhance the resilience of the country’s bridge network. The funding initiative aims to strengthen Nepal’s Strategic Road...


Koshi Province to Conduct Life Insurance Agent Examination

Kathmandu – The Koshi Province office of the Nepal Insurance Authority has announced that the life insurance agent examination will be held on Chaitra 20 (April 2). The examination is scheduled to take place on Wednesday from 3:00 PM...


National Life Insurance Completes Agent Refresher Program in Mahendranagar

Kathmandu – National Life Insurance Company Limited, Mahendranagar Branch, successfully concluded its Agent Refresher Program 2081 in Mahendranagar, Kanchanpur. The event saw the participation of around six dozen agents and aimed to enhance their professional knowledge and skills. The...


Insurance Coverage Expands Modestly as Premium Collection Rises

Kathmandu – The total population covered by Kathmandu Insurance has reached 44.17 percent, including term, short-term, and foreign employment life insurance policies. This marks a slight increase from the 43.16 percent coverage recorded during the same period last fiscal...


1% of Federal Hospital Development Committee’s Income to Boost Health Insurance Fund

Kathmandu – In a move to strengthen Nepal’s health insurance system, Health and Population Minister Pradeep Poudel has decided to allocate 1% of the total income of the Federal Hospital Development Committee to the Health Insurance Fund. This ministerial...


Nepal Insurance Authority Directs Swift Settlement of Riot-Related Claims

Kathmandu – The Nepal Insurance Authority has instructed all non-life insurance and non-life micro-insurance companies to expedite the settlement of insurance claims for damages incurred due to the recent riots in Kathmandu Valley on Chaitra 15 (March 28). In...


Myanmar’s Earthquake and Nepal’s Lessons: Can Insurance Cover the Unfolding Crisis?

Myanmar’s recent 7.7 magnitude earthquake has left the nation reeling, with over 1,600 fatalities, thousands injured, and entire communities devastated. The tremors were felt as far as Bangkok, Thailand, leading to building collapses and widespread panic. The destruction is...


Thai Insurance Sector Faces Billion-Baht Losses After Earthquake-Induced Building Collapse

Bangkok (The Nation Thailand) – The Thai insurance sector is assessing damages exceeding one billion baht following the collapse of a partially constructed State Audit Office (SAO) building due to the recent earthquake that struck Myanmar on March 28,...


Professional Insurance Agents Association LIC Nepal Elects New Leadership

Kathmandu – Ram Kumari Adhikari has been elected as the president of the Professional Insurance Agents Association Nepal Insurance Committee LIC (Nepal). The election took place during the association’s fourth convention held in Janakpur Dham, Madhesh Province, on Saturday....