Deputy Director Birod Bhatta Transferred to Legal Branch of Nepal Insurance Authority

Kathmandu – Deputy Director Birod Bhatta, who has been serving in the Grievance Handling Branch of the Nepal Insurance Authority for the past five years, has been transferred to the Lagal Branch. The transfer follows recent promotions within the...


Citizen Life Insurance Provides Financial Support for Kathmandu Children’s Hospital

Kathmandu – Citizen Life Insurance Company Limited has contributed Rs. 500,000 towards the construction of Kathmandu Children’s Hospital. This initiative is part of the company’s commitment to corporate social responsibility. Citizen Life Insurance has been actively involved in various...


IGI Prudential Insurance to Auction 80,000 Promoter Shares

Kathmandu — IGI Prudential Insurance Limited has announced the auction of 80,000 units of promoter shares. The shares are open for bidding to the general public at a minimum price of Rs 185 per share. Interested buyers are required...


Singapore Launches Online Tool to Compare Health Insurance Premiums and Plans

Singapore (CNA) — An online tool designed to help Singaporeans compare health insurance premiums and plans across different providers. The new Health Insurance Planner (HIP) also aims to help users better understand the long-term MediSave and cash expenses required...


Neco Insurance Opens Auction for Promoter Shares

Kathmandu — Neco Insurance Limited has announced the auction of 600,000 units of promoter shares, open for purchase by the general public. The minimum price for each share has been set at Rs 260. Interested buyers must apply to...


Neco Insurance Urges Policyholders to Settle Claims

Kathmandu — Neco Insurance Limited has called on policyholders to settle their insurance claims up to end of Falgun month of the current fiscal year 2081/82. The company has warned that the payment process has been halted due to...


Life Insurance Policies Sees Significant Drop in Falgun

Kathmandu — Life insurance companies in Nepal issued 419,000 new insurance policies in the month of Falgun, but the number of active policies saw a decline compared to the previous month. According to data from the Insurance Authority, the...


Nepal Insurance Authority Reshuffles Directors’ Responsibilities

Kathmandu – The Nepal Insurance Authority has announced a major reshuffle of its leadership, assigning new responsibilities to recently promoted directors. The changes are effective from today. Director Kamal Prasad Regmi has been entrusted with leading the Legal Division,...


Life Insurance Policy Surrenders Reach Nearly Rs 10 Billion in Current Fiscal Year

Kathmandu – Life insurance companies in Nepal have witnessed policy surrenders amounting to nearly Rs 10 billion during the current fiscal year 2081/82. According to financial statements released by the Nepal Insurance Authority, a total of 71,554 life insurance...


Stock Market Turns Positive as Investors Flock to Reinsurance and Development Stocks

Kathmandu – The stock market closed on a positive note for the last two trading days of the week, boosting investor confidence as key stocks registered significant gains. Investors have shown strong interest in Himalayan Reinsurance and Nepal Reinsurance,...