Emphasizes Insurance as an Asset; CEO Aryal

Kathmandu, Sun Nepal Life Insurance Company marked its 7th anniversary with a grand celebration, during which CEO Raj Kumar Aryal highlighted the importance of shifting the public perception of insurance from a liability to an asset.   CEO Aryal...


Sun Nepal Life Marks 7th Anniversary with Launch of New Insurance Plans

Kathmandu, Sun Nepal Life Insurance Company Limited celebrated its 7th anniversary by unveiling two new life insurance policy: Sunlife Medicare and Sunaulo Bal Samridh Jeevan Bima Yojana. Launched on Sunday, these plans aim to strengthen medical and financial security...


Regulators Discuss to Implement NFRS-17 with Insurance Companies

Kathmandu, A discussion and interaction program on the necessary preparations for the implementation of Nepal Financial Reporting Standard-17 (NFRS-17) was held in Kathmandu on Wednesday. The event, organized by the Nepal Insurance Authority, aimed to bring together accounting regulatory...


High Court Directs Kamala Bridge Insurance Dispute to Commercial Court, NPR 130 million claim from Neco insurance

Kathmandu, The Patan High Court has ordered that the ongoing insurance dispute between Neco insurance and Lumbini Builders regarding the Kamala Bridge project be referred to the commercial court for a full hearing.  Lumbini Builders, part of the joint...


One of the major investors exiting from Prabhu Mahalakshmi Life Insurance

Kathmandu, Prabhu bank exiting from Mahalakshmi Life Insurance Limited by selling all of its share. There isn’t clear reason but bank has decided whole share want puts at sale. Prabhu bank is major stake holder of prabhu mahalaxmi life....


Anju Shrestha appointed CEO of Himalayan Everest Insurance

Kathmandu. Acting CEO Anju Shrestha has been appointed as the Chief Executive Officer (CEO) of Himalayan Everest Insurance Limited. Making history as the second female CEO in Nepali non-life insurance companies, Shrestha will lead Himalayan Everest Insurance Company. The...


NIC Asia Bank is once again selling 801476 shares of SuryaJyoti Life Insurance

Kathmandu, Nic asia bank ltd has announced the sale of 801,476 promoter shares Suryajyoti Life Insurance Company Limited again. This time bank puts 8,01,476 number of shares at sale. The company has set a minimum price of NPR 208...


Rastriya Beema jeevan Beema Company Announces Bonus on All Insurance Policies

Kathmandu, The government-owned Rastriya jeevan beema Company has announced the bonus rate for the financial year 2080/81. The company has set a bonus rate of Rs. 60 per thousand per year for all life insurance policies issued by the...


Sanima Reliance Life Insurance Hosts Grand Club Achievers Event 2081 in Kathmandu

Kathmandu, Sanima Reliance Life Insurance successfully held its much-anticipated Club Achievers Event 2081 at The Soaltee Hotel Kathmandu, celebrating the outstanding achievements of agents who excelled in the company’s prestigious club schemes. The event brought together successful agents from...


Nepal’s Insurance Industry in Turmoil amidst Regulatory Corruption and Disputes

  Kathmandu, Nepal’s insurance industry is currently grappling with significant turmoil as the Insurance Regulatory Authority faces accusations of unethical practices and corruption. Allegations have surfaced that the regulatory body has been attempting to secure a share of commissions...