Government to Establish Rs. 100 Billion Alternative Development Finance Fund with Insurance Sector Participation

Kathmandu – The Government of Nepal is preparing to establish a massive Alternative Development Finance Fund worth Rs. 100 billion, with significant investment participation from insurance companies and other major institutional investors. According to a bill proposed by the...


Nepal Life Insurance Concludes Sales Transformation Session with Focus on Digital Expansion

Kathmandu – Nepal Life Insurance Company has successfully concluded its one-day Sales Transformation Session in Kathmandu. The session focused on reviewing the company’s third-quarter performance and formulating strategies for the remaining months of the fiscal year 2081/82. Chaired by...


Nepal Insurance Authority and Sichuan Health Security Administration Hold High-Level Health Insurance Talks

Kathmandu – A high-level discussion on health insurance policies and systems was held on Monday between the Nepal Insurance Authority (NIA) and the Sichuan Health Security Administration in Chengdu, Sichuan Province, China. The bilateral meeting focused on health insurance sustainability, service accessibility, and...


DPEX Asia and One Cover Forge Strategic Partnership to Draft Nepal’s Personal Data Protection Bill

Kathmandu – In a landmark move to bolster data privacy and cybersecurity frameworks in the Asian region, Singapore-based Data Protection Experts Asia Sdn Bhd (DPEX Asia) and Nepal’s leading cybersecurity firm, One Cover Pvt. Ltd., have signed a Memorandum...


NIA Chairman’s Intervention Pauses Regulatory Action on Guardian Micro Life Insurance

Kathmandu – The Nepal Insurance Authority (NIA) has directed Guardian Micro Life Insurance to postpone its planned special general meeting (SGM) and suspend the issuance of right shares, following regulatory concerns. The move comes in response to the company’s...


MetLife Nepal Launches Innovative ‘Double Protection Plus’ Insurance Plan

Kathmandu – MetLife Nepal has introduced a new insurance plan, ‘Double Protection Plus (DPP)’, marking a first-of-its-kind offering in the country that integrates high insurance protection with long-term savings benefits. The insurance plan which was launched at a special...


Star Micro Insurance Calls for Second AGM in Janakpur

Kathmandu — Star Micro Insurance Company Limited has announced that it will hold its second Annual General Meeting (AGM) on Baisakh 29 (May 12) at its registered office in Janakpur. The meeting is scheduled to begin at 1 PM....


Commercial Banks Struggle with Rising Bad Loans: NPLs of Nine Banks Cross 5 Percent

Kathmandu – The growing burden of bad loans has pushed Nepal’s commercial banking sector into deep financial stress, as recovery challenges continue to mount. The latest data up to the end of the Chaitra month of the fiscal year...


National-Level Development Banks Earn Over Rs 3 Billion in Nine Months

Kathmandu — The profit of national-level development banks has exceeded Rs 3 billion in the third quarter of the current fiscal year 2081/82. According to financial reports published by the banks, eight national-level development banks operating in the country...


IME Life Appoints Sushila Roka as Goodwill Ambassador for 2025

Kathmandu – IME Life Insurance Company Limited has appointed Sushila Roka as its Goodwill Ambassador for 2025 under the company’s flagship program, the ‘Saral Sawadhik Jeevan Beema Yojana’. The official announcement was made during a special event organized by...