Himalayan Life Insurance to Hold 17th AGM on February 23

Kathmandu – Himalayan Life Insurance Limited has announced its 17th Annual General Meeting (AGM), scheduled for February 23 at 10:30 AM. The meeting will take place at Anupam Foodland & Banquet, Battisputali, Kathmandu. Key proposals on the agenda include...


National Life Insurance: A Legacy of Strong Dividend Distribution

Kathmandu – National Life Insurance Company Limited has built a proud legacy of consistent and significant dividend distribution, achieving a maximum dividend of 75% in its one-and-a-half-decade history. The company has consistently provided fair returns to its shareholders, showcasing...


Patan High Court Orders SuryaJyoti Life to Pay Claim to Bedridden Insured Angad Khadka

Kathmandu – The Patan High Court has ordered SuryaJyoti Life Insurance to pay Rs 1 million, along with interest, to Angad Khadka of Bhaktapur, who has been bedridden due to a severe illness. The decision was issued by a...


SALICO Accused of Irregularities in Promoter Share Conversion

Kathmandu – Allegations of irregularities have surfaced against Sagarmatha Lumbini Insurance Company (SALICO) regarding the conversion of promoter shares of the then Sagarmatha Insurance Company into general public shares. The process, which was supposed to adhere to the approval...


Health Insurance Coverage to Be Increased to Rs 500,000

Kathmandu – Minister for Health and Population, Pradip Paudel, has announced plans to raise the current health insurance coverage from Rs 100,000 to Rs 500,000. Speaking at a program in Bhaktapur on Sunday, Minister Paudel emphasized that the increase...


LIC Nepal to Auction 492,577 Unallocated Right Shares

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC) is set to auction 492,577 unallocated right shares (general group) starting from February 3. The minimum price for the shares has been fixed at Rs 100 per unit. Interested individuals, companies,...


Non-Life Microinsurance Companies Earn Over Rs 422.9 Million in Premiums

Kathmandu – The Nepal Insurance Authority (NIA) has reported that the four non-life microinsurance companies operating in Nepal collected a combined premium of over Rs 422.9 million during the first six months of the current fiscal year. Among the...


Micro-Life Insurance Companies Collect Rs 512.9 Million in Premiums

Kathmandu – The three micro-life insurance companies operating in Nepal have collectively earned Rs 512.9 million in insurance premiums during the first six months of the current fiscal year, according to data released by the Nepal Insurance Authority. Guardian...


Insurance Scope Shrinks, Business Surpasses Rs 1 Trillion

Kathmandu – Despite government efforts to expand insurance coverage, the scope of life insurance in Nepal has narrowed, with only 16.81% of the population covered as of end of the Poush month in the current fiscal year. This marks...


National Life Insurance Hosts “Leader’s Night with Bhushan Dahal” for Top Agents

Kathmandu – National Life Insurance Company Limited recently organized a two-night, three-day event titled “Leader’s Night with Bhushan Dahal” at Hotel Seven Star, Sauraha, Chitwan. The program recognized and celebrated the achievements of agents who excelled under the Agent...