Kathmandu – The Nepal Insurance Authority is set to extend the deadline for the capital increase of two reinsurance companies—Nepal Reinsurance Company and Himalayan Reinsurance by one year. The decision follows the Government of Nepal’s indication that there is...

Kathmandu – Chairman of the Nepal Insurance Authority, Madan Dahal, has emphasized the insurance sector’s national responsibility to prevent money laundering. Speaking at an orientation program on anti-money laundering at the Authority’s central office in Kupandol, Lalitpur, Dahal urged...

Kathmandu – A total of twelve individuals have submitted applications for the post of chairman of the Insurance Authority, the regulatory body overseeing Nepal’s insurance sector. According to the Ministry of Finance, the application process, which concluded on last...

Kathmandu – The Nepal Insurance Authority has intensified its efforts to curb the flow of black money into the insurance sector, particularly through single premium and high-value insurance policies. In response to growing concerns, the Authority is preparing to...

Kathmandu – NLG Insurance Company is set to auction 320,533.22 units of unallocated right shares starting from February 2, 2025. The auction follows the completion of the company’s recent right share issuance, during which a significant portion of the...

Beijing, China – In a significant move to address challenges in the new-energy vehicle (NEV) sector, China has released its first-ever insurance guidelines tailored for NEVs. The guidelines, announced on Friday last week, aim to reduce high insurance premiums,...

Kathmandu – The Nepal Insurance Professional Society (NIPS) has established a 12-member working committee in Sudurpashchim Province, led by Ganesh Bahadur Saud of Asian Life Insurance. The committee was formed during a meeting of provincial and regional heads of...

Kathmandu – MetLife Nepal, in partnership with Ear Care Nepal, is set to launch a 10-week “School Ear Health Program” targeting 2,400 students from government schools in Kathmandu, Bhaktapur, and Lalitpur districts. The initiative aims to identify, prevent, and...

Kathmandu – Life insurance companies in Nepal have collected Rs 1.66 billion in premiums from foreign employment insurance policies in the first six months of the current fiscal year. As per the Nepal Insurance Authority, 14 life insurance companies,...

Kathmandu – Sun Life Insurance Company has announced a special discount of up to 75% on the interest charged for renewing expired insurance policies. The company stated that this limited-time offer will be available from January 23 to 31....