Kathmandu – Insurance companies in Nepal have disbursed a total of NPR 471.1 million to policyholders affected by severe flooding on September 27 and 28. Leading the charge, Shikhar Insurance has paid NPR 251.9 million, accounting for over half...

Kathmandu – The Nepal Insurance Authority has issued a revised circular updating the format for quarterly financial statements for all life and non-life insurance company. The updated guidelines aim to provide clearer, standardized financial disclosures across the insurance sector,...

Kathmandu – Ram Bahadur Oli, a central member of the Professional Insurance Agents Association of Nepal and senior agency manager of Nepal Life Insurance Company has passed away. He was a prominent figure in Nepal’s insurance sector, recognized for...

Kathmandu – Prabhu Mahalakshmi Life Insurance Limited has published its financial results for the first quarter of the current fiscal year, showing a significant 25.74% increase in profit compared to the same period last year. The company’s profit reached...

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) has received an upgraded rating from ICRA Nepal, elevating its previous ‘A’ rating to ‘A Plus’. This development, announced in a statement from ICRA Nepal on October 30, underscores the...

Kathmandu – As Nepal grapples with increasing natural disasters, including floods, landslides, and earthquakes, the need for a robust, inclusive insurance system has never been more pressing. Insurance, as highlighted at the 2024 International Conference on Inclusive Insurance (ICII)...

Kathmandu, Spandan Global Events and Publications has launched the Spandan Global Art Journey, a remarkable international campaign set to span 100 countries in 100 months, showcasing the rich diversity of Indian art across the world. Following its extensive National...

Kathmandu – Nepal Reinsurance Company marked its 11th anniversary with a grand “Prabhat Feri” program on Wednesday morning. The Wednesday early morning procession, starting from Bhrikutimandap at 7 a.m., wound through prominent city landmarks including Bhadrakali, Dharahara, and Ratnapark,...

Kathmandu – In a significant development, nearly 28,000 policyholders have surrendered life insurance policies valued at NPR 3.82 billion in the first quarter of the current fiscal year 2024/25, according to data from the Nepal Insurance Authority.   The...

Kathmandu- President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal who is the honorary consul of the Republic of Indonesia to Nepal, has received a prestigious ‘Caraka Buwana Award’ from the government of...