New Delhi (India TV) — A recent survey has revealed a persistent awareness gap among Indian consumers regarding term insurance. According to Policybazaar’s latest report, titled ‘How India Buys Insurance 2.0’, nearly 47.6% of Indians are still unaware of...

Kathmandu — Non-banking assets of commercial banks in Nepal have surged by 80.03 percent in the first eight months of the current fiscal year, according to the data published by Nepal Rastra Bank. The Non-banking assets held by operating...

Kathmandu – The Nepal Insurance Authority has directed Guardian Micro Life Insurance to halt its plans of issuing 100% right shares, following the company’s controversial move to convene a special general meeting just weeks after its initial public offering...

Kathmandu — IME Life Insurance Company has disbursed over Rs 32 million in insurance claims during the month of Chaitra, FY 2081/82, under 75 insurance policies. According to the company, the payments were made with the objective of delivering...

Kathmandu — The Government of Nepal is preparing to establish an Insurance Information Center (IIC) in a bid to enhance transparency and reduce fraud in the insurance sector. The center will be modelled after the Credit Information Bureau Nepal...

Kathmandu — Nepal Reinsurance Company Limited has announced the appointment of Emil Pradhan as a new member of its board of directors. The decision was made during the company’s board meeting held on Baisakh 2 (April 15). Pradhan steps...

Beijing – The National Healthcare Security Administration (NHSA) has launched an official tip-off service through its WeChat platform, inviting ordinary citizens and institutions to report suspected misuse of medical insurance funds. The system not only empowers whistleblowers but incentivizes...

Kathmandu — The Independent Power Producers’ Association of Nepal (IPPAN) has called on the Insurance Authority to act on a long-pending agreement aimed at detariffing insurance premiums for hydropower projects. Despite a mutual understanding reached between IPPAN and the...

Kathmandu — The Nepal Insurance Authority has formally paved the way for licensing insurance aggregator companies through newly framed regulations, marking a significant shift in the country’s insurance landscape. Though yet to be published in the Gazette, the move...

Dhaka – Bangladesh’s non-life insurance sector saw significant delays in claim settlements in 2024, with around 68% of submitted claims remaining unresolved, according to unaudited data submitted by 46 insurers to the Insurance Development and Regulatory Authority (IDRA). Out...