Kathmandu — The Nepal Insurance Authority (NIA) has placed two government-owned insurers — Rastriya Jeevan Beema Company and Rastriya Beema Company — under close regulatory surveillance following the discovery of serious irregularities in their financial accounts. According to the...

Kathmandu — A review has shown that Himalayan Everest Insurance returned a portion of an insurance fee collected from Labim Mall in Lalitpur by categorizing it as advertising expenditure. The company had charged around Rs. 3 million in insurance...

Kathmandu — ICRA Nepal has removed the negative watch placed earlier on United Ajod Insurance Limited and has maintained the company’s issuer rating at the existing ‘Triple Plus’ level. According to the rating update, the assessment reflects a medium...

Kathmandu – All 14 non-life insurance companies operating in Nepal have published their first-quarter financial statements for the current fiscal year, reporting a combined net premium income of Rs 3.65 billion. This marks a 14.13 percent increase compared to...

Kathmandu – The government has initiated the process of insuring vehicles two months after announcing a plan to insure public property. The Ministry of Finance has begun the first phase by insuring 20 vehicles under its fleet. The decision...

Kathmandu – The MDRT Global Conference, a major annual event for insurance agents worldwide, has revised its business targets for the upcoming year. The conference has increased this year’s participation target by 18 percent compared to last year. Insurance...

Kathmandu – Shikhar Insurance Company Limited celebrated its 21st anniversary with a series of programs that recognized employee dedication and contributed to social welfare. During the anniversary ceremony, the company honored 11 employees who completed 20 years of service,...

Kathmandu – IGI Prudential Insurance Limited has signed an agreement with Alka Hospital, Jawalakhel, Lalitpur, to provide cashless hospitalization services to its policyholders. The agreement was formalized by Sharan Regmi, Deputy Chief Executive Officer of IGI Prudential Insurance Limited,...

Kathmandu – Shikhar Insurance Company has organized a blood donation program on the occasion of its 21st anniversary, reinforcing its commitment to corporate social responsibility. The event, held at the company’s head office in Thapathali, saw enthusiastic participation from...

Kathmandu – Shikhar Insurance has prepared and published its first-quarter financial statements for the fiscal year 2082/83 in full compliance with the Nepal Financial Reporting Standard 17 (NFRS 17), Insurance Contracts. With this, Shikhar Insurance has become the first...