Kathmandu – United Ajod Insurance Limited will open its rights share issue on April 9, offering existing shareholders the opportunity to purchase additional shares. The company is issuing rights shares at a ratio of 10 new shares for every...

Kathmandu — Siddhartha Premier Insurance Limited has urged concerned policyholders to come forward and receive payments for claims submitted up to the end of Poush. The company stated that although claim applications have been filed on behalf of many...

Kathmandu – The Board of Directors of Sanima GIC Insurance Limited announced a dividend for its shareholders during a meeting held at 3:00 PM on Friday, Falgun 29. The meeting decided to distribute a total dividend of 5.2632%, comprising...

Kathmandu — Insurance companies are fuming after Nepal Reinsurance Company Limited made the abrupt decision to cut the commission it offers for riot and terrorism insurance. Surendra Thapa, the CEO of Nepal Reinsurance Company Limited, sent out a letter...

Kathmandu — The long-standing insurance dispute between apple farmers of Jumla and Shikhar Insurance Company has been resolved following tripartite discussions involving the government, the insurer, and farmers’ representatives. According to the agreement, apple farmers from Tatopani, Patarasi, and...

Kathmandu — Himalayan Everest Insurance Limited has successfully completed the reconstruction of the Supreme Court and Special Court Coordination Security Police Unit, which was damaged during the Gen-Z protest on Bhadra 24. The reconstruction was carried out as part...

Kathmandu – Internal cash payment transactions in Nepal’s insurance sector have officially come to an end from today, following a directive issued by the Nepal Insurance Authority (NIA). With effect from Magh 1, 2082 BS, all types of payments...

Kathmandu – Nepali insurance companies are facing growing financial pressure due to persistently low interest rates on bank fixed deposits and banks’ reluctance to renew deposits even after maturity. As returns from traditional investments continue to shrink, insurers are...

Kathmandu — The government is set to bear a financial burden of more than Rs 36 billion due to the lack of insurance coverage for public physical infrastructure damaged during the Gen-Z movement, according to an official assessment. As...

Kathmandu – The Chairman of Neco Insurance Company, Ramesh Kumar Niraula, has asked Chief Executive Officer Ashok Kumar Khadka to resign from his position following concerns raised by the insurance regulator over Khadka’s recent political activities. The issue arose...