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...

Kathmandu – Despite growing discussion on the need to insure government property following recent protests, the government remains undecided on whether physical structures should be insured. The government initiated the first phase of insurance coverage last month by insuring...

Kathmandu – Siddhartha Premier Insurance Company Limited has settled insurance claims totaling more than Rs 2.68 billion in the first five months of the current fiscal year 2082/83 (from Shrawan to Mangsir). A significant portion of the payouts relates...

Kathmandu — The government is set to bear more than Rs 36 billion in reconstruction expenses after extensive damage caused by the recent Gen-Z protest, as government structures were not insured prior to the incident. A committee formed to...

Kathmandu – A high-level discussion has taken place between Nil Prasad Lamichhane, Chief of the Karnali Province Office of the Nepal Insurance Authority, and Sunil Ballabh Pant, Chief Executive Officer of NLG Insurance Company Limited, with a focus on...

Kathmandu – The Nepal Insurance Authority has released updated figures showing that non-life insurance companies have received claims exceeding Rs 27 billion for damages caused by last year’s Gen-Z movement and floods and landslides on the month of Ashoj....

Kathmandu — Nepal’s insurance industry has once again shown that it can stand firmly with the nation during times of crisis, says Himalaya Everest Insurance Limited CEO Anju Shrestha. Reflecting on the aftermath of the Gen-Z Movement, she stated...