Shikhar Insurance’s 10% Bonus Shares Listed on NEPSE

Kathmandu, June 2 – The Nepal Stock Exchange (NEPSE) has officially listed the 10 percent bonus shares of Shikhar Insurance Company Ltd. A total of 2,681,518 bonus shares have been listed, making them eligible for trading in the secondary...


Non-Life Insurance Sector Grows, Reaches Rs 35 Billion in Premiums

Kathmandu — Nepal’s non-life insurance industry has witnessed a 6.763 percent growth in business compared to the same period last fiscal year. According to data released by the Nepal Insurance Authority, the total insurance premium collected by non-life insurers...


Non-Life Insurance Companies Collect Rs 35.5 Billion in Premiums in 10 Months

Kathmandu — Nepal’s non-life insurance companies have collectively earned Rs 35.5 billion in insurance premiums over the first 10 months of the current fiscal year, according to data released by the Insurance Authority. Shikhar Insurance Company collected Rs 4.68...


Chandra Singh Saud Appointed Chairman of Nepal Insurance Company Limited

Kathmandu — Chandra Singh Saud has been appointed as the Chairman of the Board of Directors of Nepal Insurance Company Limited. The decision was made during a board meeting held on 12th Jestha (May 26). The board meeting unanimously...


Himalayan Everest Insurance to Conduct Virtual Training for Non-Life Insurance Agents

Kathmandu — Himalayan Everest Insurance Limited has announced a three-day virtual training program for aspiring non-life insurance agents, scheduled from Ashad 17 to 19 ( July 1 to 3) . The training will run daily from 9:30 AM to...


Insurance Companies Alarmed by Heavy Fines Imposed by Nepal Insurance Authority

Kathmandu — A recent directive from the Nepal Insurance Authority (NIA) has raised serious concerns among insurance companies after they were asked to pay hefty fines for failing to comply with regulatory requirements under the Insurance Act. More than...


Sagarmatha Lumbini Insurance Puts Promoter Shares on Sale

Kathmandu – Sagarmatha Lumbini Insurance Company Limited (SALICO) has announced the sale of 482,276 units of promoter shares. The shares are currently open only to the company’s existing promoter shareholders. According to the company, interested promoter shareholders must submit...


Life and Non-Life Insurance Claim Payments Total Over Rs. 62 Billion in Q3

Kathmandu — Life and non-life insurance companies in Nepal have collectively disbursed over Rs. 62 billion in claims during the third quarter of the current fiscal year, according to the latest report from the Nepal Insurance Authority. The Authority’s...


Shikhar Insurance Earns ‘Double A Minus’ Rating, Emerges as Nepal’s Strongest Non-Life Insurer

Kathmandu — Shikhar Insurance Company Ltd. has secured a ‘Double A Minus’ credit rating from ICRA Nepal, marking it as the strongest and most secure non-life insurance company in the country outside of government and foreign investment. According to...


Neco Insurance Concludes 29th AGM, Approves 7% Bonus Shares and Cash Dividend

Kathmandu — Neco Insurance Limited has approved a dividend proposal at its 29th Annual General Meeting (AGM), held on Friday at Lisara Reception, Naxal. The meeting endorsed the distribution of 7 percent bonus shares on the paid-up capital along...