Sanima GIC Insurance Concludes Seventh AGM, Approves Bonus Shares and Right Issue

Kathmandu – Sanima GIC Insurance Limited successfully concluded its seventh annual general meeting (AGM) at Amritbhog, Kalikasthan, Kathmandu. The meeting, held under the chairmanship of Kunal Kayal, approved several key financial and operational proposals. One of the major decisions...


IGI Prudential Insurance Puts Promoter Shares Up for Sale

Kathmandu – IGI Prudential Insurance Limited has announced the sale of 94,797 units of promoter shares currently held by two of its promoter shareholders. The company has stated that only the existing promoter shareholders of IGI Prudential Insurance are...


Nepal Insurance Concludes AGM, Approves Dividend Proposal

Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on...


Insurance Coverage Expands Modestly as Premium Collection Rises

Kathmandu – The total population covered by Kathmandu Insurance has reached 44.17 percent, including term, short-term, and foreign employment life insurance policies. This marks a slight increase from the 43.16 percent coverage recorded during the same period last fiscal...


IGI Prudential Insurance to Auction 80,000 Promoter Shares

Kathmandu — IGI Prudential Insurance Limited has announced the auction of 80,000 units of promoter shares. The shares are open for bidding to the general public at a minimum price of Rs 185 per share. Interested buyers are required...


Neco Insurance Opens Auction for Promoter Shares

Kathmandu — Neco Insurance Limited has announced the auction of 600,000 units of promoter shares, open for purchase by the general public. The minimum price for each share has been set at Rs 260. Interested buyers must apply to...


Neco Insurance Urges Policyholders to Settle Claims

Kathmandu — Neco Insurance Limited has called on policyholders to settle their insurance claims up to end of Falgun month of the current fiscal year 2081/82. The company has warned that the payment process has been halted due to...


United Ajod Insurance Puts Promoter Shares on Sale

Kathmandu — United Ajod Insurance has announced the sale of 256,310 units of promoter shares to the general public. According to the company, the shares are being offered at three different prices: 149,116 units at Rs 180 per share,...


Neco Insurance’s Right Share Application Closes Today

Kathmandu – Neco Insurance Company Limited’s 50% right share offering, which began on Falgun 8 (February 20), is set to close today. The company is issuing a total of 5,030,901.55 units of right shares at a rate of Rs...


Nepali Insurance Sector Sees Steady Growth in Employment and Coverage

Kathmandu – Nepal’s insurance sector has emerged as a key area for employment and financial growth, with over 12,000 people currently employed in 37 operating insurance companies. According to the Nepal Insurance Authority, a total of 12,095 employees were...