Kathmandu — Siddhartha Premier Insurance has begun settling claims for property damage caused by the devastating flood in the Bhotekoshi River on August 26. The insurer made its first payment of NPR 6.4 million to Trishuli Fancy Store in...

Kathmandu — More than 732,000 people in Sudurpashchim Province have enrolled in the health insurance program. According to the Sudurpashchim Provincial Office of the Health Insurance Board, 732,752 people from the province’s nine districts had joined by the end...

Kathmandu — Jag Bahadur Pun of Kalika Municipality-6 wants to insure his beehives, but the conditions imposed by insurance companies have left him unsure whether to do so. Pun began exploring bee insurance after pesticide exposure destroyed 20 of...

Kathmandu — Engineers, construction companies and other technical professionals involved in building construction will face personal liability if accidents occur or structures are weakened by technical errors, negligence or carelessness. A bill drafted to amend the proposed Building Act,...

Kathmandu — Lawmakers have called on the government to introduce mandatory insurance for public infrastructure and to rebuild structures damaged by floods and landslides without delay, citing the repeated loss of lives and property to climate-related disasters across Nepal....

Kathmandu — A proposal to increase compensation for passengers killed in air accidents has sparked discussion over the resulting insurance costs and their potential impact on premiums. The Bill on the Liability of Domestic Airlines, 2026, currently under discussion...

Kathmandu — Insurance companies have started making advance claim payments to policyholders affected by the Bhotekoshi floods following the Nepal Insurance Authority’s introduction of a simplified claims procedure. Non-life insurers have so far paid NPR 6.748 million to policyholders...

Kathmandu — Insurance companies paid a total of NPR 6.78 billion in claims during the first month of fiscal year 2026/27, with life insurers alone accounting for NPR 5.47 billion. According to data from the Nepal Insurance Authority, life...

Kathmandu — Nepal’s 14 non-life insurance companies sold a total of 3,001,814 insurance policies in fiscal year 2025/26, according to their fourth-quarter financial statements. The number of policies increased by 244,140 from 2,757,674 policies sold by the end of...

Kathmandu — Nepal’s non-life insurance companies, already facing substantial claims from the recent Bhotekoshi floods, are now bracing for further losses amid warnings of heavy rainfall and flooding. Severe flooding in the Bhotekoshi River, which flows through Rasuwa, caused...