NEPSE Index Drops 38 Points; Majority of Insurance Stocks Decline

Kathmandu – The Nepal Stock Exchange (NEPSE) closed lower on the last trading day of the week, with the benchmark index falling by 38.10 points to settle at 2,782 points. Out of the total listed companies, share prices of...


Siddhartha Premier Insurance’s Dolakha Branch In-Charge Shirish Basnet Dies in Motorcycle Collision

Kathmandu – A tragic road accident in Dolakha has claimed the life of Siddhartha Premier Insurance’s Dolakha branch in-charge, Shirish Basnet, along with another youth. The incident occurred on Bhadra 11 at Ramite Danda, Bhimeshwor Municipality-6, when two motorcycles...


Neco Insurance to Conduct Non-Life Insurance Agent Training

Kathmandu – Neco Insurance Limited has announced that it will be conducting a non-life insurance agent training program from Bhadra 22 to 24 (September 7 to 9). According to the public notice issued by the company, the training sessions...


Insurance Sector Provides Rs 11.41 Billion in Employee Facilities Annually

Kathmandu – Nepal’s insurance sector has increasingly become an attractive employment destination, with more than 12,000 employees receiving service facilities annually. According to the financial statements of the last fiscal year, a total of 12,251 employees working in life...


NEPSE Lists Neco Insurance Bonus Shares

Kathmandu – The Nepal Stock Exchange (NEPSE) has listed bonus shares of Neco Insurance Company Limited. Today, a total of 17,60,815 of bonus shares, equivalent to 7 percent of the company’s paid-up capital, were listed. With the listing, investors...


Non-Life Insurance Outstanding Claim Payments Reach Rs 8.03 Billion in FY 2081/82

Kathmandu – The outstanding insurance claim payments of non-life insurance companies in Nepal have reached Rs 8.03 billion in the fiscal year 2081/82. According to the financial statements published by 14 non-life insurers for the last fiscal year, the...


NIA Directs Insurance Companies to Ensure Transparency in Policy Loans

Kathmandu – The Nepal Insurance Authority (NIA) has issued a directive instructing insurance companies to provide clear, timely, and easily understandable information regarding loans taken by policyholders against their insurance policies. The Authority has mandated insurers to inform policyholders...


Sanima GIC Insurance Puts 580,000 Promoter Shares on Sale

Kathmandu – Sanima GIC Insurance Limited has once again announced the sale of 580,000 units of promoter shares, following the initial offering’s failure to receive applications. Sanima GIC The company had earlier published a notice on 30th Shrawan (August...


Insured Must Understand Policy Terms to Avoid Claim Issues: CEO Gautam

Kathmandu — United Ajod Insurance Company Chief Executive Officer (CEO) Kamal Gautam has stressed that insurance claim disputes can be minimized if policyholders clearly understand the terms and conditions of their policies. Speaking during a panel discussion on “Public...


Insurance Access Reaches Record 48.33% in Nepal

Kathmandu — Access to Insurance in Nepal has reached an all-time high of 48.33 percent, marking an increase of 5.06 percentage points compared to the previous fiscal year, according to the latest data released by the Nepal Insurance Authority....