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...

Kathmandu — Preliminary insurance claims for damage caused by floods in the Bhotekoshi and Trishuli rivers have reached around NPR 25.87 billion across 15 non-life insurers. According to claim details received by the Nepal Insurance Authority as of September...

Kathmandu — Insurance companies are preparing to settle small claims from policyholders affected by floods and landslides in Rasuwa and surrounding areas within a month. Birendra Badhuwaal Chhetri, president of the Nepal Insurers’ Association and CEO of Siddhartha Premier...

Kathmandu — The government is preparing to legally guarantee air passengers’ rights and compensation. Minister for Culture, Tourism and Civil Aviation Khadak Raj Paudel said minimum compensation and passenger rights in cases such as flight cancellations, delays and lost...

Kathmandu — Birendra Badhuwaal Chhetri, president of the Nepal Insurers’ Association and chief executive officer of Siddhartha Premier Insurance, has said that the payment process for small insurance claims will be expedited to provide relief to people affected by...

Kathmandu — The solvency margin ratio, a key measure of financial strength and risk-bearing capacity for companies operating in Nepal’s non-life insurance sector, improved in the fiscal year ended mid-July 2026 (Asar-end 2083 BS) compared with the previous fiscal year...

Kathmandu — The government will introduce special measures to speed up insurance claim settlements and help flood- and disaster-affected businesses resume operations. The Ministry of Finance’s Business Recovery Plan — Phase I has made insurance claims and compensation a...

Kathmandu — The government has decided to provide advance insurance claim payments to policyholders affected by the Rasuwa floods based on preliminary damage assessments. The provision was introduced through the ‘Rasuwa Flood Recovery Package’ unveiled by the Ministry of...