United Ajod Insurance Urges Policyholders to Submit Required Documents for Claim Payment

Kathmandu – United Ajod Insurance Limited has issued a notice urging policyholders to submit the necessary documents for insurance claims filed until June 19, 2024 in order to proceed with payment. The company stated that while claims were filed...


Wildfires Devastate Los Angeles, Leaving Affected Residents Concerned About Insurance Claims

Altadena, California, (Reuters) – The recent wildfires in the Los Angeles area have left communities like Altadena grappling with profound loss and uncertainty. At least 11 lives have been claimed, and over 10,000 structures have been destroyed or severely...


Nepal Insurance Authority Issues Ultimatum to Rastriya Beema Company for Audit Action Plan

Kathmandu – The Nepal Insurance Authority has issued a one-week ultimatum to Rastriya Beema Company Limited (RBCL) to submit an action plan for the upcoming audit. The directive comes after the company’s repeated non-compliance with prior instructions, prompting the...


Nepal Insurance Authority Introduces Pig Insurance Policy

Kathmandu – The Nepal Insurance Authority has taken a significant step in expanding its insurance offerings with the introduction of a pig-specific insurance policy. The decision, which was issued on Poush 4 (December 19, 2024), marks a shift from...


NAFIJ Insures Rs 165 Million Group Accident Coverage for Members

Kathmandu – The Nepal Association of  Financial Journalists (NAFIJ) has taken a historic step to ensure the safety and well-being of its members by providing group accident insurance worth Rs 165 million. This initiative covers 235 NAFIJ members and...


Rastriya Beema Company Concludes AGM; Shareholders Raise Concerns Over Reinsurance

Kathmandu – The second annual general meeting of the government-owned Rastriya Beema Company Limited was held at Anmol Catering Services Pvt. Ltd., Shankhamul, Kathmandu today, where shareholders raised critical concerns over the company’s financial management and practices. A significant...


Rastriya Beema Company to Discuss Financial Reports at AGM Today

Kathmandu – The second annual general meeting of the government-owned Rastriya Beema Company Limited is being held today at Anmol Catering Services Pvt. Ltd., Shankhamul, Kathmandu. Despite the weight of unresolved complaints and non-compliance with auditing principles, the meeting...


National Insurance Company Invests Rs 2.75 Billion in First Quarter

Kathmandu – National Insurance Company Limited has made significant investments totaling Rs 2.75 billion across various sectors in the first quarter of the current fiscal year. According to data from the Nepal Insurance Authority, the company has allocated the...


Nepal Insurance Company Auctions Promoter Shares

Kathmandu – Nepal Insurance Company Limited has announced the auction of 21,133 units of promoter group shares. The auction is open exclusively to the company’s existing promoter shareholders. The minimum price per share has been set at NPR 180,...


Nepal Insurance Authority Holds Critical Discussions with Insurance CEOs

Kathmandu – The Nepal Insurance Authority convened a high-level meeting on Sunday, bringing together chief executive officers (CEOs) of both life and non-life insurance companies operating in the country. The discussions, led by the authority’s chairman Madan Dahal, focused...