Government Moves to Dismiss Insurance Authority Chairman Sharad Ojha Over Fake Documents

Kathmandu – The government is preparing to dismiss Sharad Ojha, chairman of the Nepal Insurance Authority, after an investigation concluded that the documents he submitted at the time of his appointment were fake. A committee formed by the Council...


Non-Life Insurance Companies Earn 4.16 Billion Net Profit in FY 2081/82, Siddhartha Premier and Neco Insurance at the Lead

Kathmandu – The net profit of Nepal’s non-life insurance sector fell sharply in the last fiscal year 2081/82, declining by 28.92 percent compared to the previous year. According to the financial statements published by the 14 non-life insurance companies...


Nepal Insurance Reports Steady Growth in Premiums and Profit in FY 2081/82

Kathmandu — Nepal Insurance Company Limited has posted steady growth in key financial indicators, including premium income and profit, in the fiscal year 2081/82, according to its final quarterly financial statement released today. The country’s oldest insurance company earned...


Oriental Insurance Reports Net Profit of 82.9 Million in FY 2081/82

Kathmandu — The Oriental Insurance Company Limited has reported a sharp decline in its annual profit for the fiscal year 2081/82, according to financial statements published today. The company posted a net profit of Rs 82.9 million, an 86.9%...


Himalayan Everest Insurance Reports Strong Growth in Q4 Financials, Profit Rose by 5.09 Percent

Kathmandu – Himalayan Everest Insurance Limited has released its fourth-quarter financial statement for the last fiscal year 2081/82, reporting significant growth across key financial indicators. The company’s net profit rose from Rs 502.4 million in the previous fiscal year...


Prabhu Insurance Reports 211.9 Million in Profit, Total Income Rises by 9.36 Percent

Kathmandu – Prabhu Insurance Limited has reported robust financial performance for the last fiscal year, reflecting growth across key business and profitability indicators. According to the company’s recently published financial statements, Prabhu Insurance earned a net profit of Rs...


IGI Prudential Reports Strong Financial Performance in FY 2081/82, Net Insurance Premium Increase by 12.26%

Kathmandu – IGI Prudential Insurance Company Limited has released its financial statement for the fourth and final quarter of the last fiscal year, highlighting notable growth across key financial indicators. The company reported a net insurance premium of Rs...


Neco Insurance Reports Rs 550.8 Million Profit in FY 2081/82

Kathmandu — Neco Insurance Company Limited has posted a net profit of Rs 550.8 million for the fiscal year 2081/82, according to its fourth-quarter financial statements published today. Despite a slight decline in profit, the company has shown impressive...


United Ajod Insurance Reports Rs 216.4 Million Profit, Net Premium Increases by 7.29%

Kathmandu — United Ajod Insurance Limited has earned a net profit of Rs 216.4 million for the fiscal year 2081/82, a decline of 12.87% from Rs 248.4 million in the previous fiscal year, according to the company’s financial statements...


Shikhar Insurance Earns Rs 452.7 Million Profit in FY 2081/82

Kathmandu — Shikhar Insurance Company Limited has reported a net profit of Rs 452.7 million for the fiscal year 2081/82, according to the financial statements published today. This marks a slight increase compared to the previous fiscal year’s profit...