Kathmandu – The Nepal Insurance Authority has introduced a new framework to simplify and streamline the foreign exchange settlement process for reinsurance purposes. The new guidelines mandate non-life insurance companies to submit the required documents for foreign currency exchange....

Kathmandu – Today is the last day for shareholders of Sanima GIC Insurance Limited to secure their dividend. The company is set its book closure for the seventh annual general meeting (AGM) and dividend distribution on March 21. Only...

Kathmandu – The stock market witnessed a double-digit decline on Wednesday, with the NEPSE index falling by 14.88 points to close at 2682.15 points. The drop was driven largely by a significant decrease in the prices of insurance company...

Kathmandu – The Nepal Insurance Authority has instructed all life insurance, non-life insurance, and reinsurance companies to establish an “Investment Management Unit” under the leadership of senior management personnel with relevant investment experience. According to the Authority, the companies...

Kathmandu – Upper Tamakoshi Hydropower Limited has announced plans to insure its assets and has invited interested insurance companies to submit sealed proposals. The company issued a public notice requesting qualified companies to provide detailed proposals within the specified...

Kathmandu – Today marks the final day for shareholders of Nepal Insurance Company Limited to secure dividends for the current financial year. The company will close its book on March 20 for the purpose of the 76th Annual General...

Kathmandu – IGI Prudential Insurance Limited has announced the auction of 80,000 founder shares, open for purchase by the general public. The minimum price for the shares has been set at Rs 205 per share. Interested buyers must apply...

Kathmandu – Sagarmatha Lumbini Insurance (Salico) has settled an insurance claim of Rs 425 million to Panchthar Power Company Limited. The payment covers losses incurred under Panchthar Power’s schemes. Salico’s Chief Executive Officer (CEO), Chunky Chhetri, handed over the...

Kathmandu – Shikhar Insurance Company Limited has released a thematic film marking its 20th anniversary. The film highlights the resilience, trust, and confidence customers have shown in the company over the past two decades. According to Shikhar Insurance, the...

Kathmandu – United Ajod Insurance has appointed Sanjay Aryal and Kashi Nath Burlakoti as the company’s new general managers. Additionally, Dhiraj Dhungana has been entrusted with the role of chief manager. Sanjay Aryal brings 26 years of experience in...