Kathmandu — Protective Micro Insurance Limited has appointed Laxmi Sunrise Capital Limited as the guarantor for its upcoming issuance of 22,50,000 units of ordinary shares. An agreement to this effect was signed between Bijay Lal Shrestha, Chief Executive Officer...

Kathmandu – Rastriya Beema Company Limited, a government-owned insurance provider, has reported a notable decline in net profit for the fiscal year 2081/82. The company’s profit fell by 31.83 percent, dropping from Rs 627.3 million in the previous fiscal...

Kathmandu — NLG Insurance Company Limited has reported positive growth in key financial indicators for the fiscal year 2081/82, according to the annual financial statements released by the company. The company’s net profit rose by 9.66 percent, reaching Rs...

Kathmandu — Sanima GIC Insurance Limited has reported a solid financial performance for the last fiscal year, with growth in profit, earnings per share (EPS), and a stronger capital base. According to the company’s fourth quarter financial statement, net...

Kathmandu — National Insurance Company Limited has posted a net loss of Rs 623.9 million for the fiscal year 2081/82, a sharp reversal from the Rs 266.7 million profit recorded in the previous year, according to its fourth-quarter financial...

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has reported a net profit of Rs 403.2 million for the end of the fiscal year 2081/82, reflecting a 12.53% decline compared to Rs 460.9 million recorded in the previous fiscal...

Kathmandu — Siddhartha Premier Insurance Limited has reported an overall improvement in its financial indicators for the fourth quarter of the last fiscal year. According to the company’s statement, net profit rose by 3.63 percent to Rs 713.1 million...

Kathmandu — Nepal Insurance Company Limited has extended the application deadline for its ongoing right share issuance until Bhadra 2 (August 18). The issuance offers a total of 6,576,967.76 units of right shares at a face value of Rs...

Kathmandu — The devastating floods and landslides triggered by incessant rainfall in Rasuwa district on 23 Ashar (July 7) have resulted in insurance claims approaching Rs 1 billion. According to the Nepal Insurance Authority, as of 22 Shrawan (August...

    Kathmandu — Four non-life microinsurance companies operating in Nepal collectively earned Rs 953.8 million in insurance premiums during the fiscal year 2081/82, according to data released by the Nepal Insurance Authority. Leading the sector, Nepal Micro Insurance...