Insurance Authority Steps In as Government Fails to Insure Its Buildings

Kathmandu — Despite repeated commitments made through national budget speeches and policy declarations, the government has yet to insure its buildings — including historic administrative centers like Singha Durbar. With this gap continuing for years, the Nepal Insurance Authority...


Insurance Claims Soar to Rs 843.8 Million Following Rasuwa Floods and Landslides

Kathmandu – The devastating floods and landslides that struck Rasuwa district on Ashar 23 (July 7) have triggered insurance claims worth Rs 843.81 million, as per the latest figures released by the Nepal Insurance Authority. According to the Authority,...


Finance Ministry’s Silence Raises Alarms Over Governance Crisis at Rastriya Beema Company

Kathmandu — Serious questions have emerged over the state of governance at the government-owned Rastriya Beema Company, as the Insurance Authority appears unable to take regulatory action due to direct interference and inaction from the Ministry of Finance, led...


Nepal Insurance Issues 34.783% Right Shares from Today

Kathmandu – Nepal Insurance Company Limited has started issuing 34.783 percent right shares from today, aiming to meet the paid-up capital requirement set by the Insurance Authority. The company received approval from the Nepal Securities Board to issue a...


Flood Damage Claims in Rasuwa Reach Rs 290 Million

Kathmandu – The recent floods in Rasuwa have led to insurance claims totaling Rs 290 million, as per the latest data from the Nepal Insurance Authority. The natural disaster, which struck the region on Ashar 23 (July 7), caused...


Nepal Insurance Company Receives Gold Award for Best Annual Report

Kathmandu — Nepal Insurance Company Limited has been awarded the prestigious Gold Award for its outstanding annual report presentation at the National Best Presented Annual Report Award 2024. Organized by the Institute of Chartered Accountants of Nepal (ICAN), the...


NEPSE Surges Over 75 Points as Insurance Stocks Propel Market Rally

Kathmandu — Nepal’s stock market ended the trading week with a remarkable upswing, as the NEPSE index jumped by 75.84 points to close at 2,870.63 on Thursday. The surge marks one of the strongest single-day gains in recent weeks,...


Siddhartha Premier Insurance Pays Over Rs 3.2 Billion in Claims, Prioritizes Flood and Landslide Settlements

Kathmandu — Marking its anniversary with a significant milestone, Siddhartha Premier Insurance Limited has announced the settlement of over Rs 3.2 billion in insurance claims during the fiscal year 2081/82. The company processed a total of 17,730 claims over...


Himalayan Everest Insurance Achieves NPR 4 Billion in Annual Premiums

Kathmandu – Himalayan Everest Insurance has achieved a significant milestone by earning more than NPR 4 billion in insurance premiums during the fiscal year 2081/82, marking one of the company’s most successful financial years to date. According to the...


Sagarmatha Lumbini Insurance Achieves Record Rs 5 Billion in Premium Collection

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has marked a historic milestone by earning over Rs 5 billion in insurance premiums in the fiscal year 2081/82, positioning itself among the top-performing companies in Nepal’s insurance sector. According to...