Kathmandu – Non-life insurance companies have paid a total of Rs 3.56 billion in claims following the damage caused by the floods and landslides that occurred last September. According to the Nepal Insurance Authority, the claims were settled by...

Kathmandu – IGI Prudential Insurance Limited successfully held its 27th Annual General Meeting (AGM) today at Amrapali Banquet in Naxal, Kathmandu. The meeting addressed key financial decisions and operational matters. The AGM approved the distribution of a 9.7368% cash...

Kathmandu – Nepal Insurance Company Limited has announced the distribution of dividends to its shareholders following a recent board meeting. The Board of Directors, in a meeting held on March 8, decided to distribute 15% bonus shares and a...

Kathmandu – Sagarmatha Lumbini Insurance Company Limited (Salico) has urged insured individuals to complete the process for receiving their claim payments for claims which were made till the end of Poush month (mid-January). According to the company, the claim...

Beijing (Reuters) – Tesla is introducing an insurance subsidy for its Model 3 buyers in China as it grapples with slowing global sales and increasing competition in key markets. The U.S.-based electric vehicle (EV) manufacturer announced that customers who...

Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced a special discount for policyholders seeking to renew their lapsed insurance policies. The company has issued a notice stating that from March 6 to 13, policyholders will be able...

Kathmandu – The Securities Board of Nepal (SEBON) is in the final stages of approving the rights issuance of several insurance companies which is worth over Rs 6.3 billion. As per the Nepal Insurance Authority’s directive to increase paid-up...

Kathmandu – Insurance agents across Nepal are preparing for protests against the recently approved Insurance Regulation 2081, claiming it curtails their rights. The regulation, passed by the Cabinet on January 11, imposes additional financial burdens on agents, including the...

Kathmandu – The Oriental Insurance Company Limited has provided Rs 1 million in financial support under its corporate social responsibility initiative. The amount has been donated to the Self Help Group for Cerebral Palsy, Lalitpur, a social organization dedicated...

Kathmandu – The Supreme Court has ruled against Chaudhary Group (CG) in its Rs 580 million insurance claim case related to a fire at CG Electronics Pvt. Ltd. in Satungal. The verdict upholds previous decisions by the Insurance Authority...