Kathmandu – The Nepal Non-Life Insurance Association has urged the Securities Board of Nepal (SEBON) to amend a provision that prohibits corporate directors from selling their shares for one year after resigning from their positions. The association claims that...

Kathmandu – Insurance companies in Nepal have significantly increased their investments in productive and infrastructure sectors, a shift driven by amendments in the investment guidelines introduced by the Nepal Insurance Authority. The revised guidelines, which encourage investments in agriculture,...

Kathmandu – Rastriya Beema Company, a state-owned enterprise, is under scrutiny for alleged financial irregularities and corruption. The company has reportedly prepared and approved an audit report for fiscal years 2073 to 2075 in violation of accounting standards, with...

Kathmandu – Nepal Insurers’ Association President and CEO of Sagarmatha Lumbini Insurance, Chunky Chhetri, has pledged to support solutions for any challenges faced by employees and surveyors in the insurance sector. Speaking at a program organized by Financial Institute...

Kathmandu – The Morang Merchant’s Association has called on Finance Minister Bishnu Prasad Paudel to address the high premium rates in Nepal’s non-life insurance sector and introduce measures to revitalize the nation’s economy. In a memorandum submitted to the...

Kathmandu – Rastriya Beema Company Limited has announced its second Annual General Meeting (AGM) to be held on Poush 24 (January 8, 2025) on Shankhamul, Kathmandu. The decision was made during a board meeting held on December 13. The...

Kathmandu – Insurance companies in Nepal have collectively invested NPR 744 billion in various sectors, with a significant portion placed in bank fixed deposits. Of this, life insurance companies account for NPR 677 billion, while non-life insurance companies have...

Kathmandu – In the aftermath of the devastating floods and landslides that recently impacted Nepal, non-life insurance companies have collectively disbursed over NPR 1.19 billion in advance claims payments to those affected by the disaster. These payments aim to...

Kathmandu – The Nepal Stock Exchange (NEPSE) index witnessed a significant decline on Thursday, the final trading day of the week. The index fell by 33.42 points, closing at 2,682 points, resulting in substantial losses for investors across the...

Kathmandu – NLG Insurance Company Limited has urged policyholders to submit all required documents to process claims for damages caused by heavy rainfall in late September 2024. The company has stated that the claim payment process has been delayed...