Kathmandu – Sagarmatha Lumbini Insurance Company Limited (Salico) is set to organize a four-day basic training session for aspiring insurance agents from Jestha 23 to 26 (June 6 to 9) . The training will be held at the company’s...

Kathmandu – Nepal Insurance Company has received approval from the Securities and Exchange Board of Nepal (SEBON) to issue 40 percent right shares of its current paid-up capital. The company is now set to issue 6,576,937.76 units of right...

Kathmandu — As the government prepares to unveil the federal budget for fiscal year 2082/83 by Jestha 15, concerns are mounting within the insurance sector over the unresolved issue of unpaid COVID-19 insurance claims. Despite four years having passed...

Kathmandu — The Department of Hydrology and Meteorology (DHM) and the Independent Power Producers’ Association, Nepal (IPPAN) have signed a Memorandum of Understanding (MoU) to establish an early warning system aimed at minimizing flood and landslide damage to hydropower...

Kathmandu – IGI Prudential Insurance Limited has called on its policyholders to complete their pending claim processes by submitting the required documents or contacting the company within the next 35 days. The company has stated that several claims submitted...

Kathmandu — NECO Insurance Limited has completed the allotment of 43,779.52 units of unsubscribed promoter right shares that remained unclaimed during its 4.1:1 issuance of 5,030,901.155 shares at a par value of NPR 100 per share. The allotment was...

Kathmandu — The total outstanding insurance claim amount of Nepal’s non-life insurance sector has reached Rs 35.79 billion by third quarter of of the current fiscal year. This figure marks a 41.54 percent increase compared to the same period...

Kathmandu — Neco Insurance Limited has successfully allotted its unallocated right shares that were offered to the public through an auction. The shares were made available for bidding at a base price of Rs 100 per share. According to...

Kathmandu — NLG Insurance Company Limited has announced that its 19th Annual General Meeting (AGM) will be held on Jestha 29 (June 12) at 11 AM at Amrapali Banquet, Baluwatar. The decision was made recently during the company’s Board...

Kathmandu – The average solvency ratio of Nepal’s non-life insurance companies has shown a modest improvement in the second quarter of the current fiscal year, reaching 3.28-up from last year’s 2.62. This improvement reflects the overall financial strength of...