Nepal’s Non-Life Insurers Report 9% Growth in Premiums as Market Expands

Kathmandu – Nepal’s 14 non-life insurance companies collectively reported a 9% increase in total premium earnings period of this F/Y first three months compared to the same period last fiscal year. Total non-life insurance premium increased from 10.44 billion...


Asian Life Insurance Hosts Business Achievers Award 2024 in Pokhara

Kathmandu- Asian Life Insurance Company held its Business Achievers Award 2024 ceremony in Pokhara, recognizing top-performing agents for their dedication and excellence. The three-day event at Pokhara Grand Hotel brought together over 200 attendees, celebrating achievements and promoting professional...


NLG Insurance Approves 62.56% Rights Share Issuance in Special General Meeting

Kathmandu,  NLG Insurance Company Limited held its special general meeting today at Amrapali Banquet, Baluwatar, under the chairmanship of Bimal Prasad Wagle, Chairman of the Board of Directors.   The meeting approved a resolution to issue 62.56% rights shares,...


Siddharth Premier Insurance Donates Rs 51 Lakh to PMs Disaster Relief Fund

Kathmandu,  Siddharth Premier Insurance Company has contributed Rs 51 lakh to the Prime Minister’s Disaster Relief Fund as part of its corporate social responsibility efforts. The donation aims to assist with relief and reconstruction efforts following severe floods and...


Dip Prakash Pandey Appointed as CEO of Shikhar Insurance

Kathmandu, Dip Prakash Pandey has been re-appointed as the Chief Executive Officer (CEO) of Nepal leading non-life Shikhar Insurance Company Limited. The company’s board of directors made the decision during its 340th meeting, held on Thursday, October 17.  ...


Ministry of Agriculture Introduces New Procedure for Crop and Livestock Insurance Subsidies

Kathmandu, The Ministry of Agriculture and Livestock has introduced a revised procedure for providing subsidies on crop and livestock insurance, reducing the percentage of the insurance premium subsidies that were previously available. Under the new guidelines, the standard 80...


Shikhar Insurance Expedites advance Payments for Flood and Landslide Claims

Kathmandu, Shikhar Insurance Company has announced that it is rapidly processing insurance claims related to recent floods and landslides caused by continuous rainfall since Ashwin 11th. The company is prioritizing swift payouts for smaller and simpler claims to provide...


Anju Shrestha Appointed CEO of HEI, promise to make better company at oath

Kathmandu, Anju Shrestha has officially assumed the position of Chief Executive Officer (CEO) of Himalayan Everest Insurance Limited. The company confirmed that Shrestha took the oath of office during a Board of Directors meeting held on October 2.  ...


Agriculture and Livestock Sector Suffers Losses more then Rs 6 Billion Due to Floods and Landslides

Kathmandu, Continuous rainfall, landslides, and flooding since last Thursday have wreaked havoc on Nepal’s agriculture and livestock sector, causing losses amounting to Rs 6 billion. Most of them are out of insurance claim because of lack insurance awareness. Nepal...


NLG Insurance Company Calls Special General Meeting to Approve Right Share Issuance

Kathmandu, NLG Insurance Company Limited has announced a special General Meeting to approve the issuance of right shares. The meeting, scheduled for October 23 at Amrapali Banquet in Baluwatar, Kathmandu, will begin in the morning at 10 a.m.  ...