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.  ...


IME Life Insurance Launches ‘Best Term Life Jeevan Bima Yojana’

Kathmandu, IME Life Insurance has introduced a new term life insurance plan named Best Term Life Jeevan Bima Yojana, specifically designed to cater to individuals from various professional backgrounds. The company, in its official statement, highlighted that the plan...


Non-Life Insurance Sector Sees 9.34% Growth, Boosted by Economic Activity and Vehicle Sales

Kathmandu, The non-life insurance sector in Nepal has seen significant growth in the current financial year, with total business increasing by 9.34% by the end of Bhadra month. This rise is attributed to increased economic activity and a surge...


High Court Directs Kamala Bridge Insurance Dispute to Commercial Court, NPR 130 million claim from Neco insurance

Kathmandu, The Patan High Court has ordered that the ongoing insurance dispute between Neco insurance and Lumbini Builders regarding the Kamala Bridge project be referred to the commercial court for a full hearing.  Lumbini Builders, part of the joint...


Anju Shrestha appointed CEO of Himalayan Everest Insurance

Kathmandu. Acting CEO Anju Shrestha has been appointed as the Chief Executive Officer (CEO) of Himalayan Everest Insurance Limited. Making history as the second female CEO in Nepali non-life insurance companies, Shrestha will lead Himalayan Everest Insurance Company. The...


Extending the Term Period of the Chairman of the Nepal Insurance Association Without Holding the General Meeting

Kathmandu ; There is a record that most of the insurance company cannot conduct there Annual General Meeting in time due to late submission of actuary valuation testing. However, a national organization like Nepal Insurance Association, which is not...


CEO of SALICO Chunky Chhetri Received 10 Million as Salary in last fiscal year

Kathmandu; Ceo of Sagarmatha lumbini insurance comapny Chunky Chhetri has received more then 10 million salary and allowance in fiscal year 2079/2080. According to annual book of sagarmatha lumbini general insurance company he had got 10 million and sixty...


6 New Directors elected Unopposed in SALICO

Kathmandu : Sagarmatha Lumbini Insurance has elected 6 new directors. The 27th annual general meeting of the company elected 4 representatives from the founder group and two representatives from the general group unopposed. Among the four directors representing the...


Sagarmatha Lumbini’s board members AGM has Rejected 50% Allowance increase

Kathmandu : The 27th annual general meeting of SALICO has been held on 27th of Chaitra, 2080 B.S.  In the meeting on proposed to discussion submitted a proposal to pass the annual financial statement for the year 2079/80.  Similarly,...