In collective farming, farmers now have to pay for accident insurance separately, The time period has been reduced

Kathmandu : In collective farming, now farmers have to pay separate accident insurance. The Nepal Insurance Authority has issued 8-point instructions regarding accident insurance and has arranged that the accident insurance of collective farming where farmers should purchase insurance...


Nepal Reinsurance Company will sell 3.5 million shares of 4 founders

Kathmandu : Nepal Reinsurance Company is going to sell 3.5 million shares. The company is going to sell 35 lakh 87 thousand 434 shares owned by the four founding shareholders from the 8th February. 2 million shares owned by...


Net profit growth of Neco Insurance, progress in all indices, insurance business over billion

Kathmandu : Neco Insurance Company has published the second quarter financial statement of the current year. According to the raw financial statement, both the profit and the insurance business of Neco Insurance Company have increased. The company’s insurance business...


The profit of non-life insurance companies increased by 49 percent

Kathmandu : Non-life insurance companies have released unrevised financial statements for the second quarter. Till this period, 13 out of 14 companies currently operating in Nepal have published their financial statements. Compared to the last financial year, the profit...


IGI Prudential Insurance’s going to held General Assembly meeting on 3 March 2024

Kathmandu : The 26th Annual General Meeting of IGI Prudential Insurance Limited will be held on Sunday, February 3 march at Lainchour Bouquet, Kathmandu. The meeting of this company, which has not submitted any proposal regarding dividend, will discuss...


Authority’s manipulation of third party motor insurance policy, allowing micro insurance to bear risk of billions without any supervision

Kathmandu: It has been found that the regulator Nepal Insurance Authority has allowed micro insurance that cannot bear the risk by manipulating the third party motor insurance policy. On 3rd of January, 2024 A.D (18th of Paush, 2080 B.S)...


Govt plans to sell ‘enemy property’ shares in 84 cos; scrips of 20 firms put on block in 1st tranche

The Indian government plans to sell over 2.91 lakh ‘enemy property’ shares in 84 companies to individuals and corporates in tranches as part of its initiative to dispose of assets of individuals who migrated to Pakistan and China. The...


Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision

Japan Airlines (JAL) on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo’s Haneda airport this week. All 379 people...


Collection of nearly 4.5 billion from motor insurance business

Kathmandu : Statistics show that motor insurance has the largest share in the insurance business mandated by the government. The share of mandatory motor insurance in the total share of non-life insurance companies is covered more than 30 percent....


Nepal Insurance Authority bringing three insurance plans to bear different risk styles, Amended “Panchi Beema” (Poultry Insurance)

Kathmandu :  According to information Officer of the authority, Nirmal Adhikari, Nepal Insurance Authority is going to bring three crop insurance plans at once. Currently, they are counting on food and fruit farming, but they have made separate plans...


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