Kathmandu — Public infrastructure will now be covered by insurance. The provision has been introduced through an amendment to the Insurance Act, included in a bill aimed at revising several Nepal laws. Until now, the absence of insurance for...

Kathmandu — Authorities have found that vehicle renewals are being processed without the legally required third-party insurance. For motorcycles, the insurance premium required for renewal is about NPR 1,800. For four-wheelers, the cost ranges from NPR 7,000 to 8,000....

Kathmandu — The government has amended two provisions of the Insurance Act, 2022 through an ordinance issued yesterday to revise several Nepal Acts. The amendment removes the previously fixed four-year tenure for members under Section 9 of the Act....

Kathmandu — Irregularities have been detected in the insurance arrangements for the Fast Track project being constructed to connect the capital with the Terai-Madhesh region. Following these findings, Nepal’s insurance regulator, the Nepal Insurance Authority, has initiated closer monitoring...

Kathmandu — Shikhar Insurance, a leading player in Nepal’s insurance sector, has achieved a historic milestone by surpassing NPR 5 billion in premium collection. The company reached this mark by the end of the third quarter of the current...

Kathmandu — Nepal’s insurance industry is increasingly positioning itself as a strong source of employment. In recent years, the sector has attracted a growing workforce, with more than 12,000 people now directly employed across life, non-life, and micro-insurance companies....

Kathmandu — Nepal Insurance Authority, the regulatory body of the insurance sector, has been prioritizing the resolution of insurance-related complaints and dispute petitions. Despite delays in leadership appointments, the authority has recently stepped up efforts to address pending and...

Kathmandu — It has come to light that Ashok Kumar Khadka, the CEO of Neco Insurance Company, in which the Government of Nepal holds more than a 21 percent indirect stake, has accumulated enormous wealth worth millions of rupees....

Kathmandu — The Nepal Insurance Authority has instructed insurance companies to implement an e-billing system. The directive aims to strengthen financial discipline in the insurance sector, enhance transparency in transactions, ensure tax compliance, and make service delivery more technology-friendly....

Kathmandu — Nepal’s non-life insurance sector recorded a 13.86% year-on-year increase in premium income, reaching over NPR 36.58 billion by the end of the third quarter of fiscal year 2025/26 (mid-April 2026). The 14 non-life insurers in operation generated...