Siddhartha Premier Insurance Releases First Quarter Financial Statements

Kathmandu – Siddhartha Premier Insurance Company has released its financial statements for the first quarter of the current fiscal year, reflecting changes across key economic indicators. During the review period, the company recorded a net interest income of Rs...


NLG Insurance Reports Growth in Income and Life Fund in Q1

Kathmandu – NLG Insurance Company Limited has released its first-quarter financial statements for the current fiscal year, highlighting growth in income and its life insurance fund. During the first three months, the company reported a net interest income of...


Siddhartha Premier Insurance Leads in Gen-Z Claim Payments, Disburses Over Rs 1.5 Billion

Kathmandu — Siddhartha Premier Insurance Company Limited has emerged as one of the leading insurers in Nepal for its swift and substantial claim payments following the damages caused by the Gen-Z movement on Bhadra 23 and 24. The company...


Non-life Insurance Companies Pay Over Rs 3.68 Billion in Gen-Z Protest Claims

Kathmandu — Non-life insurance companies have paid a total of Rs 3.68 billion in insurance claims related to the Gen-Z protests that occurred on Bhadra 23 and 24, according to the latest data released by the Nepal Insurance Authority...


“Private Sector Begins Reconstruction with Insurance Advance Payments”, Says Finance Minister Khanal

Kathmandu — Finance Minister Rameshwor Khanal has said that the private sector has started rebuilding its assets using 50 percent advance payments provided by insurance companies as part of the post-Gen-Z recovery effort. Speaking at a meeting of the...


Concerns Raised Over Governance Practices at Himalayan Everest Insurance

Kathmandu – Questions have been raised regarding the internal governance practices at Himalayan Everest Insurance Company, as employees from various departments are reportedly required to visit the residence of Chairman Mahendra Krishna Shrestha in Babarmahal to obtain signatures on...


Non-life insurance Companies collect Rs 12.92 billion in premiums in first quarter

Kathmandu – Non-life insurance companies in Nepal have collected a total premium of Rs 12.92 billion in the first quarter of the current fiscal year (FY), according to data released by the Nepal Insurance Authority (NIA). Among the seven...


Non-Life Insurance Sector Grows by 11.14 Percent in First Quarter

Kathmandu – The business of non-life insurance companies in Nepal has increased by 11.14 percent in the first three months of the current fiscal year. According to the financial statements published by the Nepal Insurance Authority on Tuesday, the...


Non-Life Insurance Companies Earn Over Rs 12.65 Billion in Premiums in First Quarter

Kathmandu – Non-life insurance companies in Nepal have collectively earned an insurance premium totaling Rs 12.65 billion in the first three months of the current fiscal year. According to the financial statements published by the Nepal Insurance Authority on...


Himalayan Everest Insurance Faces Heavy Liability Amid Reinsurance Oversight

Kathmandu – Himalayan Everest Insurance Company has incurred a significant financial burden following the recent Gen-Z movement, with insurance claims totaling nearly Rs. 971.4 million filed against the company. According to sources, Anju Shrestha, who previously led the reinsurance...