Wednesday 3rd June 2026
Kathmandu — Sagarmatha Lumbini Insurance Company Limited (SALICO) reported a net profit of NPR 133.2 million in the third quarter of fiscal year 2025/26, according to its unaudited financial statement. The company had posted a net profit of NPR...
Kathmandu — IGI Prudential Insurance Limited has released its unaudited financial results for the third quarter of fiscal year 2025/26, reporting significant growth in its insurance fund, net premium income, and overall revenue. According to the financial statement, the...
Kathmandu — Siddhartha Premier Insurance Limited has released its third-quarter financial results for the current fiscal year, revealing significant fluctuations across key financial indicators. The company posted a net profit of Rs. 40.1 million during the review period, marking...
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 — 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...