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,...


IGI Prudential Insurance has Completed Insurance Agent Training

Kathmandu : IGI Prudential Insurance Limited has completed agent training. The company has provided training related to non-life insurance for those who were willing to join the company as insurance agents from 13th to 16th of Chaitra. In the...


Almost 65% business of Non-life Insurance Company is solely covered by Bagmati province

Kathmandu : Non-life insurance companies are performing their operation in all the seven provinces of Nepal however the highest percent, which is almost 65% of total business is seen only in Bagmati Province. The 14 non-life insurance companies operating...


Non-life insurance business is ruled by motor insurance as more than one-third share is covered

Kathmandu : Motor insurance occupies the largest share of the business of non-life insurance companies. Although the business of non-life insurance companies is in more than half a dozen sectors, the share of motor insurance is the highest i.e....


Government provided mandate to earn, 2 billion insurance premiums term of life insurance fee

Kathmandu : The government has made insurance compulsory for ordinary citizens going for foreign employment. Currently, only 10 life insurance companies operating in Nepal are selling foreign employment insurance (MIA). Life insurance companies have earned insurance premiums worth 1...