Kathmandu – Insurance companies in Nepal have collectively invested NPR 744 billion in various sectors, with a significant portion placed in bank fixed deposits. Of this, life insurance companies account for NPR 677 billion, while non-life insurance companies have...

Kathmandu – In the aftermath of the devastating floods and landslides that recently impacted Nepal, non-life insurance companies have collectively disbursed over NPR 1.19 billion in advance claims payments to those affected by the disaster. These payments aim to...

Kathmandu – The Nepal Stock Exchange (NEPSE) index witnessed a significant decline on Thursday, the final trading day of the week. The index fell by 33.42 points, closing at 2,682 points, resulting in substantial losses for investors across the...

Kathmandu – NLG Insurance Company Limited has urged policyholders to submit all required documents to process claims for damages caused by heavy rainfall in late September 2024. The company has stated that the claim payment process has been delayed...

Kathmandu – Kamal Gautam has been appointed as the Chief Executive Officer (CEO) of United Ajod Insurance Limited. The decision was made during the company’s 45th board meeting held yesterday. Gautam’s appointment was approved by the Insurance Authority yesterday,...

Kathmandu – Shikhar Insurance Company Limited has issued a notice urging policyholders who have applied for claims to submit the required documents to resume the assessment and payment process. The company disclosed that claims filed between August 31 and...

Kathmandu – IGI Prudential Insurance Limited has issued a public notice urging insured individuals who have applied for claims to promptly submit the required documents to facilitate the claims process. The company revealed that some claims related to damages...

Kathmandu – The Nepal Insurance Authority is preparing to introduce a significant hike in the license fees for new insurance companies. Currently, the license fee to register a new company stands at Rs 50,000, as mandated by the Insurance...

Kathmandu – The Nepal Insurance Authority in Gandaki Province disbursed over Rs 230 million in agricultural insurance claims during the fiscal year 2080/81. According to the authority, a total of Rs 232.9 million was paid to policyholders, reflecting the...

Kathmandu – The Nepal Insurance Authority has announced the revision and amendment of four significant agricultural insurance policies, covering coffee farming, bee farming, sugarcane farming, and vegetable farming. These revisions aim to align the policies with current needs and...