Damage Assessment of Rasuwagadhi Hydropower to Take Time

athmandu – The recent flooding triggered by continuous heavy rainfall has inflicted significant damage on the Rasuwagadhi Hydropower Project in Rasuwa district, with insurance companies facing difficulties in assessing the losses due to logistical disruptions. According to Naranath Neupane,...


Insurance Companies See Broad Stock Gains Amid Market Rise

Kathmandu — The domestic stock market witnessed a notable upswing on Wednesday, with the NEPSE index climbing by 23.99 points to settle at 2707.85 points. This fourth trading day of the week brought positive momentum across several sectors, with...


Complaint Disposal Rate Drops at Nepal Insurance Authority as Pending Cases Rise

Kathmandu — The Nepal Insurance Authority has resolved 113 insurance-related complaints over the past 11 months of the current fiscal year, marking a decline in its complaint disposal rate compared to the previous year. The latest data, made public...


Nepal Insurance Authority Unveils Comprehensive Policy and Program for Fiscal Year 2082/83

Kathmandu — The Nepal Insurance Authority has officially made public its policy and program for the upcoming fiscal year 2082/83, outlining a broad vision for enhancing the accessibility, transparency, and quality of insurance services across the country. During a...


Massive Landslide at Rasuwagadhi Checkpoint Could Trigger Millions in Insurance Claims

Kathmandu – A devastating landslide at the Rasuwagadhi checkpoint early this morning has swept away dozens of vehicles, causing widespread damage and triggering insurance claims worth millions of rupees. According to initial reports, a large number of electric and...


Chairman Ojha Warns of Action Against Insurance Officials Neglecting Policyholders’ Interests

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has issued a stern warning to provincial and branch heads of insurance companies, stating that strict action will be taken against those who fail to act in the interest of the...


Insurance Claim Payments Reach Nearly Rs 73 Billion in 11 Months

Kathmandu — Insurance companies in Nepal have significantly expanded their claim settlement scope, with non-life insurers in particular showing remarkable growth in the current fiscal year. According to the Nepal Insurance Authority, the total insurance claim payments by both...


Insurance Authority Warns of Action Against Delay in Claim Payments

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has said that action will be taken against insurance companies and surveyors responsible for delaying claim payments. Speaking at an insurance interaction program organized by the Chamber of Industries, Morang in...


Insurance Sector Employs Over 12,000 Amid Expanding Market and Premium Growth

Kathmandu – Nepal’s insurance industry has emerged as a key employment generator, with over 12,000 individuals currently working across 37 life and non-life insurance companies. According to data released by the Nepal Insurance Authority, 12,234 employees were engaged in...


Nepal Insurance to Issue 34.78% Right Shares

Kathmandu – Nepal Insurance Company Limited is set to issue 34.783 percent right shares starting from Shrawan 6, 2082, following approval from the Securities Board of Nepal (SEBON). The company is offering a total of 6,576,967.76 units of right...