Nepal Insurance Authority to Establish Formal Bench for Insurance Claim Hearings

Kathmandu – The Nepal Insurance Authority has announced plans to establish a formal bench to address issues related to insurance claims. According to the decision made by the Authority, the new system will come into effect from the 1st...


11 Insurance Companies Declare Dividends from Last Financial Year’s Profits

Kathmandu – Eleven insurance companies listed on the Nepal Stock Exchange (NEPSE) have declared dividends from the profits of the last financial year 2080/81. Among them, five are life insurance companies and six are non-life insurance companies. This period,...


Neco Insurance Extends Deadline for Right Shares Application

Kathmandu – Neco Insurance Limited has extended the deadline for applying for its right shares until March 27. The company has decided to provide additional time for shareholders to participate in the offering. Neco Insurance is offering right shares...


Himalayan Everest Insurance Concludes AGM, Approves 8.75% Cash Dividend

Kathmandu – Himalayan Everest Insurance Limited held its 31st Annual General Meeting (AGM) today at Anmol Banquet in Shankhamul, Kathmandu. During the meeting, the company approved the board of directors’ proposal to distribute an 8.75% cash dividend, including tax,...


Last Day to Apply for IGI Prudential Insurance Founder Shares Auction

Kathmandu – Today marks the final day to apply for the purchase of 80,000 founder shares of IGI Prudential Insurance Limited, which have been made available for sale through auction starting from March 4. The company has set the...


Sanima GIC Insurance to Hold 7th AGM, Proposes Bonus Shares and Dividends

Kathmandu – Sanima GIC Insurance Limited has scheduled its seventh annual general meeting (AGM) for April 3 at Amritbhog, Kalikasthan, Kathmandu. The meeting will begin at 11 a.m., following a decision made by the company’s board of directors during...


Nepal Insurance to Hold 76th AGM, Proposes 15% Bonus Share Distribution

Kathmandu – Nepal Insurance Company Limited has announced its 76th Annual General Meeting (AGM) for April 1 at 11 a.m. The meeting will be held at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The decision was made during a board of...


Insurance Fraud Attempt: Man Arrested for Setting Fire to His Own Shop

Kathmandu – A man involved in deliberately setting fire to his own shop with the intention of deceiving an insurance company and claiming compensation has been arrested by the police. Ramesh Sharma Lohar, a 28-year-old from Jagarnathpur Rural Municipality...


Prabhu Insurance Requests Insured to Submit Pending Claim Documents

Kathmandu – Prabhu Insurance Limited has requested insured clients to submit any missing documents related to their claim applications made till the end of the Magh month (mid-February) of the current financial year to facilitate claim payments. According to...


Non-Life Insurance Companies Pay Rs 3.56 Billion in Flood and Landslide Claims

Kathmandu – Non-life insurance companies have paid a total of Rs 3.56 billion in claims following the damage caused by the floods and landslides that occurred last September. According to the Nepal Insurance Authority, the claims were settled by...