Shikhar Insurance Reports Rs 357 Million Profit in Current Fiscal Year

Kathmandu — Shikhar Insurance Company has published its third-quarter financial statement for the current fiscal year 2081/82, showing a stable performance with most indicators trending positively. As per the report, the company earned a net profit of Rs 357.05...


Sagarmatha Lumbini Insurance Reports 47% Drop in Net Profit Despite Modest Income Growth

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has reported a significant decline in its net profit for the third quarter of the current fiscal year. According to the financial statement published today, the company earned a net profit...


NEPSE Adjusts Bonus Share Price of Neco Insurance

Kathmandu — The Nepal Stock Exchange (NEPSE) has adjusted the share price of Neco Insurance Limited following the company’s announcement of a 7 percent bonus share. As per the adjustment, the new reference price has been set at Rs...


NLG Insurance Announces Dividend from Last Fiscal Year’s Profit

Kathmandu – NLG Insurance Company Limited has announced a dividend for its shareholders, drawn from the accumulated profit of the previous fiscal year. The company will distribute a 2.5% bonus share and a 0.131579% cash dividend (including tax) based...


Oriental Insurance Reports Loss Despite Growth in Premium Income and Business Volume

Kathmandu – Oriental Insurance Company has published its unaudited financial report for the third quarter of the current fiscal year, revealing a mixed performance marked by an increase in business volume and premium income but a downturn in profitability....


IGI Prudential Insurance Profit Drops 43.31% in Q3 Despite Growth in Premium Income

Kathmandu — IGI Prudential Insurance Company has reported a sharp decline in net profit in the third quarter of the current fiscal year, even as key indicators such as premium income and insurance fund size posted positive growth. According...


Insurance Companies Still Focused on Capital, Bagmati Province Records Highest Premium Collection

Kathmandu – Despite repeated directives from the Nepal Insurance Authority to expand operations into rural regions, the majority of insurance companies continue to focus their business within Bagmati Province, particularly the Kathmandu Valley. According to financial data released by...


Salico Urges Insured to Complete Claim Process Within 35 Days

Kathmandu — Sagarmatha Lumbini Insurance Company Limited (Salico) has requested all insured individuals who filed claim applications by the end of Chaitra 2081 (mid-April), to complete the remaining process and receive their payments. In a public notice, the company...


Insurance Authority Organizes Stakeholder Interaction in Birgunj, Stresses Credibility and Compliance

Kathmandu – The Nepal Insurance Authority’s Madhesh Province Office held a discussion and interaction program in Birgunj on Monday, bringing together provincial heads of both life and non-life insurance companies to deliberate on pressing issues in the insurance sector....


Non-Life Insurance Companies Collect Rs 4.10 Billion in Premiums, Business Grows by 7%

Kathmandu – According to the data released by the Nepal Insurance Authority, Non-life insurance companies in Nepal have collectively earned Rs 4.10 billion in insurance premiums in the month of Chaitra alone, reflecting a 7.01 percent increase compared to...