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...


IGI Prudential Insurance Holds 27th AGM, Approves 9.73% Cash Dividend

Kathmandu – IGI Prudential Insurance Limited successfully held its 27th Annual General Meeting (AGM) today at Amrapali Banquet in Naxal, Kathmandu. The meeting addressed key financial decisions and operational matters. The AGM approved the distribution of a 9.7368% cash...


Nepal Insurance Announces 15% Bonus Shares and 0.79% Cash Dividend

Kathmandu – Nepal Insurance Company Limited has announced the distribution of dividends to its shareholders following a recent board meeting. The Board of Directors, in a meeting held on March 8, decided to distribute 15% bonus shares and a...


Sagarmatha Lumbini Insurance Urges Insured to Settle Pending Claims

Kathmandu – Sagarmatha Lumbini Insurance Company Limited (Salico) has urged insured individuals to complete the process for receiving their claim payments for claims which were made till the end of Poush month (mid-January). According to the company, the claim...


Tesla’s Global Sales Plummet, Offers $1100 Insurance Subsidy in China

Beijing (Reuters) – Tesla is introducing an insurance subsidy for its Model 3 buyers in China as it grapples with slowing global sales and increasing competition in key markets. The U.S.-based electric vehicle (EV) manufacturer announced that customers who...


Prabhu Mahalakshmi Life Insurance Announces Discount on Renewal of Lapsed Policies

Kathmandu – Prabhu Mahalakshmi Life Insurance Company Limited has announced a special discount for policyholders seeking to renew their lapsed insurance policies. The company has issued a notice stating that from March 6 to 13, policyholders will be able...