Govt plans to sell ‘enemy property’ shares in 84 cos; scrips of 20 firms put on block in 1st tranche

The Indian government plans to sell over 2.91 lakh ‘enemy property’ shares in 84 companies to individuals and corporates in tranches as part of its initiative to dispose of assets of individuals who migrated to Pakistan and China. The...


Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision

Japan Airlines (JAL) on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo’s Haneda airport this week. All 379 people...


Collection of nearly 4.5 billion from motor insurance business

Kathmandu : Statistics show that motor insurance has the largest share in the insurance business mandated by the government. The share of mandatory motor insurance in the total share of non-life insurance companies is covered more than 30 percent....


Nepal Insurance Authority bringing three insurance plans to bear different risk styles, Amended “Panchi Beema” (Poultry Insurance)

Kathmandu :  According to information Officer of the authority, Nirmal Adhikari, Nepal Insurance Authority is going to bring three crop insurance plans at once. Currently, they are counting on food and fruit farming, but they have made separate plans...


Public Awareness program about Insurance provided by Siddharth Premier Insurance in Kaski 

Kathmandu: Siddhartha Premier Insurance has completed the insurance awareness program. The company has organized the program at Shukraraj Secondary School located in Pokhara, Pumdibhumdi in Kaski District. About 100 students and teachers of classes 9, 10, 11, 12 of...


Himalayan Everest, Selling 2 Million shares of Nepal Re’s Founding Shares, What is the Minimum Price?

Kathmandu: Himalayan Everest Insurance is going to sell 2 million shares of founder shares of Nepal Reinsurance Company which it owns. The minimum price per share is Rs.300, and the first right to buy the shares belongs to the...


Baseball-Size Hail Makes Insuring Solar and Wind Farms Pricie

The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down in late were bigger than baseballs. The hail part of a larger pattern of severe storms, heat and other...


10 Life Insurance and 8 non-Life Insurance Company’s Due to Reach Minimum paid Capital Loss

Kathmandu : The time has passed when the paid-up capital set by the Nepal Insurance Authority should reach five billion for life insurance and two and a half billion for non-life insurance. However, the life insurance companies and 8...


A Significant Increase in the Profitability of IGI Prudential Insurance, such is the Overall Financial Situation

Kathmandu : Most of the financial indicators of IGI Prudential Insurance have increased. This was shown in the first quarter financial statement of the current financial year published by the company. According to the published financial statement, the company...


Insurance Premiums of non-Life Insurance Companies fell by 3.66%, Decline in the Business of Five Companies

 Kathmandu : Non-life insurance companies have managed to earn a total insurance fee of 10.44 billion rupees and 5.5 million rupees by the end of October of the current financial year.According to the financial statement published by the Insurance...