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...

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...

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...

Kathmandu – The Securities Board of Nepal (SEBON) is in the final stages of approving the rights issuance of several insurance companies which is worth over Rs 6.3 billion. As per the Nepal Insurance Authority’s directive to increase paid-up...

Kathmandu – Insurance agents across Nepal are preparing for protests against the recently approved Insurance Regulation 2081, claiming it curtails their rights. The regulation, passed by the Cabinet on January 11, imposes additional financial burdens on agents, including the...

Kathmandu – The Oriental Insurance Company Limited has provided Rs 1 million in financial support under its corporate social responsibility initiative. The amount has been donated to the Self Help Group for Cerebral Palsy, Lalitpur, a social organization dedicated...

Kathmandu – The Supreme Court has ruled against Chaudhary Group (CG) in its Rs 580 million insurance claim case related to a fire at CG Electronics Pvt. Ltd. in Satungal. The verdict upholds previous decisions by the Insurance Authority...

Kathmandu – The latest financial reports of Nepal’s non-life insurance companies indicate a stable and improving solvency ratio, a key measure of financial strength and risk-bearing capacity. The average solvency ratio across these companies has risen to 2.67, marking...

Munich – Munich Re has once again outperformed expectations, reporting a net profit of €5.7 billion for the 2024 financial year—€700 million above its original target. This marks the fourth consecutive year of exceeding profit goals, reflecting the company’s...

Kathmandu – United Ajod Insurance Limited has once again urged insured individuals to submit the necessary documents for their agriculture and livestock insurance claims filed last year until July 15, 2024. Despite an earlier notice, the company stated that...