KATHMANDU, Jan 9:  Nepal Insurance Authority (NIA) has revised the investment guidelines for insurance companies, allowing them to purchase up to 15 percent shares of a public company. Previously, insurance companies could buy up to 5 percent of the shares of a public company.

KATHMANDU, July 31: The Nepal Insurance Authority (NIA) has stepped up efforts for forced merger of those insurance companies which neglected the regulator’s directive to raise their capital bases.

KATHMANDU, March 5: Nepali non-life insurers collected Rs 21.81 billion in premium from their businesses in the first seven months of the current fiscal year.

KATHMANDU, Jan 31: A total of 17 companies have applied at the Insurance Board to receive operating licenses of insurers.

KATHMANDU, Sept 16: Nepal’s insurance companies have long been accused of defrauding the people. Even after life and non-life insurance schemes mature, the companies refuse to make payments as per the agreements, and delay in the name of processing paper works. People rushed to insure when insurance companies advertised a scheme of 600 rupees, where you would get paid 100,000 rupees in case of coronavirus infection. According to Beema Samiti, around 1.3 million people rushed to insure in the immediate aftermath of the pandemic. Now the companies are changing their tune. Moreover, the regulatory agency that should have carried out the investigation and punished the companies is singing the same song.

KATHMANDU, Feb 23: Finance Minister Dr Yubaraj Khatiwada has said that the government will take stringent action against those insurance companies which are failing to pay compensation to customers on time.

KATHMANDU, March 18: The Beema Samiti has paved the legal way for insurance companies to make investment in real estate sector.