बीमा

The Nepal Insurance Authority’s head office conducted a massive round of agent examinations today, January 29, for both general and micro-life insurance sectors. This is part of a broader strategy to professionalize the market, which currently has over 400,000 active agents but faces challenges regarding ethical selling and policy persistence.

Health Minister Dr. Sudha Gautam, during a provincial inspection in Baglung, emphasized that Nepal’s health insurance scheme must be “organized” to ensure accessibility for all citizens. She urged the local, provincial, and federal governments to jointly invest in the scheme to prevent the current medicine shortage and human resource gaps in government hospitals.

Plans for several major insurers—including Nepal Life, Sanima Reliance, and Nepal Reinsurance—to open branches in Malaysia, Qatar, and the UAE have stalled. Despite receiving prior approval from the NIA over a year ago, companies are struggling to secure necessary licenses from foreign regulatory authorities in those labor-destination countries.

Financial data released this week shows that Nepal’s non-life insurance companies collected over Rs 24 billion in premiums during the first half of the current fiscal year. Shikhar Insurance leads the market with Rs 2.77 billion in business, followed closely by Sagarmatha Lumbini Insurance (SALICO) with Rs 2.61 billion, reflecting steady growth in the general […]

The Government of Nepal has appointed Chandrakala Paudel to lead the Nepal Insurance Authority (NIA). This appointment comes at a critical juncture as the regulator oversees the transition to a “Risk-Based Capital” regime, replacing the previous chairman Janak Raj Sharma following a period of judicial and administrative flux.