Insurance Khabar

21 killed, 5 still missing in three days of rains, major damage to bridges and hydropower

Kathmandu. As many as 21 people have lost their lives due to floods, landslides and lightning caused by incessant rains across the country for the past three days. Five...

AM West downgrades Himalayan Re rating due to audit delays and poor governance.

KATHMANDU: International rating agency AM West has downgraded the financial capacity and credit rating of Himalayan Reinsurance Company Limited. The agency has downgraded Himalayan Rico Financial Strength Rating from...

Bancassurance in Indian market, but regulator does not ban it like in Nepal

Kathmandu. In India, the insurance regulator is preparing to impose policy curbs after the distortion of banks and financial institutions forcibly selling life insurance policies to borrowers on the...

Mydia’s Dashain Special Plan, Rs. Cashback up to Rs. 37,700 and attractive gifts

Kathmandu. Targeting the great festival of Nepalese Dashain, the world-famous home appliances brand Midea, has announced a special celebration plan. ‘This Dashain, Bring Home the Celebration. Under this scheme...

Machhapuchchhre Bank to invest Rs 9 billion for Chhujung Khola Hydropower Project

Kathmandu. The 63 MW Chujung Khola Half Reservoir (PROD) Hydropower Project under construction in Bhotkhola Rural Municipality-2 of Sankhuwasabha district has received investment. Half a dozen banks and financial...

The global data center insurance market is expected to double in size by 2030.

Kathmandu. The rapid expansion of artificial intelligence (AI) data centers is bringing a new wave of demand for commercial insurance. However, it is also focusing on risk in ways...

India: Insurance company’s share price falls sharply after agent proposes to cut commission

KATHMANDU: The Insurance Development and Regulatory Authority of India (IRDAI), the regulator of the Indian insurance market, has proposed a cap of 20 per cent commission for agents and...

Women employees of Kamana Sewa Bikas Bank donate sanitation materials to flood victims

Kathmandu. The women employees of Kamana Sewa Bikas Bank Limited have donated hygiene and personal hygiene related materials to the affected people in various holding centers in Kathmandu affected...

The world is burdened with debt, this is the biggest concern

Kathmandu. The world is burdened with debt and the global debt has now reached $ 365 trillion. Citing the latest data from the Institute of International Finance (IIF), the...

Low interest rates hit savers as inflation soars

Kathmandu. As of mid-July 2008, the annual consumer price inflation (inflation) in Nepal has increased to 5.96 percent. This means that the prices of daily consumables and services, including...

The United States is using these tactics to increase pressure on Iran.

Kathmandu. US Treasury Secretary Scott Besant has said that Washington is working with many countries to increase economic pressure on Iran. He said that delegations have been sent to...

How will the death claim be paid if the body of the missing insured is not found or not identified?

इन्स्योरेन्स खबर

5 दिन ग

Kathmandu. There is still confusion among the general public about how to claim life insurance if a person goes missing due to landslide, flood, inundation, road accident, plane accident...

What are the documents required for making an insurance claim?

These precautions and measures need to be taken to avoid falling victim to insurance fraud

Small claims will be paid within one-and-a-half months: Birendra Baidwar

इन्स्योरेन्स खबर

10 महिना ग

Kathmandu. The Chief Executive Officer (CEO) of Siddhartha Premier Insurance is Birendra Bahadur Baidwar Chhetri{}. He is also the president of Nepal Insurance Association. Baidarwar has been active in...