Investigation Reopens into Everest Insurance Fraud Scheme
Unveiling the Everest insurance fraud case: a major scheme involving inflated claims and regulatory failures, prompting necessary actions from Nepal authorities.
Unveiling the Everest insurance fraud case: a major scheme involving inflated claims and regulatory failures, prompting necessary actions from Nepal authorities.
Nepal's non-life insurers saw a 39.63% rise in claim payments due to floods and landslides, causing a 13.18% drop in investments. Life insurance claims grew 20.63%, affecting overall insurance sector investments.
Insurance Company Limited (LIC) schedules AGM on Dec 23, 2025, to approve 5% bonus shares and 16.05% cash dividend, and key governance amendments.
Nepal's gold and silver prices show marked volatility, with gold reaching an all-time high and silver prices fluctuating significantly, influencing insurance sector risk considerations.
Life and non-life insurance companies in Nepal increased paid-up capital by Rs 11.56 billion over one year, with life insurers leading growth due to higher regulatory minimums. Non-life insurers experienced moderate growth, highlighting sector compliance and expansion trends.
Gold in Nepal reached a record high with recent price volatility impacting the precious metals market. Silver prices also shifted, signaling notable market changes relevant to financial and insurance sectors.
Life insurance companies in Nepal reported a 13.67% increase in claim payments totaling Rs 14.59 billion over four months, with 72,915 claims processed and Rs 5.04 billion pending payment, indicating industry growth and ongoing liabilities.
NRN offers 594,000 shares of Prabhu Mahalaxmi Life Insurance to existing promoter shareholders with a 35-day application period in Kathmandu, impacting Nepal's insurance sector.
Nepal Rastra Bank eliminates the 1% lower interest rate on fixed deposits for insurance companies, improving investment returns and financial stability for Nepal's insurers.
IME Life Insurance Company announces bonus rates for FY 2081, with rates approved by Nepal Insurance Board and applicable across multiple policy types and durations.