NPR 417.00
-1.90 (-0.45%)Sun Nepal Life Insurance Company has proposed changing its shareholding structure to decrease promoter…Sun Nepal Life Insurance Company has proposed changing its shareholding structure to decrease promoter ownership from 70% to 51% and increase public ownership from 30% to 49%, pending regulatory and AGM approval, according to a board meeting held on Kartik 12, 2083.
Life insurance companies collected over Rs 41 billion in premiums in the first two months, with Nepal Life…Life insurance companies collected over Rs 41 billion in premiums in the first two months, with Nepal Life Insurance leading at Rs 10.58 billion, followed by National Life and Rastriya Beema Company.
Sun Nepal Life Insurance Company Limited is offering 52,827 units of promoter shares for sale to its existing…Sun Nepal Life Insurance Company Limited is offering 52,827 units of promoter shares for sale to its existing promoter shareholders within 35 days from the notice date.
Sun Nepal Life Insurance offers a 75 percent discount on late fees for reviving lapsed policies between Ashoj…Sun Nepal Life Insurance offers a 75 percent discount on late fees for reviving lapsed policies between Ashoj 8 and Ashoj 26, provided the lapse period is within two years and the discount is used only once during the policy term.
Sun Nepal Life Insurance entered its 9th year of operation, reporting a net profit of Rs 418.5 million and a…Sun Nepal Life Insurance entered its 9th year of operation, reporting a net profit of Rs 418.5 million and a life insurance fund of Rs 12.9 billion for the fiscal year 2082/83.
In the first month of fiscal year 2083/84, life insurance companies' total business grew by 32.55 percent to…In the first month of fiscal year 2083/84, life insurance companies' total business grew by 32.55 percent to reach NPR 217.1338 billion, with Nepal Life Insurance leading the market.
Sun Nepal Life Insurance organized an event to honor outstanding agents and Agency Development Managers from…Sun Nepal Life Insurance organized an event to honor outstanding agents and Agency Development Managers from Bagmati province for the fiscal year 2082/83.
Sun Nepal Life Insurance (SNLI) organized an agent appreciation event in Pokhara for its Gandaki and Narayani…Sun Nepal Life Insurance (SNLI) organized an agent appreciation event in Pokhara for its Gandaki and Narayani regional agents and ADMs.
Nepal's micro-life insurance sector has reached over 8.2 million active policies, with traditional and…Nepal's micro-life insurance sector has reached over 8.2 million active policies, with traditional and micro-insurers expanding coverage across rural households.
Sun Nepal Life Insurance announced that its CEO has returned to his duties after the prosecution office…Sun Nepal Life Insurance announced that its CEO has returned to his duties after the prosecution office declined to extend his custody following an investigation.
Following the implementation of the risk-based solvency guidelines by the Nepal Insurance Authority, life…Following the implementation of the risk-based solvency guidelines by the Nepal Insurance Authority, life insurance companies' solvency ratios have adjusted, with companies maintaining solid safety margins above the 1.30 minimum limit threshold.
Life insurance financial reports for FY 2082/83 show Nepal Life Insurance leading the market with Rs 53.68…Life insurance financial reports for FY 2082/83 show Nepal Life Insurance leading the market with Rs 53.68 billion in total premiums, capturing a 26.84% market share out of a total market size of Rs 204.59 billion.
Life insurance companies saw a 12.43 percent increase in total insurance premium collections, reaching over Rs…Life insurance companies saw a 12.43 percent increase in total insurance premium collections, reaching over Rs 200 billion in the last fiscal year.
In the third quarter of fiscal year 2082/83, employee expenses for 14 life insurance companies increased by…In the third quarter of fiscal year 2082/83, employee expenses for 14 life insurance companies increased by 11.48 percent to reach Rs 5.17 billion, with Himalayan Life Insurance spending the highest amount.
Nepal Insurance Authority data for Jestha of fiscal year 2082/83 shows growth in active life insurance…Nepal Insurance Authority data for Jestha of fiscal year 2082/83 shows growth in active life insurance policies despite declines in first-year, renewal, and total premium collections across the industry.
Life, non-life, and reinsurance companies have invested a total of Rs 56.48 billion in listed ordinary shares…Life, non-life, and reinsurance companies have invested a total of Rs 56.48 billion in listed ordinary shares up to the third quarter of the fiscal year 2082/83, with life insurers accounting for over 81% of the total.
Sun Nepal Life Insurance Company successfully concluded its ADM 360° Growth Summit 1.0 to enhance agency…Sun Nepal Life Insurance Company successfully concluded its ADM 360° Growth Summit 1.0 to enhance agency leadership and business expansion.
Reliable Nepal Life Insurance led life insurers in Q3 with a net profit of Rs 470.4 million and an EPS of Rs…Reliable Nepal Life Insurance led life insurers in Q3 with a net profit of Rs 470.4 million and an EPS of Rs 12.07, while several major companies faced significant profit declines.
In the first nine months of the fiscal year, 14 life insurance companies earned a total net profit of Rs 4.59…In the first nine months of the fiscal year, 14 life insurance companies earned a total net profit of Rs 4.59 billion, a 5.55 percent decrease compared to the same period last year.
Sun Nepal Life Insurance reported a net profit of Rs 340 million for the third quarter of the fiscal year…Sun Nepal Life Insurance reported a net profit of Rs 340 million for the third quarter of the fiscal year, representing a 3.35% increase.