Insurance

"Siddhartha Premier Insurance Launches Auction of Promoter Shares: Open to General Public and Institutions" 1
IPO | FPO

“Siddhartha Premier Insurance Launches Auction of Promoter Shares: Open to General Public and Institutions”

The current promoters of Siddhartha Premier Insurance Limited (SPIL) have initiated the sale of 1,78,865 units of promoter shares through an auction. This auction is open to both interested promoter shareholders and the general public/institutions, spanning from the 4th Poush to the 13th Poush, 2080. In this auction, a total of 1,78,865 units of promoter […]

Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger 3
NEPSE NEWS

Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger

Following the successful merger between Prabhu Life Insurance Limited (PLI) and Mahalaxmi Life Insurance Company Limited, a total of 4,29,60,000 shares of the newly formed entity, Prabhu Mahalaxmi Life Insurance Limited (PMLI), have now been officially listed on the Nepal Stock Exchange (NEPSE). This significant development, sanctioned by regulatory authorities and in compliance with the

"Auction Alert: Shree Ganesh Properties Initiates Auction of Himalayan Life Insurance Promoter Shares" 5
Business | Market | Economy

“Auction Alert: Shree Ganesh Properties Initiates Auction of Himalayan Life Insurance Promoter Shares”

Shree Ganesh Properties & Investment Private Limited has initiated the auctioning of 1,24,833 promoter shares of Himalayan Life Insurance Limited (HLI), starting from the 1st to the 6th of Poush, 2080. During this auction, a total of 1,24,833 promoter shares of HLI are available for bidding, with a minimum bid quantity set at 10,000 units.

"Nepal Life Insurance Company Disburses Rs 69.62 Arba in Claims, Demonstrates Efficient Settlement Process" 7
Business | Market | Economy

“Nepal Life Insurance Company Disburses Rs 69.62 Arba in Claims, Demonstrates Efficient Settlement Process”

Nepal Life Insurance Company has resolved insurance claims totaling Rs 69.62 Arba as of the end of Ashoj, 2080. The disbursements primarily include death-related claims distributed among 13,512 policyholders and their nominees, encompassing both local and international beneficiaries, with a cumulative payout of Rs 5.68 Arba. The company, aiming for efficiency, has successfully settled 93%

Nepal Life Insurance Reports 10.25% Growth in Net Profit and Strong Financial Indicators in Q1 11
Business | Market | Economy

Nepal Life Insurance Reports 10.25% Growth in Net Profit and Strong Financial Indicators in Q1

Nepal Life Insurance has reported a notable expansion in its business volume and key financial metrics, as outlined in its recently published unaudited financial report for the first quarter of the current fiscal year. The company achieved a commendable 10.25% increase in net profit, affirming its positive financial trajectory. Maintaining a robust financial position, Nepal

Citizen Life Insurance Company's Q1 Net Profit Rises 1.60%, Maintains Strong Financial Position 13
Business | Market | Economy

Citizen Life Insurance Company’s Q1 Net Profit Rises 1.60%, Maintains Strong Financial Position

In its recent disclosure of first-quarter financial results for the fiscal year 2080/2081, Citizen Life Insurance Company Limited (CLI) has reported a modest performance, revealing a 1.60% increase in net profit compared to the corresponding quarter of the previous year. The company’s net profit rose from Rs. 7.03 crores to Rs. 7.14 crores in the

Sanima Reliance Life Insurance: 100% Delay Charges Waived for Policy Renewals Until Ashoj 26 19
Business | Market | Economy

Sanima Reliance Life Insurance: 100% Delay Charges Waived for Policy Renewals Until Ashoj 26

Sanima Reliance Life Insurance is putting its policyholders first with an exclusive policy renewal campaign from Ashoj 16 to 26, 2080. During this limited-time offer, policyholders who haven’t renewed their policies can seize the opportunity to do so with a remarkable 100% waiver on delay charges. This customer-centric initiative reflects the company’s commitment to providing

Insurance companies are also major players in stock market. 25
r/NepalStock

Insurance companies are also major players in stock market.

Many may know it, may may not. However, recently I came to know from a news that almost all insurance companies have sold their stocks. many have sold 90%+, some have 50. ([https://www.bikashnews.com/2022/03/17/319120.html](https://www.bikashnews.com/2022/03/17/319120.html)) this is old one. i lost the list of latest one. It seems insurance companies are major player of NEPSE, besides Mutual

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