Skip to content
|Loading...
Share Gyan home
EBook

Sanima Reliance Life Insurance Introduces Special Grace Period Revival Campaign

Sanima Reliance Life is offering a 100% late fee waiver from Jestha 11 to 31 to help customers revive lapsed policies.

Published By Share Gyan
Sanima Reliance Life Insurance Introduces Special Grace Period Revival Campaign

Sanima Reliance Life Insurance Limited has officially launched a policy revival campaign, offering a 100 percent waiver on late fees and penalty interest for lapsed life insurance policies. The initiative is designed to assist policyholders who missed their premium deadlines due to unforeseen circumstances, allowing them to reinstate their risk coverage without financial penalties. The special campaign is scheduled to run from May 24 to June 14, 2026 (Jestha 11 to Jestha 31, 2083 BS). According to the company, this full penalty waiver can be utilized only once per policy during the active campaign window. Policyholders can renew their lapsed accounts by visiting any of the company’s 168 branch offices nationwide or by utilizing integrated online payment channels. Sanima Reliance Life emphasized that this campaign aligns with its broader strategic focus on expanding digital services, accelerating claim settlements, and deepening consumer trust in the Nepali insurance sector.

SEBON Approves 50% Right Share Issuance of NIC Asia Bank Worth Rs 7.45 Billion

The Securities Board of Nepal (SEBON) has granted preliminary approval to NIC Asia Bank Limited to issue 50 percent right shares at a 1:0.50 ratio. The bank will issue 74,587,835 shares worth Rs 7.45 billion at a face value of Rs 100 per share.

NRB to Sell Gold Coins and Silver Medallions for Tihar from November 5

Nepal Rastra Bank (NRB) will sell 2.5-gram gold coins and 10-gram silver medallions featuring Goddess Laxmi and Lord Ganesh on November 5 and 6 (Kartik 19 and 20) from its Minting Division in Babarmahal, Kathmandu.

Himalayan Laghubitta Proposes 5% Dividend for FY 2082/83

Himalayan Laghubitta (HLBSL) has proposed a 5% dividend for shareholders, comprising 4.75% bonus shares and 0.25% cash dividend for the fiscal year 2082/83.

Rastriya Banijya Bank Reports 175.52% Growth in Q1 Net Profit

Rastriya Banijya Bank Limited has reported a remarkable 175.52% year-on-year growth in net profit, earning Rs. 1.64 billion in the first quarter of FY 2083/84, compared to Rs. 598.73 million in the corresponding period of the previous fiscal year. The significant growth was driven by a sharp increase in net interest income and a substantial decline in impairment charges.

Kumari Bank Reports Rs. 1.07 Arba Net Profit in Q1; Operating Profit Jumps 32.39%

Kumari Bank Limited (KBL) has reported a modest 1.70% year-on-year growth in net profit, earning Rs. 1.07 billion in the first quarter of FY 2083/84, compared to Rs. 1.06 billion in the corresponding period last fiscal year. Despite a decline in net interest income, the bank recorded strong growth in operating profit, supported by a significant reduction in impairment charges and operating expenses.

NMB Bank Reports 27.11% Growth in First-Quarter Net Profit

NMB Bank Limited has reported a 27.11% year-on-year increase in net profit, earning Rs. 1.16 billion in the first quarter of FY 2083/84, compared to Rs. 915.98 million in the corresponding period of the previous fiscal year. The growth was supported by higher operating income, increased net interest income, and a significant decline in impairment charges.

Companies in This News