Clarifying Misconceptions: Insurance is Risk Management, Not Savings

Kathmandu - The history of insurance in Nepal dates back to 2004 B.S. with the establishment of Nepal Goods Chalani and Insurance Company, now operating as Nepal Insurance under the initiative of Nepal Bank Limited. Initially focused on non-life insurance, the life insurance business began in 2029 B.S. Currently, Nepal hosts 38 insurance companies, including…