List of Insurance companies in Nepal

List of Insurance Companies in Nepal

There are 40 insurance companies in Nepal. The insurance companies in Nepal are divided into three types:

A. Life Insurance  

B. Non-Life/General Insurance 

C. Reinsurance

 19 life insurance, 20 non-life or general insurance and 1 reinsurance companies are operating in Nepal. 

List of Life Insurance Companies In Nepal

There are currently 19 life insurance companies in Nepal. The list of the life insurance companies is shown below:

List of General (Non-Life) Insurance Companies In Nepal

Non-life insurance is an agreement made to avoid the risk of loss of property and liability. It is generally used to insure movable and immovable property such as houses, factories, vehicles, etc.
Non-life insurance covers accidents, medical expenses, third party liability, production liability, risks involved in foreign travel. It is used to obtain compensation for damage caused by various natural calamities including accidents, fires, thefts and to get compensation or relief from possible losses due to risk. At current, there are 20 general or non-life insurance companies in Nepal. 
Below are the list of 20 general or non-life insurance companies of Nepal:

List of Re-Insurance Companies In Nepal

Insurance companies cannot bear the entire risk of the insurance they cover, they transfer the risk from one company to another to reduce the risk, which is called reinsurance. So far, there is only two reinsurance company in Nepal. 

Nepal Reinsurance Company

Nepal Re-Insurance Company Limited (Nepal Re), the successor of Insurance Pool that was set up in 2003 with the aim to cover damages caused by the terrorism, was incorporated on 7 November 2014, under the Companies Act, 2006 of Nepal in accordance to the decision of Council of Ministers (Nepal) dated 7th August, 2014 to convert the Insurance Pool, Nepal into Reinsurance Company.

Nepal Re was formally inaugurated on 22nd December 2014 by the Hon’ble Finance Minister Dr. Ram Sharan Mahat. It is established in the PPP Model with equity participation of Government of Nepal, Insurance companies (both life and Non-life) as well as the public limited companies operating in Nepal. Altogether, there are thirty two stakeholders of Nepal Re viz. Government of Nepal, Seventeen non-life insurance companies and Eight Life insurance companies operating in Nepal and six Public companies. Nepal Re is the first reinsurance company in Nepal with the paid-up capital of 5 billion Nepalese Rupees (approx. USD 50 million). Nepal Re writes all forms of reinsurance business in both life and non-life sector.

Nepal Re has been established with an objective to enterprise Reinsurance Business in Nepal and contributes towards the economic growth of the country. It also contributes in the national as well as international risk management.

Capital Structure:

Authorized Capital of the Company is Nrs. 15 Billion.
Paid Up Capital of the Company is Nrs. 10 Billion.
Issued Capital of the Company is Nrs. 10 Billion.

Himalayan RE

Himalayan Re is the first private sector reinsurance company established in the Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas.

Capital Structure

Authorized Capital NPR 21 Billions (USD 175 Millions approx)

Issued Capital NPR 10 Billions (USD 85 Millions approx)

Paid up Capital NPR 7 Billions (USD 60 Millions approx)

Ownership

• Promoters’ share of the Paid-up Capital is 70% – that is, NPR 7 Billions (USD 60 Millions approx)
• NPR 3 Billions (USD 25 Millions approx) shall be Public Share through an IPO to be issued within next 2 years as per the existing rules and regulations in Nepal

Read Related Contents:

1. List of Commercial Banks in Nepal
2. List of Development Banks in Nepal
3. List of Finance Companies in Nepal
4. List of Micro Finance Companies in Nepal
5. Minimum Capital Requirements of BFIs

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National and International Days

Here is the list of National and International Days in english month i.e From January to December

Months	Days	Particular
January	01	Dhaka Topi Diwas World Family Day World Peace Day
	04
	26	Bhansar Diwas
	27	International Outer Space Day
	28	International Reducing CO2 Emission Day
	30	International Day of Non-violence and Peace
February	02
	04	World Cancer Day
	06	International Day of Zero Tolerance to Female Genital Mutilation
	11
	13
	14
	20
	21
	22
	27
March	01	शुन्य विभेद दिवस
	03	विश्व वन्यजन्तु दिवस
	08	International Women Day
	09
	14
	15	World Consumer Rights Day
	20	International Day of Happiness
	21
	22	World Water Day
	23
	24	World Tuberculosis Day
	27	World Theatre Day
	31	International Transgender Day of Visibility
April	01	April Fools Day
	02	World Autism Awareness Day
	06
	07
	12
	14
	16
	18	World Heritage Day
	21
	22	International Mother Earth Day
	23
	25
	26
	27
	28
	29
May	01	International Workers'/Labours' Day
	02	National ICT Day
	03	World Press Freedom Day
	06	International No Diet Day
	08	World Red Cross
	09	European Union Day
	12	International Nurse Day
	17
	18
	21
	22	International Day For Biological Diversity
	23
	25
	29	Everest Day
	31	World No Tobacco Day
June	01	World Milk Day Global Day of Parents
	03	World Bicycle Day
	04	International Day of Innocent Children Victims of Aggression
	05	World Environment Day
	12	World Day Against Children's Labour
	14	World Blood Donor Day
	15	Global Wind Day
	17	World Day to Combat Desertification and Drought
	19	World Sickle Cell Day
	20	World Refugee Day
	21	International Yoga Day
	23	International Widows Day United Nations Public Service Day
	26	International Day against Drug Abuse and Illicit Trafficking International Day in Support of Victims of Torture World Refrigeration Day
July	01
	02
	07
	11	World Population Day
	15	World Hepatities Day
	17	World Emoji Day
	28
	29	International Tiger Day
	30
August	03
	05
	12	International Youth Day
	13
	19	World Photography Day
	29
	30
September	08	International Literacy Day
	10
	15
	16	Ozone Day
	21	International Day of Peace
	22
	26
	27	World Tourism Day
	28
	29	World Heart Day
	30
October	01	International Day of Older Persons
	02
	04
	05	World Teacher Day
	09	World Post Day
	10	World Homeless Day World Mental Health Day World Porridge Day
	11	NRN Day Egg Day
	13
	15	Global Handwashing Day World Student Day
	16	World Food Day
	17	World Poverty Allevation Day
	20
	24
	31
November	09
	10
	12	World Nimonia Day
	13
	14	World Diabetes Day
	15
	16
	17
	19
	20
	21	World Television Day
	25
December	01	World AIDs Day
	02
	03	International Day for Person with Disabilities
	05
	07
	09
	10	World Human Rights Day
	11
	12
	18
	20	Human Solidarity Day
	22	Shortest Day

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AIDE TUTORIAL - 60.1 Battery Indicator with Progress Bar

Main.xml

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<TextView android:id="@+id/mainTextView"android:textSize="40dp"android:layout_width="wrap_content"android:layout_height="wrap_content"/>

<ProgressBar android:max="100"android:id="@+id/mainProgressBar"style="?android:attr/progressBarStyleHorizontal"android:layout_height="wrap_content"android:layout_width="wrap_content"android:minHeight="50dp"android:minWidth="150dp"/>

</LinearLayout>

MainActivity.java

package com.kcgroup.bipb; import android.app.*; import android.os.*; import android.content.*; import android.widget.*; public class MainActivity extends Activity { @Override protected void onCreate(Bundle savedInstanceState) { super.onCreate(savedInstanceState); setContentView(R.layout.main); registerReceiver(bp, new IntentFilter(Intent.ACTION_BATTERY_CHANGED)); } private BroadcastReceiver bp=new BroadcastReceiver(){ @Override public void onReceive(Context p1, Intent p2) { int level=p2.getIntExtra("level",0); TextView tv=(TextView)findViewById(R.id.mainTextView); ProgressBar pb=(ProgressBar)findViewById(R.id.mainProgressBar); tv.setText("Battery Level:"+Integer.toString(level)+"%"); pb.setProgress(level); // TODO: Implement this method } }; }

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Bank Of The Year Nepal

Here is the list of name of the Bank of the year in different years
The first bank of the year of Nepal is Standard Chartered Bank Nepal

list of name of the Bank of the year in different years in Nepal

Year	Logo	Bank Name

Also Read

• List of Commercial Banks in Nepal
• List of Development Banks in Nepal
• List of Finance Companies in Nepal
• List of Micro Finance Companies in Nepal
• Minimum Capital Requirements of BFIs

Read More

How to disable copy paste in Blog?

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How to disable copy paste in Blog?

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Job application

                                                     Date
To,
The personnel manager
Co. name
Address
Sub: An application for the post of an accountant
Dear Sir/Madam,
               With the reference to your advertisement for the post of an accountant published in “Newspaper Name” dated (date). I wish to apply with my best ability.
              For my academic qualification, I have completed “+2” with “first division” in “2010” from “College name”. For work experience, I have been working as a part time job being junior accountant in “Organization name” and have also completed basic computer course and accounting software course. For other details I have enclosed my personal bio data and other testimonials with this application.
              Looking forward to your positive response
Yours Faithfully
Shyam kumar kc

Enclosed documents:
Testimonials- 2 copies
Bio data – copy
PP size photo

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Banking & Finance Abbreviations

Banking & Finance Abbreviations

1. Abbreviation	Full Forms
   ABBS	Any Branch Banking System
   ADB	Asian Development Bank
   AGM	Annual General Meeting
   ALM	Asset Liability Management
   AML	Anti-Money Laudering
   APG	Asia Pacific Group
   ASBA	Applications Supported by Blocked Amount
   ATM	Automated Teller Machine
   BAFIA	Banks and Financial Institution Act
   BCBS	Bassel Committe On Banking Supervision
   BLB	Branchless Banking
   BFIs	Banks and Financial Institutions
   BO	Beneficial Owner
   BOD	Board of Directors
   BOP	Balance of Payments
   CTS	Computer Trading System
   CAR	Capital Adequacy Ratio
   C-ASBA	Centralised Application Supported by Blocked Amount
   CB	Corporate Bond
   CCB
   CCD	Credit to Core capital cum Deposit
   CCL	Cash Credit Limit
   CCO	Chief Compliance Officer
   CD	Certificate of Deposit
   CDS	Central Depository System
   CEO	Chief Executive Officer
   CFT	Combating the Financing of Terrorism
   CIB	Credit Information Bureau
   CO	Complaince Officer
   COO	Cheif Operating Officer
   CRR	Cash Reserve Ratio
   CSD	Customer Service Department
   CSR	Corporate Social Responsibility
   CPI	Consumer's Price Index
   CDD	Customer Due Diligence
   CIT	Citizen Investment Trust
   CSI	Cottage and Small scale Industry
   DMLI	Department of Money Laundering and Investigation
   ECB	External Commercial Borrowing
   ECDD	Enhanced Customer Due Diligence
   EMI	Equated Monthly Installments
   EPF	Employee's Provident Fund
   EPS	Earning Per Share

2. Abbreviation	Full Forms
   FATF	Financial Action Task Force
   FDI	Foreign Direct Investment
   FT	Fund Transfer
   FNCCI	Federation of Nepalese Chambers of Commerce and Industry
   FPO	Further Public Offering
   FT	Fund Transfer
   GDP	Gross Domestic Product
   GDS	Gross Domestic Savings
   GoN	Government of Nepal
   IBAN	International Bank Account Number
   IBRD	International Bank for Reconstruction and Development
   ICAAP	Internal Capital Adequacy Assessment Process
   IRC	Interest Rate Corridor
   IMF	International Monetary Fund
   IPO	Intial Public Offering
   IRC	Interest Rate Corridor

3. Abbreviation	Full Forms
   KYC	Know Your Customer
   KYE	Know Your Employee
   LBO	Limited Branch Outlet
   LCR	Liquidity Coverage Ratio
   LC	Letter of Credit
   LRP	Liquidity Risk Premium
   LTD	Long Term Debt
   LTP	Last Trading Price
   LMFF	Liquidity Monitoring and Forecasting Framework
   LTV	Loan-to-Value
   MFIs	Microfinance Institutions
   ML	Money Laundering
   M1	Narrow Money Supply
   M2	Broad Money Supply
   MOU	Memorandum of Understanding
   MPIN	Mobile Personal Identification Number
   NAV	Net Assets Value
   NCHL	Nepal Clearing House Limited
   NEPSE	Nepal Stock Exchange
   NFRS	Nepal Financial Reporting Standard
   NOTS	NEPSE Online Trading System
   NOW	Negotiable Order of Withdrawal
   NPA	Non-Performing Assets
   NPV	Net Present Value
   NPL	Non Performing Loan
   NRB	Nepal Rastra Bank
   OTP	One Time Password
   OLF	Overnight lending facility
   OBS	Off Balance Sheet
   OI	Operation In-charge
   OMO	Open Market Operation

4. Abbreviation	Full Forms
   PAN	Permanent Account Number
   PEP	Politically Exposed Person
   PIN	Personal Identification Number
   POS	Point of Sales
   PG	Personal Guarantee
   PSP	Payment System Provider
   ROA	Return on Assests
   ROE	Return on Equity
   RTGS	Real Time Gross Settlement
   RWA	risk weighted asset
   SEBON	Securities Board of Nepal
   SIS	Supervisory Information System
   SLC	Standby Letter of Credit
   SLF	Standing Liquidity Facility
   SLR	Statutory Liquidity Ratio
   SOL	Single Obligor Limit
   STR	Suspicious Transaction Report
   SWIFT	Society for Worldwide Inter-bank Financial Telecommunication
   y-o-y	year on year
   SSU	Surplus Spending Unit
   DSU	Deficit Spending Unit
   T-bill	Treasury Bills
   TBML	Trade Based Money Laundering
   TT	Telegraphic Transfer
   TTR	Threshold Transaction Report

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