Insurance Authority Crixal Tournament Marks Historic 58th Anniversary Celebration in Biratnagar

10th May 2026, Kathmandu

The Nepal Insurance Authority recently marked a significant milestone by celebrating its 58th anniversary in a unique and engaging way.

Insurance Authority Crixal Tournament

To commemorate nearly six decades of regulatory excellence and industry growth, the Koshi Province Office of the authority organized a high energy Insurance Authority Crixal Tournament. This sporting event brought together a diverse group of professionals including insurance company representatives and surveyors from across the region. Held at the Birat Sports Zone in Biratnagar, the tournament served as a vibrant platform for networking and professional camaraderie while highlighting the physical and mental benefits of sports within the corporate sector.

Eight Diverse Teams Compete for the Championship

The atmosphere at the Birat Sports Zone was electric as eight distinct teams gathered to compete for the championship title. The tournament was meticulously planned to ensure representation from every corner of the insurance landscape in Nepal. The participating teams included two groups representing life insurance companies and two groups from the non life insurance sector. Additionally, the event featured teams from micro life insurance and micro non life insurance companies, ensuring that the emerging sectors of the industry were well represented. One of the most interesting additions was a joint team consisting of provincial heads and insurance surveyors, which emphasized the importance of collaboration between leadership and technical experts. Finally, the Koshi Province Office of the Nepal Insurance Authority fielded its own team to participate in the festivities.

Strengthening Coordination and Professional Relationships

The primary objective of the Insurance Authority Crixal Tournament was more than just winning a trophy. According to official statements from the organizers, the event aimed to strengthen coordination and build professional relationships among various stakeholders. In an industry as complex as insurance, where coordination between surveyors, provincial heads, and company employees is vital, events like these break down formal barriers and foster a sense of unity. By moving the interaction from the boardroom to the cricket pitch, the participants were able to engage in healthy competition and develop a deeper understanding of their peers.

Non Life Insurance Team Secures Final Victory

As the tournament progressed through its various stages, the intensity of the matches increased. The final showdown featured a gripping battle between Life Insurance Team B and Non Life Insurance Team B. Both teams displayed exceptional skill and strategy, but ultimately the Non Life Insurance Team emerged as the tournament champion. Their impressive performance on the field reflected hours of practice and a strong sense of teamwork. The victory was celebrated by supporters and colleagues, marking a high point in the 58th anniversary celebrations and proving the athletic prowess found within the sector.

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Outstanding Individual Performances Highlight the Match

Individual brilliance was also a major highlight of the day. Saroj Basnet was officially declared the Player of the Tournament for his phenomenal all round performance. Basnet demonstrated why he is considered a top tier athlete within the industry by scoring a total of 102 runs throughout the competition. Not only was he the highest run scorer, but he also contributed significantly to his team’s defense by taking three wickets. His ability to dominate with both the bat and the ball made him a clear choice for the top individual honor.

In the bowling department, Sanjay Kumar Mandal stood out as the most impactful player. Mandal delivered a masterclass in bowling by taking a total of 8 wickets, the highest number recorded in the entire tournament. His precision and ability to take crucial wickets at pivotal moments played a massive role in the outcome of several matches. The recognition of such individual talent underscores the competitive spirit that the Nepal Insurance Authority hoped to inspire through this event.

Celebrating Success with Trophies and Awards

The concluding ceremony was a moment of pride for all participants. Winners and top performers were honored with trophies, medals, and certificates to acknowledge their hard work and dedication. The event saw a massive turnout, with provincial heads, employees, and industry representatives from across Koshi Province coming together to support their respective teams. The success of this tournament has set a positive precedent for future anniversary celebrations, proving that sports can be an effective tool for corporate engagement and industry cohesion.

A New Era of Collaboration in the Insurance Sector

By organizing the Insurance Authority Crixal Tournament, the Nepal Insurance Authority has demonstrated its commitment to fostering a healthy and interactive professional environment. As the insurance sector in Nepal continues to evolve and grow, the need for such collaborative platforms becomes increasingly important. This event not only celebrated 58 years of the authority’s existence but also paved the way for stronger ties and improved coordination within the insurance community for years to come. Such initiatives ensure that the professionals driving the industry remain connected, motivated, and ready to face the challenges of the modern financial landscape. The blending of professional networking with physical activity ensures a holistic approach to employee wellness and industry wide partnership.

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