Nepal Life in its 21st year: Succeeded in gaining 33 percent market share

KATHMANDU: TUESDAY, MAY 4, 2021 – Nepal Life Insurance Company Limited has entered its 21st year after completing 20 years of establishment. Since its inception, the company has provided services to one-third of the total insured in Nepal.

The highest investment of the company is Rs 111.47 billion. The highest life insurance fund is Rs 101.28 billion and the highest shareholder fund is more than Rs 8.85 billion.

The highest paid up capital of the company is Rs. 7.19 billion and the highest market capitalization is over Rs. 1 billion. The company has the highest partial payment of Rs 11.98 billion. The highest full term payment is Rs 9.77 billion. The highest death toll is more than Rs 3.73 billion.

The company has more than 176,043 most trained agents. The company has been providing all life insurance related services to its customers through 200 branches and sub-branches spread across the country.

The company has so far insured 2,882,342 people including foreign employment.

The company was established on Baisakh 21, 2058. The company has stated that it has succeeded in becoming the most successful and best life insurance company in the country by reducing the financial burden of risk by providing insurance access to remote parts of the country.

Keeping in view the interest of the customers, the company has expressed its commitment to modify and refine the services and facilities as per the needs of the time.

On the occasion of the anniversary, Chief Executive Officer Santosh Prasai thanked all the regulatory bodies, board of directors, shareholders and others for their continuous faith in bringing us to this height and for always giving us proper guidance.