Nepal Life Insurance Company marks the 21st Anniversary

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Nepal Life Insurance Company Limited has entered its 21st year after completing 20 years of its establishment.

Established on the 4th of May 2001, it has been continuously providing excellent service to the insured and the service recipients, according to the press statement issued by the company.

By extending the reach of insurance to remote parts of the country, reducing the financial burden on people’s lives, putting a smile on the face of the common man and putting ointment on the pain, we have become the most successful and best life insurance company in the country today, the company said.

“We express our deep respect to all the health workers, security personnel, media personnel, drivers, food and other essentials who have been in the forefront of the country in the face of this dire situation,” the company said in a statement.

On the occasion of the 21st anniversary, Chief Executive Officer Santosh Prasai expressed his heartfelt gratitude to all the esteemed 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. On this occasion, he also thanked our esteemed insurers who continue to trust and rely on the company, all the agents who work day and night to extend the service of Nepal Life and all the employees who have worked hard and diligently for the greater good of the company. He urged all to adopt restraint and adopt the necessary lifestyle by adopting health standards keeping in view the safety and health of themselves, their families, society and the people at a time when the whole world is being affected by the Corona virus epidemic.

According to the company, the highest investment in the company is Rs. 111.47 billion while the highest life insurance fund was Rs. 101.28 billion and the highest shareholder fund was Rs. 8 billion 850 million. The highest paid up capital of the company is Rs. 7.19 billion and the highest market capitalization is over Rs. 1 billion. This company pays the highest partial term payment of Rs. 11.98 billion, the highest full term payment of Rs. 9.77 billion and the highest death claim of more than Rs. 3.73 billion has already been paid.