NLIC

Nepal Life, established under the Company Act 2053 and Insurance Act 2049 as a public limited company on 2058/01/21 (04/05/2001). Nepal Life is the foremost life insurance company established by private investors. The promoters of the company are a group of well known businessmen and business houses of Nepal. Within the twenty one years of operation the Company has set up an excellent business record and has a strong financial position. The company has an authorized capital of Rs.1,000 Crore and Paid-up Capital of Rs. 820.79 Crore. As on Jestha 2079, the company has issued 15,22,481 conventional policies having total premium income of Rs.17,707 Crore and 15,35,335 Foreign Expatriate policies having premium income of Rs.416.98 Crore. Out of the total premium collected, the company has invested Rs.13,882.46 Crore as per guidelines of Beema Samiti. The company has insured itself with well-known reinsurance companies "Hannover Re Life Reinsurance Company", Germany and "Nepal Reinsurance Company Ltd", Nepal.