Asian Life Insurance 1.4.4

Asian Life Insurance Company, established under the Insurance Act 2049, received its operating license from Beema Samiti on February 27, 2008, and commenced operations on April 3, 2008. It holds the distinction of being the first life insurance company in Nepal to obtain such a license.

The company's authorized capital stands at Rs. 1,000 million, with Rs. 671.32 million currently paid up—70% contributed by promoters and the remaining 30% by the general public. The ownership structure includes 77 promoters, comprising two institutional and 75 individual investors. Notably, the institutional promoters consist of reputable finance and development banks within Nepal, including:

• Mahalaxmi Development Bank Limited, Kathmandu
• Guheshwori Merchant Banking & Finance Ltd., Lalitpur

The board of directors and individual investors include respected leaders from various sectors such as banking, insurance, financial institutions, and private enterprises, as well as individuals with significant experience in government services.

Asian Life Insurance Company is committed to upholding the highest standards of professional integrity, regulatory compliance, and corporate governance. Since its inception, it has prioritized policyholder satisfaction and has invested in modern technology to ensure efficient operations while catering to diverse client needs.

The company boasts a robust and diversified sales network offering a wide array of products, including micro life products, money-back policies, endowment plans, whole life insurance, and joint life policies. In addition, it employs traditional face-to-face sales channels for its standard offerings. The company aims to establish itself as the most trusted life insurance provider in the Nepalese market.

Asian Life takes pride in its corporate office located in Maitidevi, Kathmandu, and also owns land in Naxal, Kathmandu for a proposed new corporate building.

Furthermore, Asian Life has secured reinsurance support from Scor Global Life based in Paris, France—a reinsurer recognized for its financial stability and rated 'AA-' by Standard & Poor's as of 2015. This endorsement reflects a stable outlook for the company’s financial strength.

For inquiries:

• Phone: +977-1-4410115
• Phone: +977-1-4442138
• Post Box No: 25943
• Email: [email protected]
• Email: [email protected]