Company Overview
National Life Insurance Company Limited (formerly known as National life & General Insurance Co.Ltd.) was incorporated in 1988 A.D. under Nepal Company Act 1964 and the insurance Act 1968 of Nepal with prime objective to meet growing insurance requirements of the country.
For more than two decades, National Life has built reputation as a company that believes in highest level of customer’s service. The company’s well known name and good reputation are reinforced by our commitment to deliver value and service to all who do business with us.
Vision, Values, Ethics and Integrity
Supporting these efforts are the National Life’s core values of professionalism, transparency, trust worthiness and honesty. These values are central to the company’s efforts to achieve its vision - to build financial freedom for all – the company remains committed to the highest standards of ethics and integrity.
Capital/Shareholding Share Structure:
Presently the company has paid up capital of around Rs.1019 million.
National Life has a very sound shareholding structure as given below.
Shareholder's Category
Previous
Current
Nepalese Promoters
45%
52.85%
Foreign Collaborator
10%
2.15%
Financial Institution
Rastriya Banijya Bank
10%
10%
Public Shareholders
35%
35%
Total
100%
100%
It is a listed company with approximately 5,431 public shareholders and its shares of Rs. 100 each is being traded substantially above the face value.
Business Philosophy:
National Life is a leading life insurance company of Nepal, committed to offering financial solutions that provides all the security one needs for the family. Ensuring world class solutions by offering customized product with transparent benefits supported by the best technology is the company’s business philosophy.
Some Financial Highlights:
The Company’s Life Fund size is around Rs. 14 Billion. It has prime properties in various cities of the country and a modern multi storey commercial complex is planned for construction at its own land in Lazimpat, Kathmandu. It has substantial share investment in many financial institution, the value of which have increased many folds. Its annual premium collection stands at around Rs. 1.5 Billion and the company has provided insurance cover to more than 350,000 people.
Management:
National Life is managed and headed by Executives having long standing and experience, thus clients are assured of Class one professional services.
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