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NepalLife, established under the Company Act 2053 and Insurance Act 2049 as a public limited company on 2058/01/21 (04/05/2001). NepalLife 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 sixteen 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 rupess. 500 Crore and Paid-up Capital of Rs. 173.40 Crore. As on Baisakh 2072 the company has insured 7,22,543 under conventional policies worth Rs. 14,151 Crore and 12,12,180 Foreign Expatriate policies worth Rs. 60,651 Crore. Out of the total premium collected the company has invested Rs. 3,065 Crore as per guidelines of Bima Samiti. The company has insured itself with well-know reinsurance company Hannover Re Life Reinsurance Company. Germany.
VISION AND MISSION
To endeavor through the noble institution of Life Insurance in making every family economically safe and secure whereby every citizen of Nepal may contribute his might in building a healthy, prosperous, strong & Vibrant Nation.
To cater to financial and Social needs of every segment of society by designing differentiated and innovative insurance instruments. To provide after sales service to customers that can be hailed as the best.
HOW NEPALLIFE IS DIFFERENT FROM OTHERS?
Being in the business of selling life insurance products it is performing the same job as the other insurers dealing with "Life Insurance". However, Nepal Life Insurance Company has its own identity because of the mission and manner for which it is working. The company is working with a time bound strategy to fulfill it's vision of spreading message of insurance to every home and to contribute substantially in making Nepal an economically healthy and vibrant nation. Apart from spreading the network of branches all over Nepal the company plans to make a quantum jump in number of agents and to provide them adequate training for providing knowledge and skill, so that the company can reach and depth in the market.
The company is focusing on providing qualitative services of International Standard. Our ambition is to provide across the counter services in all its operations.
This ambition cannot be fulfilled without the help of information technology. The company has strong IT infrastructure. All Branches of NepalLife has been connected through wide area networking to provide better customers service.NepalLife, being in the business of selling life insurance products it is performing the same job as the other insurers dealing with "Life Insurance". However, Nepal Life Insurance Company has its own identity because of the mission and manner for which it is working. The company is working with a time bound strategy to fulfill it's vision of spreading message of insurance to every home and to contribute substantially in making Nepal an economically healthy and vibrant nation. Apart from spreading the network of branches all over Nepal the company plans to make a quantum jump in number of agents and to provide them adequate training for providing knowledge and skill, so that the company can reach and depth in the market.
The company is focusing on providing qualitative services of International Standard. Our ambition is to provide across the counter services in all its operations.
JEEVAN SAHARA
The plan is specially designed Endowment product to cover the wide range of risk for our social communities of Nepal:
The insured amount (sum assured) together with bonus is payable on maturity date and full insured amount (sum assured) again payable on death of life assured after maturity.
In case of death before maturity date under inforce policy, the insured amount (sum assured) and whatever bonus declared is payable.
insured amount (sum assured) is payable in case of death of the policy holder after maturity of policy term.
Minimum insured amount (sum assured) is Rs. 100,000 and no limit for maximum insured amount (sum assured) depending upon the income source of the proposer.
Minimum entry age is 16 yrs and maximum entry age is 65 yrs.
Minimum term is 5 yrs and maximum term is 54 yrs or maximum age of 70 yrs which ever is earlier.
The mode of payment is either yearly, half yearly or quarterly.
The company has an authorized capital of rupess. 500 Crore and Paid-up Capital of Rs. 173.40 Crore. As on Baisakh 2072 the company has insured 7,22,543 under conventional policies worth Rs. 14,151 Crore and 12,12,180 Foreign Expatriate policies worth Rs. 60,651 Crore. Out of the total premium collected the company has invested Rs. 3,065 Crore as per guidelines of Bima Samiti. The company has insured itself with well-know reinsurance company Hannover Re Life Reinsurance Company. Germany.
VISION AND MISSION
To endeavor through the noble institution of Life Insurance in making every family economically safe and secure whereby every citizen of Nepal may contribute his might in building a healthy, prosperous, strong & Vibrant Nation.
To cater to financial and Social needs of every segment of society by designing differentiated and innovative insurance instruments. To provide after sales service to customers that can be hailed as the best.
HOW NEPALLIFE IS DIFFERENT FROM OTHERS?
Being in the business of selling life insurance products it is performing the same job as the other insurers dealing with "Life Insurance". However, Nepal Life Insurance Company has its own identity because of the mission and manner for which it is working. The company is working with a time bound strategy to fulfill it's vision of spreading message of insurance to every home and to contribute substantially in making Nepal an economically healthy and vibrant nation. Apart from spreading the network of branches all over Nepal the company plans to make a quantum jump in number of agents and to provide them adequate training for providing knowledge and skill, so that the company can reach and depth in the market.
The company is focusing on providing qualitative services of International Standard. Our ambition is to provide across the counter services in all its operations.
This ambition cannot be fulfilled without the help of information technology. The company has strong IT infrastructure. All Branches of NepalLife has been connected through wide area networking to provide better customers service.NepalLife, being in the business of selling life insurance products it is performing the same job as the other insurers dealing with "Life Insurance". However, Nepal Life Insurance Company has its own identity because of the mission and manner for which it is working. The company is working with a time bound strategy to fulfill it's vision of spreading message of insurance to every home and to contribute substantially in making Nepal an economically healthy and vibrant nation. Apart from spreading the network of branches all over Nepal the company plans to make a quantum jump in number of agents and to provide them adequate training for providing knowledge and skill, so that the company can reach and depth in the market.
The company is focusing on providing qualitative services of International Standard. Our ambition is to provide across the counter services in all its operations.
JEEVAN SAHARA
The plan is specially designed Endowment product to cover the wide range of risk for our social communities of Nepal:
The insured amount (sum assured) together with bonus is payable on maturity date and full insured amount (sum assured) again payable on death of life assured after maturity.
In case of death before maturity date under inforce policy, the insured amount (sum assured) and whatever bonus declared is payable.
insured amount (sum assured) is payable in case of death of the policy holder after maturity of policy term.
Minimum insured amount (sum assured) is Rs. 100,000 and no limit for maximum insured amount (sum assured) depending upon the income source of the proposer.
Minimum entry age is 16 yrs and maximum entry age is 65 yrs.
Minimum term is 5 yrs and maximum term is 54 yrs or maximum age of 70 yrs which ever is earlier.
The mode of payment is either yearly, half yearly or quarterly.
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