Company Profile
Nepali Sanima Life Insurance Limited was incorporated under the Companies Act, 2063 on 2064/08/13. Beema Samiti awarded the operating license on 2074/05/07 as per Sub-clause 3 of Clause 10 of Insurance Act, 2049 and Sub-rule 1 of Rule 8 of Insurance Regulations, 2049 to conduct business of Life Insurance and the company started its commercial operations on 2074/08/22.
Promoted by Non Residents Nepalese (NRN), who have investment in Finance, Banking, Hydropower and Tourism etc in Nepal, Sanima Life Insurance aims to be a trusted name in the Life Insurance Sector of Nepal. Sanima Bank is the major promoter of Sanima Life Insurance Limited.
Sanima Life Insurance is committed to provide an entirely new experience to the insuring public in Nepal through state-of-art technology and variety of options in respect of products. For Sanima Life, everyone the new born, the youth and the senior citizen, is a potential customer to be served with financial security for their loved ones and innovative financial solutions for themselves.
The promoters of Sanima Life Insurance have a long-term commitment towards their customers and stake holders. These strengths and values have been inherited by Sanima Life Insurance, as we make our way to becoming one of the leading company in the Nepalese Life Insurance Industry.
Authorized & Paid Up Capital
The authorized capital of the company is NRs 300 crore and Issued and Paid up Capital is NRs 200 crore.
70% of issued capital has been subscribed by the promoters and 30% of the issued capital allotted to the public through IPO as per regulation in this regard.
Re-insurance
For healthy and scientific distribution and management of risk, the company has made re-insurance agreement with the domestic reinsurer: Nepal Reinsurance Company.
The company has made life catastrophic risk reinsurance treaty with Europe based reinsurer Arch Re.
Vision Mission Statement
Vision
Our vision is to be a leading life insurance company in Nepal.
Mission
- Provide innovative products and services to our customers.
- Provide best value to our policy holder.
- Provide a long term financial security to our policy holder.
- Improving the quality of life of Nepalese people and contribute to overall national development.
