Nepal Life expands

KATHMANDU: Nepal Life Insurance Company has opened a sub-branch in Chandragadi of Jhapa district with an aim to provide better services to its clients and also to expand the life insurance business in the country.

It was inaugurated by Shreeman Karki, former executive director of Beema Samiti.

During the inauguration, Vivek Jha, chief executive officer of Nepal Life, said that the company would open more branches and sub-branches in current fiscal year to expand its services.

In the first trimester of current fiscal, the firm was able to collect premiums worth Rs 3.80 billion and its net profit also stood at over Rs 170 million.