NLIC completes one year of operations

Nepal Life Insurance Co Ltd (NLIC) has completed its successful year of operation on Friday.

NLIC, established one year ago with domestic investment solely, is providing its services through three branch offices in Kathmandu, Biratnagar and Birgunj, said a statement issued by the NLIC president Purushttam Lal Shanghai.

According to the statement, NLIC has 8,600 clients with the insurance figure of more than Rs 122 Crore and has collected premium worth Rs 72,500,000 by the end of the first year. President Shanghai has thanked all the clients and agents on the occasion of entering the second year of operation. He has also assured of providing similar services in the coming days.

NLIC is planning to expand its services to Pokhara, Nepalgunj and Butwal with branch office there.