1: Setup
LIC (Nepal) Ltd. is one of the largest capitalized insurance companies of Nepal. A joint venture between Life Insurance Corporation of India(55%) and Vishal Group of Nepal (25%), the insurance company has public participation to the extent of 20%. Life insurance corporation (Nepal) Ltd. is Registration No: 765-057/58
Incorporated under the Companies Act 2053, 27.12.2000
Started Operations 1.09.2001. |
| Authorised Capital |
Rs.25 Crores |
| Paid up Capital |
Rs.25Crores |
| No. of Offices |
14 Branch Offices & Corporate office |
2: Share Structure
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2.a: Life Insurance Corporation of India
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The Life Insurance Corporation of India (LIC) is the largest life insurance company in India and also the country's largest investor. It is fully owned by the Government of India. and was founded in 1956.
Headquartered in Mumbai, which is considered the financial capital of India, the Life Insurance Corporation of India currently has 8 zonal Offices and 105 divisional offices located in different parts of India, at least 2048 branches located in different cities and towns of India along with satellite Offices attached to about over 100 Branches, and has a Branch of around 12 Lak agents for soliciting life insurance business from the public, the above fact is proved by the data given below till march 2007. |
| Life insurance fund |
IRs. 6,86616.45 Crore (approx) |
No. of Inforce policies
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234040562 (approx) |
Net income (2007 - 2008)
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IRs. 1,83,000 Crore (approx) |
No. of Sold Policies (2007 - 2008)
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37600590 (individual) |
Total Death Claim paid amount (2007 -2008)
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5138.12 Crore (approx) |
| Visit
LIC of India for latest information |
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2.b: Vishal Group of Nepal
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Vishal Group today is a solidly established business house with a broad range of products and services that has built up an enviable record of performance and reliability. In the last five decades of operation, the Group has scaled new heights, overcoming stiff competition time and again.
Strategic vision, combined with the business acumen of the management has placed Vishal Group among the top names of the country.
• Iron & Steel
• Consumer Goods
• International Trade
• Insurance
• Banking
• Education
• Telecom
• Agro Sector |
