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About Us
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. having Registration No: 765-057/58, was incorporated under the Companies Act 2053, on 27.12.2000. It has started Operations since 01.09.2001.
Authorised Capital Rs.85,55,62,500
Paid up Capital Rs.85,55,62,500
No. of Offices 33 Branch Offices,
&
Corporate office

2: Share Structure

 

share

2.a: Life Insurance Corporation of India

The Life Insurance Corporation of India (LIC) is the largest life insurance company in India and also the country's largest investor. It's world's largest Insurance Company in terms of total number of policies being serviced. It is fully owned by the Government of India. and was founded in 1956. Headquartered in Mumbai, the Life Insurance Corporation of India currently has 8 zonal Offices and 113 divisional offices located in different parts of India. It has 2048 branches located in different cities and towns of India along with 1346 satellite Offices, and has a team of around 1,20,388 employees and 11,95,916 agents for soliciting life insurance business. Some important statistics as at 31st March 2014 are as under:
Life insurance fund IRs. 16,07,024.98 Crores
Total No. of In-force policies as on 31.03.2014
34.36 Crores
Total income (2013 - 2014)
IRs. 3,80,042.44 Crores
Total Premium income (2011 - 2012)
IRs. 2,36,798.07 Crores
No. of Sold Policies (2013 - 2014)
345.12 Lacs (individual)
Total Claim Amount Paid (2013 -2014)
 91,186.45 Crores
Total Assets as at 31.03.2014
 17,69,191.60 Crores
Market Share in NoP as at 31.03.2014
 84.44%
Market Share in FPI as at 31.03.2014
 75.33%

Visit LIC of India for latest information  

2.b: Vishal Group of Nepal

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
• Agro Sector

 

 


 
 
 
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