Sanima Life Insurance Limited

Kamaladi, Kathmandu

Estd. 2008

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Overview

Sanima Life Insurance Limited was incorporated in 2064 Manshir 23 (2008 AD) under the Companies Act, 2063. The Beema Samiti approved the operating license on 2074 Bhadra 07 as per Sub-clause 3 of Clause 10 of the Insurance Act, 2049 and Sub-rule 1 of Rule 8 of Insurance Regulations, 2049 to conduct the business of Life Insurance and the company started its commercial operations on 2074 Manshir 22. Promoted by Non-Residents Nepalese (NRN), who have an investment in Finance, Banking, Hydropower, 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 Limited is committed to providing an entirely new experience to the insuring public in Nepal through state-of-art technology and a variety of options in respect of products. For Sanima Life, everyone the newborn, 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. We are here to offer excellent insurance service to our customers through courtesy and transparency in all our interactions because for us every customer matters.

The promoters of Sanima Life Insurance have a long-term commitment to their customers and stakeholders. These strengths and values have been inherited by Sanima Life Insurance, as we make our way to becoming one of the leading companies in the Nepalese Life Insurance Industry.

AUTHORIZED AND PAID-UP CAPITAL:

The authorized capital of the company is NRs 300 crore and the Issued and Paid-up Capital is NRs 140 crore. As per the regulatory provision, Sanima Life will issue an IPO of NPR 60 crore, after which the paid-up capital will be 200 crores.
70% of issued capital has been subscribed by the promoters and 30% of the issued capital will be 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 a re-insurance agreement with the domestic reinsurer: Nepal Reinsurance Company.

VISION & MISSION STATEMENT:

To be the leading life insurance company in Nepal through continuous innovation, presenting the best value to its customers through financial security, long-term prosperity through best returns, and impeccable service, thus improving the quality of life of Nepalese people while contributing to the overall national development.