Kathmandu: Nepal Life Insurance Company Limited(NLIC) celebrates its 22nd anniversary today. It has thanked all its policyholders and other stakeholders for their consistent support for decades long journey of life insurance services.
NLIC has promised to forever remain dedicated for the protection and prosperity of its policyholder. NLIC has been market leader in terms of insurance premium income with a market share above 25 percent. The size of it’s life fund is above 1.70 trillion which is the largest life fund among life insurers in Nepal.
It offers policy bonus from Rs.56 to 82 annually based on the types and term of life insurance policy. In recent years, it has adopted information technology with high priority to reach to the customer efficiently and economically. It has been encouraging its policyholders to approach for life insurance services through digital platform. With a strategy to maximize the use of digital payment services, it has been succeed to collect a remarkable portion of its renewal premium through digital payment gateway. The increased use of digital payment gateway will surely lower the policy lapsation ratio.
NLIC has distributed Rs.8.67 billion to its shareholders as dividend including bonus share and cash dividend. It has a paid up capital of Rs.8.20 billion which is the largest paid up capital among life insurers.