Kathmandu: The Insurance Board has given nod to the appointment of Nirmal Dahal to the Chief Executive Officer of Prime Life Insurance Company.
Rajuraman Paudel, spokesperson of the Board, informed that the regulatory authority has approved the recommendation made by the board of directors(BODs) of Prime Life to appoint Dahal as CEO.
A meeting of the BODs of PLI held a few weeks ago had proposed the name of Dahal to the Insurance Board to appoint him CEO of the company. Now, Dahal assumes his office for the tenure of 4 years if the ongoing merger among Prime Life, Guransh Life and Union Life Insurance remains inconclusive.
Dahal has been working at the managerial level in the banking and finance sector for more than 20 years. The company appointed him as Senior Deputy Chief Executive Officer on 21st Chaitra to promote him as Chief Executive Officer.
