Kathmandu. Himalayan Life Insurance has clarified that there has been no adverse impact on the company’s ability to meet its liabilities and service delivery.
The company has made this clear by issuing a statement to the stakeholders. “Lately, issues related to the investigation and judicial process related to the prevailing securities laws of Nepal have been made public through various media, online news portals and social sites,” the statement reads. ’
In this situation, the purpose of this press release is to provide accurate and authoritative information to all the insured, agents, employees, investors and other stakeholders who have faith in the company. “Himalayan Life Insurance Company is a responsible, institutional, and professional life insurance company established and operated under the prevailing laws of the Government of Nepal and the regulatory framework of the Insurance Authority. ’
The company has made it clear that the company fully respects the rule of law, supremacy of law and judicial independence as the issues made public are related to the relevant regulatory bodies and the judicial process. “The Company is always committed to providing necessary support to the concerned bodies as per the need,” the company said, “In this context, we would like to clearly assure all the stakeholders that the news made public or the legal process related to any particular person has not and will not have any adverse impact on the company’s institutional existence, regular business operations, financial stability, ability to bear responsibilities and service delivery.” It does. ’
All the services provided by the company like the issuance and renewal of policies, premium collection, examination and payment of insurance claims, customer service, agent management, financial operations and all the services provided through head office, branch and sub-branches are operating in a regular and effective manner. “We would like to clarify that it would not be appropriate to evaluate any individual or individual issues linking the overall institutional condition of the company as the institutional structure, decision process, internal control system and financial management of the company are governed by the established legal and corporate processes,” reads the statement. The Company has the necessary financial, managerial and corporate capacity to pay its obligations to its insured in a timely and effective manner. Protection of the interests of the insured and fulfillment of its statutory obligations has been and will continue to be the top priority of the company. ’
The company has also requested the policyholders not to be swayed by any confusion, apprehensions or unconfirmed information to maintain their insurance security, pay premium on time and conduct insurance related work regularly.
Similarly, the company has urged all the agents to continue their business activities with confidence, provide factual and authoritative information to the customers and help in increasing the trust of the company. “We urge all employees of the company to discharge their responsibilities with high professionalism, transparency, accountability and service-oriented spirit,” the company has said, adding that all the stakeholders should believe only the factual information received from authoritative sources and not jump to any conclusion based on rumors, conjectures or unconfirmed information. ’
Himalayan Life is fully committed to good governance, transparency, accountability, regulatory compliance and rule of law. The company has taken the trust of its insured, investors and all stakeholders as its most valuable asset and will continue to be committed and striving to protect and enhance that trust.
