CEO says: PrimeLife is gaining positive momentum.
Promoted by eminent business groups of Nepal, PrimeLife has been able to book a
net profit of NPR 87 million in its first two years itself. With a steady growth
in ‘Life’ and significant market share in ‘Foreign Employment’ businesses, the future
of PrimeLife is looking even brighter.
Mr. Resta Jha , CEO
Through its various products, PrimeLife offers three important benefits to its valued
customers:
• Savings with good returns;
• Life Security in case of unforeseen events
• Tax Benefits as per Government’s Rule
We have opened 68 points of representations (Branches and Sales Offices) so far
and are planning to open 23 more offices in various parts of the country within
the fiscal year 2067/68. An unprecedented awareness and advertising campaign has
created big ripple in the market. Customers are now coming to PrimeLife counters
to buy various life insurance products.
Powered by sophisticated international software ‘SohamLife’, company has been able
to put together an efficient system, thereby being able to issue policies and settle
claims at a fastest speed compared to industry standards. Corporate governance is
another area of focus for PrimeLife. We believe our approach to risk management
practices is a strategic differentiator and a key driver for our sustained and quality
growth.
PrimeLife believes in a sustainable Corporate Social Responsibility (CSR). Its contribution
to Aama Samuha of Ghandruk VDC, Kaski district in the areas of health, education
and community development is one such initiative.
During FY 2009/10, we successfully completed Initial Public Offering (IPO) amounting
to NPR 108 million; thereby increasing company’s paid up capital to NPR 360 million.
PrimeLife Team is all set to raise the bar of Life Insurance Business in Nepal.
Resta Jha
CEO
PrimeLife Insurance Company Limited
[ Last Updated: 27th April 2011 ]