Nepal Life Insurance Company has made history by becoming the first life insurer to receive the prestigious Silver Award from the Institute of Chartered Accountants of Nepal (ICAN) for its annual financial report.
Nepal’s most trusted life insurance company, Nepal Life Insurance, was honored with the Silver Award for Excellence in Annual Reporting 2024 by ICAN as it marks its 25th anniversary. The award ceremony took place on Friday at Hotel Radisson, where the Auditor General, Toyam Rai, presented the accolade to Nepal Life’s CEO, Praveen Raman Parajuli, and Deputy CEO, Amit Kumar Kayal.
Nepal Life received the Silver Award in the life insurance category for its outstanding annual financial report of fiscal year 2080/81. This recognition highlights Nepal Life as the first life insurance company in the country to receive this award, underscoring the excellence of its financial disclosures, adherence to national and international accounting standards, and commitment to financial transparency, accountability, and good corporate governance.
At the event, CEO Praveen Raman Parajuli expressed pride in receiving the award and acknowledged the added responsibility to continue improving. He emphasized Nepal Life’s stronghold over approximately 30% of Nepal’s life insurance market and reiterated the company’s ongoing commitment to financial transparency, accountability, and governance as its core values.
Parajuli also extended gratitude to the company’s Board of Directors for their guidance, the policyholders for their trust, the agents who form the backbone of the company, employees, shareholders, regulatory bodies, and all stakeholders who have supported Nepal Life’s journey.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
