Reliable Nepal Life Insurance has entered its ninth year of operations, reporting a net profit of Rs. 57 crore in the last fiscal year and settling claims worth Rs. 1 arba 43 crore.
Reliable Nepal Life Insurance Limited has successfully completed eight years of operations and entered its ninth year. On this occasion, the company extended heartfelt gratitude to nearly 70 lakh policyholders, regulatory bodies, Reliable Advisors, shareholders, dedicated employees, journalists, and all stakeholders who have continuously supported and trusted the company in its journey. The company said that the achievements so far have provided encouragement to work with even greater energy and responsibility in the future. It further committed to keeping service as its top priority, becoming more customer-friendly, and delivering stronger business performance in the coming years.
In terms of financial results, Reliable Nepal Life Insurance posted a net profit of Rs. 57 crore in the last fiscal year. The company has fulfilled the minimum paid-up capital requirement set by the Nepal Insurance Authority, reaching Rs. 5 arba 19 crore. At the end of the fiscal year, the company’s total investment stood at around Rs. 20 arba. During the same period, the company disbursed Rs. 1 arba 43 crore in claim payments to policyholders.
To mark its eighth anniversary, the insurer organized various programs nationwide. At the central office in Gyaneshwor, employees and advisors participated in a rally and awareness campaign that passed through Maitidevi, Dillibazar, Putalisadak, and Krishna Pauroti before returning to the central office. Across its branches, the company held diverse community activities. Blood donation and health camps were conducted in Mahendranagar, Dhankuta, Lahan, and Bhairahawa. Tree plantation programs were organized in Rajbiraj, Chitwan, Sundar Bazaar, and Mirchaiya. Similarly, branches in Putalibazar, Biratnagar, Surkhet, Butwal, Gorkha, Dhangadhi, Damauli, Banepa, and Ilam distributed educational materials to schools, food supplies to elderly homes, and carried out sanitation drives.
The company stated that the support received from stakeholders has inspired it to continue expanding its services and enhancing customer trust. It aims to deliver even more efficient and customer-oriented life insurance services in the years ahead.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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