Prime Life Insurance Company Limited has obtained operating license from Beema Samiti, the regulator of the insurance sector in Nepal, to conduct life insurance business in Nepal.

The Company is promoted by Nepal’s leading and highly prominent business groups having widely diversified business interests and expertise. Laxmi Bank Limited, a leading commercial bank in Nepal, is one of the promoters with a significant stake.

The Company will commence its operations from 1st week of June, 2008 and has plans to offer life insurance products bundled with innovation and superior customer services. nepalnews.com May 11 08