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Saturday, March 20, 2010

CEO's Perspective-Prime Life

Prime Life Insurance Company Limited
CEO's Perspective
Mr. Resta Jha , CEO

CEO says: PrimeLife Insurance Company is on the move. Promoted by eminent business groups of Nepal, PrimeLife has been able to book a net profit of NPR 56.75 million in its first year itself. With a steady growth in ‘Life’ and significant market share in ‘Foreign Employment’ businesses, the future is looking even brighter. Through its various products, PrimeLife offers three important benefits to its valued customers: • Savings • Life Security • Tax Benefit

We have opened 42 points of representations (Branches and Sales Offices) so far and are planning to open 44 more offices in various parts of Nepal within next 18 months. A massive awareness and advertising campaign has begun and through increasing level of engagement between employees and agents, PrimeLife is going to achieve unprecedented milestones in the days to come.

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 going by the 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.

With upcoming Initial Public Offerings (IPO), company’s capital is going to increase to NPR 360 million from existing NPR 252 million. This will provide us with new areas of investments and growth.

PrimeLife Team is all set to raise the bar of Insurance business in Nepal

"With a steady growth in ‘Life’ and significant market share in ‘Foreign Employment’ businesses, the future is looking even brighter."

Mr. Resta Jha

CEO PrimeLife Insurance Company Limited

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