Beema Samiti Invites Proposals to Add One More Reinsurance Company in the Country

Thu, Apr 29, 2021 1:02 PM on Latest, Stock Market,

Beema Samiti has invited application for the proposal of a Reinsurance Company.

Beema Samiti has planned to add another reinsurance company in the country in order to make the industry competitive, effective, and adept. As such, it has invited applications for the proposal to individuals and institutional investors.

The paid-up capital of the reinsurance company proposed should not be lower than Rs. 10 Arba. Cross holding is not permitted. This means that investors who already have an investment in the currently operational Nepal Reinsurance Company Limited (NRIC) are not eligible for the proposal.

From the proposals, the proposal that receives the highest grade during evaluation by the Beema Samiti will be selected.

This call for proposal was first published today, i.e. Baisakh 16. Applicants have 21 days to conclude and submit applications.