Mahalaxmi Life Insurance to come in operation from Magh after approval from Insurance Board; Mr Ramesh Kumar Bhattarai appointed as the CEO
Wed, Jan 2, 2019 8:36 AM on Latest,
Mahalaxmi Life Insurance Company Limited has received approval for operation from Insurance Board. Mr Ramesh Kumar Bhattarai has been appointed as the CEO of the insurance company.
Mr Bhattarai’s tenure has started from Poush 17, 2075 and has been appointed for a period of 4 years. He has completed his Masters degree in Finance and Bachelors in Law. He has worked for 35 years in the banking sector. Prior to the company, he has worked as a CEO of Mahalaxmi Finance, Nepal Life Insurance Company, Asian Life Insurance Company and Mahalaxmi Bikas Bank.
The life insurance company will start its formal operation from Magh. Ministry of Finance had restricted the company from receiving the license stating its inability to fulfill its minimum paid-up capital.
