Sanima Life Insurance Company, a recent arrival in life insurance business in Nepal, has expanded its branch network to 3 more places on Chaitra 7, 2074. On a single day, locals at Soltimod of Kathmandu, Sallaghari of Bhaktapur and Banepa of Kavre welcomed the new branches of Life Insurance Company at their doorsteps. These latest facilities were inaugurated by BOD of the company Mr. Ghanshyam Thapa, BOD Mr. Badri Bishal Ghimire and Deputy Managing Director Mr. Keshav Raj K.C. among many others.
The life insurance company currently has paid up value of Rs 1.40 arba and is mulling to issue IPO worth of Rs 60 crore to meet the guidelines of Insurance Board to hike the paid up to Rs 2 arba by the end of the FY.