Prabhu Mahalaxmi Life Insurance Welcomes Santosh Prasai as New CEO

Fri, Mar 1, 2024 4:50 PM on Latest, Corporate,

Santosh Prasai, an experienced figure in the insurance sector, has been appointed as the Chief Executive Officer of Prabhu Mahalaxmi Life Insurance Company Limited (PMLI).

Prasai, with a background at the Nepal Insurance Authority (then Beema Samiti), previously served as CEO at Nepal Life Insurance Company Limited and Prabhu Life Insurance Limited.

His appointment comes following the merger of Prabhu Life Insurance Limited and Mahalaxhmi Life Insurance Limited.

The Board of Directors appointed Prasai for a 4-year term during a meeting on Falgun 18, 2080. Notably, Prasai is also a Chartered Accountant.