Asian Life Insurance is one of the leading life insurance companies in Nepal. It was established on 27th February 2008 ( Falgun 15, 2064) and started functioning on 3rd April 2008 (Chaitra 21, 2064). The Authorized Capital of the Company is Rs.5 billion. Out of which 2.9 billion is currently paid up (60% by the promoter and the remaining 40% by the general public.) Some of the promoters are:
-Guheshwori Merchant Banking & Finance Ltd., Lalitpur.
-Chachan Group
-HR Goel Group
-Sarawagi Group
-Roongta Group
Its life fund is of Rs.34.80 billion (Till the Paush end of FY 2079/80). Asian Life has a strong and diversified sales network to distribute an extensive range of products, viz Micro Life products, Term Life, Money Back, Endowment, Whole life, Joint Life etc. It has 151 plus branch offices spread across the country. Asian Life has reinsurance support from Hannover Re(World's Second Largest Reinsurer) and Nepal Reinsurance Company Limited. Subsidiaries:
Asian Capital Limited is a subsidiary of Asian Life Insurance.