IPO Issue Alert :: IME Life Insurance IPO issue is in process
IME Life Insurance Ltd IPO Issue
Name: IME Life Insurance Limited
Established: 2065 Aswin 15 (October 01, 2008)
Operation Date: 1st Bhadra 2074
Paid up Capital: NPR 1.4 Billion
Paid up Capital after
IPO: NPR 2
Billion
About IME Life Insurance
Promoted by IME Group has an unrivalled strength - a wide reach with IME Group offices in Nepal and 6000 plus IME Centers and local remittance agents. IME Life is all set to conquer and establish a strong client base via agency, corporate agency, banc assurance and direct channels whom we call- our Strategic Partners.
IME life Insurance aims to build and expand strong and reliable network of branches all over Nepal, through vast array of strategic partners. We are committed to upgrade their skills and expertise via regular training to provide excellent service to our clients. This will aid in gaining market share and expansion of trustworthy ethical business network.
Our company is focusing on providing qualitative services of International Standard. Our company uses information technology to enhance service provided to clients’. We have well connected to provide safe, secured and fast customer service.
The market of life insurance is promising and emergence of newer
life insurance providers has made the market even more competing yet IME Life
Insurance Company is unique. What makes us set apart from other companies is
efficiency in operation, good corporate governance and focus the objectives of
increasing insurance coverage for ensuring future of people and
country.Registered in 2065 Aswin 15 (October 01, 2008), IME Life Insurance
started its operation from 1stBhadra 2074 (August 17, 201) offering a range of
individual and group insurance solutions that meet various customers' needs
such as Protection, Savings, and Investment. IME Life has paid up capital of
NPR 1.4 Billion and will reach 2 Billion after IPO. Company's reinsurance
partner is Nepal Reinsurance Company Ltd. Promoted by IME Group has an
unrivalled strength - a wide reach with IME Group offices in Nepal and 6000
plus IME Centers and local remittance agents.
Capital
IME
Life Insurance Co .Ltd. has a total authorized capital of 3 Arabs. Out of
which, issued and paid up capital is Rs 1 Arab 40 crores. 30% of the issued
capital will be allotted to the public through IPO and 70% has been subscribed
by the promoters.
Vision
Enhance awareness about life insurance, encourage financial
security to the people of Nepal through life insurance products and contribute
to the nation’s development.
Mission
Our mission is to
provide our clients best coverage, diligent underwriting, hassle-free claims
and business friendly solutions.
Reinsurance
The Company has made reinsurance arrangement with Nepal
Reinsurance Co Ltd. Registered in 2065 Aswin 15 (October 01, 2008), IME Life
Insurance started its operation from 1stBhadra 2074 (August 17, 2017) offering
a range of individual and group insurance solutions that meet various
customers' needs such as Protection, Savings, and Investment.
About IPO Issue
IME Life Insurance Company Limited all set to issue 60 Lakh
Units Initial Public Offering (IPO) to the general public worth Rs 60 crores.
IME Life Insurance Co .Ltd. has a total authorized capital of 3 Arabs. Out of
which, issued and paid up capital is Rs 1 Arab 40 crores. 30% of the issued
capital will be allotted to the public through IPO and 70% has been subscribed
by the promoters.
Contact Info
IME Life Insurance Company Ltd.
1st Floor, Hathway Complex, Lainchaur, Kathmandu
Post. Box Number: 740
Tele: +977-01-4024071 | Email: info@imelifeinsurance.com
www.imelifeinsurance.comContact InfoIME Life Insurance Company Ltd. 1st Floor,
Hathway Complex, Lainchaur, Kathmandu P. Box 740 977-01-4024071
info@imelifeinsurance.com www.imelifeinsurance.com
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