16th March 2025, Kathmandu
Nepal Life Insurance Company Limited has bolstered its leadership team with the election and swearing-in of three new directors, marking a significant step in the company’s governance and future growth.
Nepal Life Insurance New Directors
The election, which was part of the remaining program from the postponed 25th Annual General Meeting, took place today, Chaitra 2, 2081 (corresponding to the Nepali calendar), at Hotel Bhishwa in Birgunj. During the event, shareholders elected Mr. Bimal Prasad Dhakal, Mr. Krishna Raj Lamichhane, and Mrs. Sharmila Shrestha Maharjan to the Board of Directors (Group B).
Following their election, the new directors were promptly sworn into office. Chairman Mr. Govind Lal Sanghai administered the oath during the 393rd meeting of the Company’s Board of Directors, held immediately after the election. This process was conducted in full compliance with the Insurance Act, 2079, ensuring adherence to regulatory standards.
The newly constituted Board of Directors is anticipated to play a pivotal role in driving the strategic direction and operational efficiency of Nepal Life Insurance Company Limited. Their expertise and insights are expected to contribute significantly to the company’s continued growth and its ability to navigate the evolving insurance landscape in Nepal.
Key Highlights:
Election of Directors: Mr. Bimal Prasad Dhakal, Mr. Krishna Raj Lamichhane, and Mrs. Sharmila Shrestha Maharjan were elected to the Board of Directors (Group B).
Oath of Office: The newly elected directors were sworn in by Chairman Mr. Govind Lal Sanghai.
Compliance: The election and swearing-in were conducted per the Insurance Act, 2079.
Strategic Importance: The new Board of Directors is expected to play a crucial role in the company’s growth and governance.
Location: The event happened at Hotel Bhishwa, Birgunj
Date: Chaitra 2, 2081.
This development underscores Nepal Life Insurance Company Limited’s commitment to strong corporate governance and its dedication to providing reliable and comprehensive insurance services to its customers. The strengthened leadership is poised to guide the company toward sustained success in the competitive insurance market.
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