6th July 2024, Kathmandu
Prabhu Mahalakshmi Life Insurance Limited has announced the availability of 60,000 founder shares for sale, exclusively to its founding shareholders.
This move comes shortly after the successful merger of Prabhu Life Insurance and Mahalaxmi Life Insurance, forming the new entity, Prabhu Mahalaxmi Life Insurance Ltd.
60,000 Shares of Prabhu Mahalakshmi Life Insurance Ltd. are for Sale
The company has listed 60,980 founder shares, of which 60,000 are up for grabs, with the remainder set aside for future opportunities.
Founding shareholders have a specified period to apply for these shares. Should there be no applications within this timeframe, the shares will be made available to the general public.
Prabhu Mahalaxmi Life Insurance Ltd. is the result of a strategic merger between Prabhu Life Insurance and Mahalaxmi Life Insurance. This amalgamation aims to harness the strengths, expertise, and resources of both companies to establish a leading entity in the life insurance sector.
Key Highlights of Prabhu Mahalaxmi Life Insurance:
Extensive Product Portfolio:
Offering a diverse range of life insurance products, including term plans, whole life policies, endowment plans, and child plans.
Customer-Centric Approach:
Prioritizing customer needs with exceptional service and support through a dedicated team of professionals.
Financial Strength and Stability:
Backed by solid capital reserves and prudent risk management practices, we ensure customer investments are secure and grow over time.
Technological Advancements:
Embracing cutting-edge technologies to enhance operational efficiency and improve customer experiences through digital platforms and tools.
Nationwide Presence:
With an extensive network of branches and distribution channels, the company ensures accessibility for customers across the country.
Prabhu Mahalaxmi Life Insurance Ltd. is committed to upholding the highest standards of integrity, transparency, and ethical conduct. The company aims to build strong, long-lasting relationships with customers, employees, partners, and stakeholders.