22nd June 2025, Kathmandu
Prabhu Mahalaxmi Life Insurance and Chirayu National Hospital and Medical Institute have formed a significant strategic partnership aimed at expanding access to affordable, quality health services and life insurance.
Prabhu Mahalaxmi Partners Chirayu Hospital
The agreement was signed by Santosh Prasain, CEO of Prabhu Mahalaxmi Life, and Chandreshwar N.R. Baidya, Operations Director of Chirayu Hospital.
The signing ceremony was also attended by Kishor Prasad Lamichhane, Deputy CEO of Prabhu Mahalaxmi Life, and Basant Khanal, Business Development Officer of Chirayu Hospital.
This one-year agreement aims to bridge the gap between healthcare supply and financial protection in Nepal. Both companies expressed confidence and commitment that the partnership will provide broad benefits to employees, agents, shareholders, and the general community.
As per the agreement, Chirayu Hospital will offer special discounts to Prabhu Mahalaxmi Life’s employees, agents, shareholders, and their dependent family members.
The hospital will provide a 15% discount on bed charges, a 10% discount on in-hospital diagnostic services, and a 5% discount on medicine purchases. Additionally, free ambulance services will be available within the Kathmandu Valley. Patients referred to the hospital will also receive special discounts ranging from 10% to 25%, depending on the service.
According to the agreement, Prabhu Mahalaxmi Life will offer various insurance plans to Chirayu Hospital’s employees, with the hospital covering the insurance premiums. This initiative aims to ensure the financial security and overall welfare of Chirayu Hospital’s staff.
With a shared goal of providing quality and accessible services, this partnership is expected to serve as an excellent example of collaboration between the health and insurance sectors.
This historic partnership is believed to contribute to building a healthier and safer society in the days ahead.
About Prabhu Mahalaxmi
Prabhu Mahalaxmi Life Insurance Limited (PMLI) is a leading life insurance company in Nepal. It was formed by merging Prabhu Life Insurance and Mahalaxmi Life Insurance. This merger helps PMLI serve more customers with diverse insurance products.
PMLI is listed on the Nepal Stock Exchange with a paid-up capital of NPR 5.1 billion. The company offers various plans, such as term insurance, whole life, endowment, and child plans. These cater to the different needs of individuals and families.
As of June 2025, PMLI’s stock price is NPR 502.39, showing strong financial health. The company also has a market capitalization of NPR 25.1 billion.
Recently, PMLI partnered with Chirayu National Hospital to expand access to affordable health and insurance services. Policyholders get discounts on hospital services, and hospital staff receive insurance coverage.
PMLI’s website and mobile app provide easy access to policy information and customer support. This digital presence makes managing insurance convenient for customers.
For more:- Prabhu Mahalaxmi Partners Chirayu Hospital