17th June 2025, Kathmandu
United Ajod Insurance Limited has added a new member to its board. Wilson Man Ranjit has been appointed as a director from the public shareholder group. The decision was made during a board meeting held on Asar 2, 2081 (June 16, 2025).
United Ajod Director Appointment Ranjit
The board selected Ranjit to fill a vacant position. He will represent the interests of the general (public) shareholders. This move aligns with the company’s ongoing effort to maintain active and inclusive representation in its governance.
United Ajod’s board stated that Ranjit will serve for the remainder of the current term. His appointment will be presented for official approval during the company’s next Annual General Meeting (AGM).
Strengthening The Board
United Ajod Insurance sees this appointment as a way to enhance board efficiency and governance. The company believes Ranjit will bring a fresh perspective and strengthen the board’s ability to serve shareholders and customers.
Board members welcomed the decision, noting that effective leadership is crucial for the company’s long-term success. His presence is expected to contribute to policy development, operational insight, and strategic planning.
Background On United Ajod Insurance
United Ajod Insurance was formed after the merger of United Insurance Company (Nepal) Limited and Ajod Insurance Limited. The company has grown into a strong player in Nepal’s non-life insurance market. Its products include motor, property, travel, health, and agriculture insurance.
After the merger, United Ajod has focused on expanding its customer base and improving digital services. The company also aims to improve financial inclusion by offering coverage across rural and urban areas.
Regulatory Compliance And Corporate Governance
Ranjit’s appointment also reflects the company’s commitment to regulatory compliance. Insurance companies in Nepal are required to maintain a certain number of board members representing different shareholder groups.
By filling the vacant post with a representative of public shareholders, United Ajod has ensured it meets the guidelines of the Insurance Board of Nepal. It also shows the company’s dedication to corporate governance and transparency.
Upcoming AGM Will Confirm Appointment
Although Ranjit has officially taken the role, the final confirmation will take place during the next AGM. Shareholders will vote on his appointment as per company rules. Until then, Ranjit will begin contributing to board discussions and strategic meetings.
The company has not revealed further details about Ranjit’s background or past experience. However, more information may be shared during the upcoming shareholder meeting.
About United Ajod
United Ajod Insurance is a leading non-life insurance provider in Nepal. It was formed after the merger of United Insurance and Ajod Insurance in May 2023. The company is ISO 9001:2000 certified, showing its focus on quality.
It offers services like motor, property, health, travel, and agriculture insurance. The head office is at CTC Mall, Kathmandu. United Ajod is licensed by the Insurance Authority and rated BBB+ by ICRA Nepal. The company has a wide agent network and supports customers with strong digital tools. With expert leadership, it continues to grow and serve diverse insurance needs across the country.
Conclusion
With the inclusion of Wilson Man Ranjit, United Ajod Insurance aims to strengthen its leadership and represent public voices on the board. The appointment is timely as the company continues to expand and adapt to a fast-changing insurance landscape.
This development shows United Ajod’s ongoing commitment to growth, governance, and shareholder participation.
For more: United Ajod Director Appointment Ranjit