Life Insurance Corp Nepal Ltd

XNEP:LICN (Nepal)  
NPR 1438.00 (-1.3%) Jul 15
35.72
P/B:
5.30
Market Cap:
NPR 38.15B ($ 285.26M)
Enterprise V:
NPR 35.91B ($ 268.51M)
Volume:
10.64K
Avg Vol (2M):
4.04K
Trade In:
Volume:
10.64K
Avg Vol (2M):
4.04K

Business Description

Description
Life Insurance Corp Nepal Ltd is operative in the field of financial services. A joint venture between Life Insurance Corporation of India and Vishal Group of Nepal, it is one of Nepal's most capitalized insurance companies. It offers a range of life insurance products such as endowment plans, child plans, money-back plans, and services like reviving a lapsed policy, policy loans, nominations, and bonuses to policyholders. The company's majority source of revenue is through insurance premiums, which are received either by direct remittance of cheques or bank drafts.