Overview
Jyoti Life Insurance Company Limited was established in 2017 as a public limited company under the Company Act 2063 and Insurance Act 2049. The company plans to reach out to all parts of Nepal and make insurance services available to all Nepali citizens and safeguard their future interests.
JyotiLife takes pride in its diverse list of promoters. The promoters of the company consist of both, individuals from diverse business backgrounds viz. manufacturing, trading, and financial and institutions with strong brand value and presence.
Capital Structure of Jyoti Life Insurance Company:
The Company has an authorized capital of Rs. 300 Crore. Currently, JyotiLife has a paid-up capital of Rs. 154 Crore raised from the promoter group. Jyoti Life shall be carrying out Initial Public Offering (IPO) through which it shall be raising Rs. 66 Crore thus making a total issued capital of Rs. 220 Crore.
JyotiLife believes in customer excellence and shall be adopting technology and innovation in all avenues of its business. This shall reduce operational cost, improve efficiency, and embed control mechanisms which shall all ultimately create a business value that JyotiLife can pass on to its policyholders and shareholders.
Contact Details:
Shanta Plaza, Pashupati Road, Gyaneshwor, Kathmandu, Nepal
Phone: +977-1-4445941, +977-1-4445942
Email: [email protected]
Website: www.jyotilife.com
