Jyoti Life Insurance Company Limited is established under Company Act 2063 and Insurance Act 2049 as a Public Limited Company in July 2017.
The company plans to reach out to all parts of Nepal and make insurance services available to all the Nepali citizens and safeguard their future interests. Within a very short time frame JyotiLife has established more than 70 outlets within the country.
JyotiLife takes pride in it’s diverse list of promoters. The promoters of the company consists of both, individuals from the diverse business background viz. manufacturing, trading and financial and institutions with strong brand value and presence. NIC Asia Bank is one of the prominent institutional promoters of JyotiLife.
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.
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