Reliance Life Insurance got Approval from SEBON to issue IPO

Reliance Life Insurance Limited has got the approval to issue of Initial Public Offering from the Security Board of Nepal (SEBON) on Shrawan 16 2077. This company will issue the thirty percent of the issued capital.

Reliance Life Insurance got Approval from SEBON to issue IPO

The IPO issue manager of this company is Sanima Capital. The Paid-up capital of this company One Arba forty-seven crore (Rs: 1,470,000,000). The company will issure 63 lakh units share of face value NPR: 100 per unit which value is 63 crore rupees.ICRA Nepal has given Grade 4 to the IPO of this company.

About Reliance Life Insurance Limited

Reliance Life Insurance Limited started its operation from Mangshir 1, 2074. We are proud to provide risk coverage and financial stability to our valued policyholders today and in the future.
This company operates in the core philosophy of customer-centricity by offering a wide range of protection and saving plans to meet different life stage requirements of its customers. RLIL values reside in innovative and cost-competitive products with commitment to quality and timely servicing and a hassle-free claim settlement experience to its customers.
This organization is the first and only life insurance company having 24 x 7 Contact Center for servicing our clients and customers, and creating insurance awareness.

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