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Asian Life Insurance Company has got operatinglicense as per Insurance Act 2049 from BeemaSamiti (InsuranceRegulatory Authority of Nepal)on 27th February,2008 (Falgun 15,2064) and started functioning on 3rd April, 2008 (Chaitra 21,2064).The Authorized Capital of the Company is Rs.1000 million. Out ofwhich 671.32 million is currently paid up (70% by the promoter andthe remaining 30% by the general public.)There are 77 promoters of the company: 2 institutional and theremaining 75 individual promoters. Among the institutionalpromoters, there are prominent finance and development banks ofNepal. Following are the major institutional promoters.- Mahalaxmi Development Bank Limited, Kathmandu-Guheshwori Merchant Banking & Finance Ltd., Lalitpur.The member of the board of directors and other individual investorsare leaders in other professions and business, such as banks,insurance companies, financial institutions, private enterprisesetc. Some investors are from reputed position holders of ex-government services.Asian Life has been dedicated to maintain the highest level ofprofessional integrity, regulatory compliance and corporategovernance. Since inception, the company has focused on policy-holder's satisfaction. The company is equipped with moderntechnology to conduct the insurance business in professional mannerand is in the position to properly deal with all types of clientsand ready to provide excellent service.Asian Life has a strong and diversified sales network to distributean extensive range of products, viz Micro life products, moneyback, endowment, whole life, Joint Life etc. The company has alsoindividual face-to-face sales channel for its traditional products.The ambition of the company is to be most trusted life insurancecompany in the Nepalese insurance market.Asian Life takes pride in having its own building for its corporateoffice in Maitidevi, Kathmandu and a land with area of 2-5-0-0.16(1176.77 Sq. m.) in Naxal, Kathmandu for proposed New corporatebuilding.Asian Life has reinsurance support from Scor Global Life Paris,France, which is financially sound reinsurer of internationalrepute. The reinsurer is in the standard and poor's 'AA-' ratingcategory for its financial strength (2015). The outlook isstable.