Kathmandu, Jan. 8
IGI Prudential Insurance
Limited has unveiled new insurance products at its 28th Annual
General Meeting (AGM), held in Kathmandu on Thursday.
The company introduced a
new health insurance product, aiming to provide cashless services to
individuals and families. This service will be available at most hospitals
across Nepal and in India, as part of the company's extensive network. The
product aims to make healthcare more accessible, offering easy and reliable
coverage for medical treatments, it informed in a statement.
Likewise, it launched a
new insurance plan specifically designed for foreign trekkers and mountaineers
visiting Nepal. In collaboration with global travel insurance provider, the
product will offer cashless services for accidents and altitude
sickness-related medical emergencies. According to the company, this initiative
is targeted at promoting safe trekking and mountaineering experiences in Nepal,
known for its popular mountain ranges and trekking routes.
Chairman of IGI Hemraj
Dhakal emphasised the importance of insurance in safeguarding individuals'
lives, property, businesses, and liabilities against various risks, both
natural and man-made. He reassured shareholders of the company’s commitment to
maintaining transparency and protecting the interests of policyholders.
The AGM also approved a
proposal to distribute a 5 per cent cash dividend from the company’s paid-up
capital to its shareholders.
CEO of the company, Yugesh
Bhakta Bade Shrestha informed that the company has a strong presence with 90
branches across all seven provinces, serving customers with 531 employees, 430
agents, and 192 surveyors.
The company has a paid-up
capital of Rs. 3.2 billion and remains the largest life insurance company in
Nepal.
In the fiscal year 2024/25,
the company saw a 3.63 per cent increase in its total insurance premiums, which
rose to Rs. 3.86 billion from 41.17 billion in 2023/24.
The company also paid out
claims worth Rs. 2.46 billion for over 18,500 claims and contributed Rs. 798.7
million in taxes to the government.
Published in The Rising Nepal daily on 9 January 2026.
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