Introduction
Prudential Insurance Co. Ltd. ( Be Safe Always)
Prudential Insurance Company was incorporated under the Companies Act on November 30, 2000. With the approval of Beema Samiti (Authorized Governement Insurance Office), it commenced operation on June 20, 2002. The Company is housed in the second floor of Triveni Complex an exquisitely built modern office complex located in the heart of the City Kathmandu.

Formed with an initial capital of Rupees 10 Crores (this includes Public Issue of Rs. 2 Crores). The company can claim to have a strong financial base the first essential ingredient for success in the business of insurance. The strength, reputation and the influence of the groups and their business associates together with the professional management the Company has employed give an assurance of stability and quality service to the Nepalese customers.

The Company’s operation is computerized with an integrated insurance software that ensures speedy and quality service to its customers in matters of issuing policies and settlement of claims. Emphasis is put on recruitment of quality staff and providing them effective training to ensure a truly professional service. The Company regards that professional management, efficient computerization of its operation and trained staff with a strong customer focus give it a cutting edge in the competitive environment of the present market.

The Company has a suitable reinsurance protection from a consortium of reinsures of first class security as rated by the internationally accredited rating agencies like A.M. Best. While the General Insurance Corporation of India are the lead reinsures, the other members of the consortium include Mitsui Sumitomo, Arab Reinsurance Group, African Reinsurance Corporation and Kuwait Reinsurance Company among others.

Thus the reinsurance arrangement of the Company gives its customers a measure of confidence in the Company’s ability to meet its obligations in regard to settlement of claims, particularly the large ones.

About Themselves

Prudential Insurance Company Limited which had been registered with the Government of Nepal, Registrar of Companies, Kathmandu, Nepal was issued License on Baishakh, 2059 (May 3, 2002) by Beema Samiti, to underwrite non life insurance business. The Company received the Certificate for Commencement of Business on Jestha 21, 2059 (June 4, 2002) and started underwriting insurance business from Aasadh 6, 2059 (June 20, 2002).

Registered Office
BCCI Building, Birta, P.O. Box:111, Birgunj 4, Parsa.
Tel: 531 681 Fax: +977-51 533261
E-mail: prudentialbrj@atcmail.com.np

Corporate Office
Triveni Complex-2nd Floor, Putalisadak 30383,
Kathmandu – 31, Nepal.
G.P.O. Box: 15123, Kathmandu
Tel: 4212940(H), 4212941 Fax: +9771 4219527
E-mail: prudential@wlink.com.np

Branch Office: Birgunj, Biratnagar, Pokhara Butwal and Banepa

Share Capital
Authorized: Rs. 200 Million.
Issued and Paid Up: Rs 100 Million