LIC Nepal Limited (Life Insurance Corporation Nepal Limited) was established in 2001 as a Life Insurance Company in Nepal. LIC Nepal was incorporated jointly with LIC India (55% ownership of the company is held), Vishal Group (25% ownership) and the general public (20% ownership).
Over the years, LIC Nepal has achieved many momentous milestones and glory from different entities. But the proud feather in the crown of the company will be, being awarded as the highest tax-paying company in the insurance domain by the Government of Nepal (GoN) for years together. This way, LIC Nepal Limited is an honor for the company to be part of the nation-building process of the country.
The quality of the system of the procedure that is being followed by LIC Nepal is one of the world's best. This claim is vouched by the fact that LIC Nepal Limited is the only ISO certified Life Insurance Company in Nepal.