Nepal Life Insurance Expands Portfolio with Strategic Investments in Education

Nepal Life Insurance Company Limited, a leading life insurance provider in Nepal, has decided to diversify its investments by acquiring stakes in Professional Educators Limited and Uniglobe Higher Secondary School. On Shrawan 6, 2081, at Hotel Royal Singi in Kathmandu, the company signed agreements to invest Rs 73.72 crore for a 35.32% stake in Professional Educators Limited and Rs 60 crore for a 47.62% stake in Uniglobe Higher Secondary School.

Key Points:

1. Investment Details: Nepal Life Insurance will hold significant ownership in both entities, reflecting its strategy for investment diversification and focus on the education sector.

2. Company Statements: Chairman Mr. Govind Lal Sanghai stated that the investment aligns with regulatory guidelines and aims to contribute positively to the nation through the education sector. CEO Pravin Raman Parajuli emphasized the company's commitment to investment diversification and high returns.

3. Sector Impact: The investments are intended to enhance Nepal Life's portfolio and provide better returns while contributing to national development.

4. Collaboration: Professional Educators Limited's Executive Chairman Prof. Dr. Khagendra Prasad Ojha welcomed the partnership, viewing it as a milestone for both sectors.

The move underscores Nepal Life Insurance's strategic focus on enhancing its investment portfolio while supporting national development through education.