Business Directory Nepal

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Union Life Insurance IPO –Apply Now

Listing Title

Union Life Insurance IPO –Apply Now

Listing Category

Insurance

Long Description

Union Life Insurance IPO is issued to the public on Thursday, July 8, 2021. The company is about to issue 6.5 million IPOs worth Rs 645 million.

Union Life Insurance IPO has secured 5 per cent of the total 6.4 million shares to be issued, i.e. 322,500 shares to employees and another 5 per cent to collective investment funds. The general public will be able to apply for the remaining 5.8 million shares. The company is going to issue 30 percent of its total issued capital.

Applications for the IPO can be submitted as early as July 12 and as late as July 20. Investors will be able to apply for a minimum of 10 units and 32,250 units.

The IPO issuance and sales manager is Prabhu Capital Limited. Interested applicants can apply through C-ASWA member banks and financial institutions and Meroshare. ICRA Nepal has given ICRA NP Issuer Triple B rating to the insurance company. This indicates an average risk in the company’s ability to bear financial obligations.

At present, the company’s paid-up capital is Rs 1.5 billion. After the IPO issuance and distribution, the company’s paid-up capital will reach Rs 2.15 billion.

About Union Life Insurance Company Ltd.

Union Life Insurance Company Ltd. has been established and registered under Company Act 2063 and Insurance Act 2049 in the year 2074 B.S (Regd. No. 168131/73/074) as a Public Limited Company and got a license to operate Life Insurance Business on 2074/03/20(04/07/2017). Union Life Insurance Company has been established with sole Nepalese Capital. The Company comprises of renowned & big promoters; Jagadamba Group, Golchha Group, Gadiya Group, Naupane Group, Rajesh hardware & Tibrewala Group.

 

AUTHORIZED AND PAID UP CAPITAL

The authorized capital of the Company is NRs. 215 crore. The promoters have contributed 70% of this, amounting to NRs. 150.50 Crore whereas the other Nepalese Citizens are to contribute remaining 30% of this capital amounting to NRs. 64.50 Crore.

VISION

As the country turned into the globalization and diversification in the insurance sector, the Union life insurance company will supply all kinds of life insurance policy service as per the international standards level. It will develop and contribute to social as well as financial sectors towards making development of the nation .It will expand its networking in international market for providing maximum benefit to policyholders & stake holders.

MISSION

The mission of the company is to provide its customers with the range of different life insurance services that best meets their needs with total security, competitive rate of premiums, compensation and one-to-one service that treats the customer as an individual, not a number. Create resources and generate employment opportunities and developed saving habits of individuals for their financial stability and improvement of their living standard. Life insurance is not just a business, it is a social service as well.

OBJECTIVES OF THE COMPANY

The primary objective of the company is to carry on all life insurance business including the health insurance. The company is to provide qualitative life assurance services to its valued customer/policyholders by introduction of latest technology and new product. The Company would actively involve itself in mobilization of domestic savings. Meanwhile the long-term target of the life insurance company would be as given below.

i) To become one of the famous & giant life insurance company in Nepal in terms of premium income, no. of policy, bonus, profit & high rate of return to its stakeholders.
ii) To become highly professional insurance company by implementing the good corporate governance.

Website

https://kaamkura.com/business-directory/

Listing Tags

Union Life Insurance IPO

Address

44600

Next →

Business Directory Nepal: Find, Add and Grow Your Business

The time is being digital world; you can find the right business or service in Nepal is the fast and easy now. The Business Directory Nepal works for you to add your company in directory and promote in the world. You can also find your best fit company in this directory. It is free to add now. It works like an online telephone book where you can search for companies, shops, services and professionals. If you need a plumber in Kathmandu, a Hospital in Pokhara, or a travel agency in Chitwan or any city, a business directory provides you quick access to information.

Here, we will describe why a free business directory Nepal is important, how it support both customers and business owners, and how online businesses listing in this website. Such sites are shaping the future of commerce in the country.

We will also share the benefits of using a Kathmandu business Directory Nepal, popular search categories, and tips to make your business visible on the top business listing in Nepal.

What is a Business Directory ?

A Business Directory is like a phone book with details of services and products but it is available online. It contains the list of business in Nepal with details of following information:

• Company Name
• Address
• Contact Number
• Email and Website
• Business Category (Restaurant, hotel, hospital,, IT company etc)
• Detail of Your company with products and services.

The number of internet users are increasing day by day. People are using google and social media to find the business and services. They are using online business directory Nepal. Thus, it makes you reach local and international customers to connect with Nepali companies to growth the businesses.

Why Use a Free Business Directory Nepal?

A free Business Directory Nepal supports for everyone. Customers can find businesses without spending money, and business owners can list their services for free. The major benefits are as follows:

1. Easy to use: It is easy to use because it is targeted only for Nepal.
2. Esay Search: Customers can directly search for the business or services online. It is easy to search and get relevant services free.
3. Save times: It saves time of business owners and customers. One search, you can get all information.
4. Wide Reach: Businesses get online visibility, which helps you attract more customers. It works as one page website for your business. It can share with anywhere.
5. Cost Effective Marketing: It is free listing to promote your business.
6. Trust and Credibility: Adding your business in the directory, it creates the trust and credibility among the customers and online world.    

Example: If you are owner of a restaurant in Kathmandu, list it in the Kathmandu Business Directory Nepal, it creates local reach highly.

Importance of an Online Business Directory Nepal

An online business directory Nepal is not only for big companies. It is also best for small and medium businesses, startups, freelancers and service providers.

If you want to get information or look for hospital, school or bank etc. You can check in to this website to get quick information.  

That is the real power of a Nepal company database which is important for all businesses.

Kathmandu Business Directory Nepal

Kathmandu Business Directory Nepal is under Kathmandu category in the website. Kathmandu is the big business hub in Nepal. Thus, it is important to see the list of companies. Here is some:

• Hotels and Restaurants
• Travel Agencies
• Banks and Financial Institutions
• Cooperatives
• Hospital and Clinics
• Educational Institutions
• Government Offices
• IT Companies and Freelancers

For example, tourists can use the Kathmandu business directory to find the best trekking agencies. Students can search for colleges. Families can look for hospitals. Entrepreneurs can look for suppliers.

Top Business Listing Sites in Nepal

If you search online for “top business listing sites in Nepal,” then you will get Kaamkura to showcase for the following company:

• Real estate companies
• Construction Services
• Automobile Dealers
• Online Shops and e-commerce businesses
• Beauty Salons and spas
• Event management services
• Educational institutions
• Public Companies

Telephone Directory Nepal – Old and New

In the past, telephone directory Nepal is the main source of business in Nepal to get the information. It takes more time to find the information. It is costly to use and maintain.

Today, telephone directories are digital and it is available online. People can get the required information with just for one click.

Nepal Company Database – Why it matters

Nepal Company Database is very important for entrepreneurs, investors and researchers. It is collection of business information from all over the country.

It helps to conduct market research, networking, job search and transparency in the business. It increased the trust and credibility in business.  

How to add Your Business to a free Business Directory Nepal

It’s easy to add in the free Business Directory Nepal. You need to follow the step by step process:

1. Go to the Kaamkura page
2. Sign up for free account. Your business should be in Nepal.
3. Fill in details like business name, address, phone number, email and website as well as good seo friendly services article at least 350 words.
4. Add categories
5. Upload photo and logo (Must be WebP format)
6. Submit and update regularly.

Conclusion

A Business Directory Nepal is more than just a list of contacts. It is a powerful tool that connects with customers and helps company growth. It is easy to use and searching faster and easier.

If you are looking for a Kathmandu business directory, a Nepal company database or list of businesses in Nepal. It is the best solution for you.  It is free to use and the best way to promote your business and services. For customers, they can save money, time and find trusted businesses.

Capital Market of Nepal: Business Directory Nepal