Surya Life Insurance Co. Ltd. has been established and registered under Company Act 2063B.S.(Regd. No. 1006/063-64) and Insurance Act 2049 as a Public Limited Co. and was issued a license to operate Life Insurance Business on 2064/12/06(19th March’08)The authorized capital of the Company is NRs 50 crore and Issued and Paid up Capital is NRs 50 crore. The promoters have contributed 70% of this,amounting to NRs.35 Crore whereas the other Nepalese Citizens contributed remaining 30% of this capital amounting to NRs.15 Crore.
The Company has made reinsurance arrangement with SCOR Global Life Reinsurance Co. of Paris (France).