Introduction
Government of Nepal established Rastriya Beema Sansthan,
37 years ago as a pioneer professional Insurance Company
to contribute toward economic development of the nation
by doing non-life and life insurance business. Mobilization
of internal resources and capital, production of professional,
efficient insurance personnel, curbing outflow of foreign
currency were the main objectives of GON at that time. This
organization has never looked back since then. It has been
fulfilling the afore-said objectives since its inception.
RBS holds major share in the national insurance market :
it holds 65% of the total life insurance market and 35%
of the total non-life insurance market.
Establishment
RBS was established as a private company on 16th December,
1967 and lateron converted to corporation under the Rastriya
Beema Sansthan Act 2025 on 15th December, 1968.
General/non-life business
started functioning on 23rd February, 1968 whereas Life
business started functioning on 18th February, 1973.
Board of Directors
Seven members executive directors’ board with HMG’s majority
vote including the chairman is as follows:
Chairman, nominated by GON
Member, nominated by GON
Member, nominated by GON
Member, nominated by Nepal Rastra Bank
Member, nominated by Nepal Bank Limited
Member, elected by public shareholders
Administrator nominated by GON
The Administrator acts as a member of Board of Directors
as well as chief executive officer of the organization.
The Administrator is responsible for the daily functioning
of the organization as per Rastriya Beema Sansthan Act and
Regulations.
Capital Structure
Authorized Capital Rs. 10,00,00,000
Paid-up Capital
Non-Life Rs. 8,28,99,900
Life Rs. 93,00,000
