Himalayan’s Paid-up Capital Reaches 1.2 billion

November 5: Himalayan General Insurance Company’s paid up capital has reached Rs 1.2 billion. The Insurance Board has adopted a policy that commercial non-life insurance companies should have a paid up capital of Rs 1 billion. The board’s director informed that Himalayan has become the first non-life insurance company from Nepal to meet the paid up capital requirement set for the non-life insurance companies. The company said it will soon start its branches at Dhangdhi, Nepalgunj and Surkhet.