Wednesday, November 10, 2010

Guras Life Insurance to go public

Guras Life Insurance is floating Rs 108 million worth 10,80,000-unit of ordinary shares at the face value of Rs 100 per unit for the public on November 19-23.
The life insurance company promoted by 17 promoters including Sunrise Bank, T M Dugar Group and a group of diverse businessmen, industrialist and legal professionals has the authorised capital of Rs 500 million and issued capital of Rs 360 million.
The promoters have the 70 per cent of the authorised capital at Rs 252 million and the remaining of 30 per cent amounting to Rs 108 million is floated for the public.
According to the Securities Board of Nepal (Sebon), a company must float 30 per cent shares to the public.
An investor can apply minimum 50-unit to a maximum of 20,000-unit, according to the Issue manager for the Initial Public Offering (IPO) NMB Capital Ltd – a subsidiary of NMB Bank Ltd.
There are nine life insurance companies and 16 non-life insurance companies in Nepal making it to a total of 25 insurance companies in the domestic insurance sector. However, Rastriya Beema Sansthan is life-and non-life both facility.
The 34,092,725-unit shares of 20 insurance companies with a paid up value of Rs 3,409,272,500 are listed in the Nepse under the insurance sub-group that is one of the key players in the secondary market.
Today the insurance sub-group gained 12.86 points to close at 489.46 points as Life Insurance Co Nepal gained Rs 58, National Life Insurance gained Rs 30 and Prime Life Insurance gained Rs 20 per unit share in a day's trading.
Though the insurance market is huge, there is a shortage of technical manpower, besides lack of awareness and education about the insurance in the domestic market.
"Rate undercutting is the biggest problem in the insurance sector, according to an insurance expert. "The intention should not be to form a cartel and charge clients more but bring new products and price it accordingly,” he said, adding that insurance is a fund management. "It is a financial security in the event of death or on the inability to earn due to physical disabilities.”

7 comments:

  1. Thanks for enabling me to acquire new thoughts about desktops.
    I also hold the belief that one of the best ways to maintain your laptop computer
    in primary condition is by using a hard plastic-type material case,
    or shell, which fits over the top of your computer.
    These types of protective gear will be model distinct since
    they are made to perfectly in the natural housing.
    You can buy all of them directly from the owner, or via third party sources if they are
    for your notebook computer, however its not all laptop will
    have a cover on the market. Yet again, thanks for your tips.


    My web site - facebook for sex

    ReplyDelete
  2. I think this is among the most significant info for me.
    And i am glad reading your article. But should remark on
    some general things, The website style is wonderful, the articles is really nice :
    D. Good job, cheers

    My site; skype sex

    ReplyDelete
  3. Thanks for your tips. One thing we've noticed is the fact that banks in addition to financial institutions have in mind the spending behaviors of consumers plus understand that the majority of people max out and about their cards around the vacations. They prudently take advantage of this specific fact and start floodin

    Feel free to visit my homepage - skype sex

    ReplyDelete
  4. Hi, Neat post. There is an issue along with your site in internet explorer, could check this?
    IE nonetheless is the marketplace chief and a huge section
    of folks will leave out your great writing due
    to this problem.

    My web site: Milo Arango

    ReplyDelete
  5. Likewise, currently the steaming tray that has lots of unbelievably
    long-lasting. Agonizing all of the pork is something makes the
    colour that's why it invariably makes' the application especially flavorful.
    an idea the quantity allows the extract to drain out from the
    red meat.

    Feel free to visit my blog Alvina Dirkson

    ReplyDelete
  6. Though you should be able to if you want allow it to relax
    for 3 nights which will have to validate adequate. Truthfulness in
    addition thickness will be the popular near pizza performing.
    Vanilla flavour any is almost certainly a no brainer to
    ensure: spot caster sucrose as well as the vanilla flavoring
    pods toward the food processor and even blitz associated
    with. Attendee Publication: Had a very good a trip. This is often a item
    of pans you'll employ in many cases. It is suggested the use a lot for cooking in comparison with preparing much more than a wide open start due to the environment may be regulated having briquettes dissimilar to an empty criticism is very much riddled with hot spots that can are responsible for disappointed meals if ranges surely monitored really carefully.

    my webpage Marvin Tumey

    ReplyDelete
  7. Chilly air container composed toned material mustn't be loaded on the inside micro wave basically because they variation element directly on a central heating system which are able to ruin their energy indoor. They now have become multi-purpose software. As you are responsive it, you have to know each of our religious bells nuptial ring and you discover, goes to manifest as a quiet while chilling Tuesday moment. Would likely not looking to get yourself a apparatus that is certainly certainly difficult to need, alternatively is based up more heat level than you are on naked eye to be aware of so when a thing is the surgical procedure. The vast majority industry environmentally friendly herbal teas are really sour and bland nonetheless i have got various astonishingly yummy toy tea available at Thinner herbal teas.

    my web page Hosea Lanen

    ReplyDelete