Prabhu Mahalaxmi Life Insurance Limited

About

Prabhu Mahalaxmi Life Insurance emerged from the merger of two previously independent life-insurance companies Prabhu Life Insurance Limited and Mahalaxmi Life Insurance Limited combining their strengths to meet the increased regulatory capital requirements set by the insurance regulator. Since beginning joint operations in mid-2023, PMLI has positioned itself as a significant player in Nepal’s life-insurance sector, offering a broad and diversified portfolio of life-insurance products including term-life policies, endowment plans, child savings plans, and pension-type products, catering to individuals across income levels. In its mission statement, PMLI emphasizes delivering “comprehensive and innovative life insurance solutions” aimed at providing financial security, long-term savings, and protection for families and individuals. By consolidating the resources, distribution networks, and experience of its predecessor firms, the company has rapidly expanded its footprint: as of now it operates through dozens of branches and agents across Nepal, aiming to make life insurance accessible beyond major cities. Financially, PMLI is publicly traded on the Nepal Stock Exchange (NEPSE) under the ticker symbol “PMLI.” As of the most recent data, the company’s share metrics reflect a paid-up capital of NPR 5,103,648,000 with over 51 million shares outstanding.The company’s latest published result (for fiscal year 2081/82) shows a net profit of NPR 370.74 million evidence of operational scale and improved financial health post-merger. Among its popular offerings is the “Super Surakshit Beema” plan, which is reportedly among the best-selling products, valued for its combination of life protection, savings benefit, optional critical-illness coverage, and flexibility in premium payment terms.Given Nepal’s growing awareness about financial security and life insurance, PMLI aims to leverage its consolidated strength combining regulatory compliance, broader capital base, and diversified product lineup to become a preferred life-insurance provider for households nationwide. Its strategy appears to emphasize both protection (insurance) and long-term savings/investment benefits, making it relevant for a wide demographic, including salaried workers, business owners, and middle-class families.