Kathmandu. Nepal’s insurance sector is not only a financial service provider but also an important medium of social transformation. In this journey of change, Asian Life Insurance Company Limited has been building its unique identity by focusing on women’s participation and leadership development.
The role of women in Asian Life Insurance is not limited to slogans or formalities. According to the 17th Annual Report, 35 percent of the workforce working in Asian Life are women. This participation is a direct result of the company’s HR policy and inclusive management culture. This is higher than the average female participation in insurance companies in Nepal.
Asian Life Insurance has not only provided opportunities but also leadership to women. According to the details published on the company’s website, 5 of the key departments in the central office have women employees as the head of the department.
Major departments with women’s leadership:
1) Department of Personnel Administration
2) Internal Audit Department
3) Information Technology (IT) Department
4) Department of Insurance Services
5) Debt Recovery Department
These departments are directly linked to the company’s good governance, technology, service quality and risk management. Looking at the work experience and educational background of these women employees in the leadership, they seem mature in both respects. Looking at the educational background, some of them have educational qualifications up to master’s level in two different subjects. Apart from this, in terms of work experience, they have enough experience of working in important departments for 10 to 15 years.
Since most of them are former employees of Asian Life Insurance, the company seems to have adopted a policy of developing leadership skills from within the organization rather than bringing in external manpower. Moreover, having women leaders in key departments of insurance companies is a clear testimony to the company’s competency-based and future-oriented thinking.
Institutional Strengthening Added by Women’s Leadership:
Women’s leadership has also strengthened balance, transparency and accountability in decision-making. From service delivery to internal control systems, women’s active role is helping to make Asian Life a more credible and sustainable organization.
Social Responsibility and Sustainability Commitments
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Women’s empowerment seems to be an important part of Asian Life Insurance’s social responsibility. By providing employment, income, and leadership development opportunities, the company is contributing to financially empowering not only its employees and agents, but also their families and communities.
Reliable Insurance, Inclusive Future
Today, Asian Life Insurance Company (LIC) is making a difference in the insurance sector by presenting an exemplary practice in women’s participation and leadership development.
With an inclusive mindset, competent human resources and a long-term vision, Asian Life has become your trusted partner in safeguarding the future.
