Kathmandu. Pravin Raman Parajuli, the Chief Executive Officer (CEO) of Nepal Life Insurance, has made false claims with misleading data that the company has paid Rs 122 trillion to the insured in its 25-year history.
In a 1 minute 26 second long video message, he said, “Namaste Nepal Life Insurance Company Limited has fulfilled the commitment of the organization to its insurers by making a payout of Rs 122 trillion in the history of 25 years till date. He has clarified this further, out of which there are three ‘Maturity’, ‘Survival’ and ‘Death Claim’. If you look at the payout of ‘Death Claim’ only, then the payout of ‘Death Claim’ of Rs 9.34 billion has been made by the organization. Which is the previous fiscal year 2082. I would like to inform that in terms of 83, it is 99.13 percent in terms of policy number.
He further said in a video message made public through the company’s official social network Tiktok, therefore, institutionally, the organization publishes these indices every quarter in a structure prescribed by the Insurance Authority of Nepal. I believe that the trust in the organization will be further unshakable only by knowing whether the information given or said about the organization from any other informal unorganized sector is in line with the organization or the indices of the organization.
Parajuli, while issuing a video message on behalf of the company, defended the company’s disgruntled agents and launched a campaign to get the insurance policies to surrender their policies. (Watch the video)
If his false claim is to be believed, then Nepal Life has paid the claim to the insured in 25 years. It means that the claim payment to the insured has been 6 times the annual budget of 84 years (Rs 2.124 trillion).
Parajuli did not respond to a request for comment.
The financial year of Nepal Life 2081. According to the audit report of 82, the company has paid a total of Rs 103 billion i.e. Rs 103 billion in claims till that year.
FY 2081 of Nepal Life Insurance. According to the audit report of FY 82, its life insurance fund is only Rs. 232.74 billion. This FY 2080. In the year 81, Rs. 195.07 billion was Rs. 195.07 billion. FY 2082. According to the unaudited financial statement of 83, the life insurance fund of the company has a total of Rs. 273.55 billion.
Sushil Dev Subedi, executive director of the Nepal Insurance Authority, said that regulatory action will be taken against anyone disseminating information or data misleading the public.
