Kathmandu. IME Life Insurance Company has upgraded its Equity Rating. Care Rating Nepal has upgraded the company from CARE NP BBB Plus to CARE NP A MINUS.

The upgrade is a testimony to the company’s strong financial position, effective risk management, improved business performance, commitment to good governance and continued trust among the insured and stakeholders. The CARE-NPA minus rating indicates that the company has sufficient capacity to meet its financial obligations on time and is established as an even better organization than the previous valuation.

The company management has stated that this upgrade was the result of the trust, cooperation and commitment of all stakeholders and pledged to further strengthen customer service, corporate governance, innovation and long-term financial stability in the days ahead.

The company has been providing various life insurance policies with the objective of ensuring financial security, savings and future for individuals and families through life insurance.

The company, which has been providing its services through a nationwide branch network, sub-branches and thousands of agents, has been expanding the reach of life insurance to different communities of the country. The insurance company has made a mark in the insurance sector of Nepal through its customer-centric services, use of digital technology, responsible portfolio management and innovative insurance solutions.

IME Life has been providing various social responsibility programs in the areas of health, education, financial literacy, community development and social upliftment. The company has been actively participating in various social campaigns aimed at bringing positive change in the society.