Banking Khabar/ Just a week after leaving Sun Nepal Life Insurance Company, Kabi Phuyal has joined the senior management of Himalayan Life Insurance Company. According to published reports, he has been appointed as the Senior Deputy Chief Executive Officer (Senior DCEO) of Himalayan Life.
According to the available details, Phuyal’s appointment is effective from Asoj 26. He was previously serving as the Senior Deputy Chief Executive Officer at Sun Nepal Life Insurance. His resignation from the company had drawn attention to his next professional move in the life insurance sector.
Phuyal has extensive experience in the insurance industry. He previously served as the Chief Executive Officer (CEO) of IME Life Insurance Company, where he led the company for approximately four years before joining Sun Nepal Life.
Having held various management positions in the insurance sector, Phuyal has gained experience in business expansion, market strategy and insurance agent mobilization. His experience is expected to contribute to Himalayan Life’s business strategy and management.
Himalayan Life Insurance, formed through the merger of Prime Life, Gurans Life and Union Life Insurance, is an established player in Nepal’s life insurance sector. As an integrated institution, the company faces the ongoing priorities of expanding its market presence, improving service delivery and strengthening organizational management.
Amid growing competition in the life insurance industry, the appointment of an experienced executive is being viewed in the context of the company’s future business plans. However, the exact position, effective date and scope of Phuyal’s responsibilities should be verified through an official company announcement.
