Asian Life Insurance Company has got operating license as per Insurance Act 2049 from Beema Samiti (Insurance Regulatory Authority of Nepal)on 27th February,2008 ( Falgun 15, 2064) and started functioning on 3rd April, 2008 (Chaitra 21, 2064). The Authorized Capital of the Company is Rs. 5 billion. Out of which Rs. 2.01 billion is currently paid up. (70% by the promoter and the remaining 30% by the general public.) There are 93 promoters of the company: 2 institutional and the remaining 91 individual promoters. Among the institutional promoters, there are prominent finance and development banks of Nepal. Following are the major institutional promoters.