Institutional Agency Of Insurance

Beside the normal banking activities, KIST has been doing other businesses in affiliation with other institutions. The Bank has obtained license from the Insurance Board to act as an institutional agency of insurance for both life and non-life insurance. For life insurance, KIST has been affiliated with ALICO and for non-life with Sagarmatha Insurance Co. Ltd.

American Life Insurance Company (ALICO) is one of the largest international financial service companies globally. Incorporated in Delaware USA in 1921, ALICO's branches and subsidiaries provide a wide range of wealth management, retirement planning, life and health insurance solutions delivering peace of mind to millions of individuals and corporate customers around the world. ALICO conducts business in more than 55 countries and regions, including Japan, Western, Central and Eastern Europe, the Middle East, South Asia, Latin America and the Caribbean.

Sagarmatha Insurance Company is one of the leading insurance company of Nepal. The company was established as joint venture with Cylinco Insurance Company of Srilanka. The company provides all kind of general insurance services such as marine insurance, motor insurance, fire insurance, personal accident insurance etc.

Prudential Insurance Company

Prudential Insurance Company has a suitable reinsurance protection from a consortium of reinsures of first class security as rated by the internationally accredited rating agencies like A.M. Best. The company gives its customers a measure of confidence int he company's ability to meet its obligations in regard to settlement of claims, particularly the large one.