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Reliance Life Insurance Limited is promoted by Siddhartha Bank Limited and other renowned Business Houses. It’s Issued Capital is NPR 2.10 billion and Paid up Capital is NPR 1.47 billion. The gap of NPR 63 Crores will be met by public issue (IPO) in due course of time. This is one of the new life insurance companies in Nepal and started its operation from 1st of Mangsir, 2074 (17th November 2017).