Last updated on June 7th, 2021 at 11:01 am
Pravin Raman Parajuli
Chief Executive Officer
Mr. Pravin Raman Parajuli, CEO, Reliance Life Insurance Ltd. (Company) has been associated with the Company since inception.
Mr. Parajuli started his professional career with NMB Bank Ltd. wherein he headed the Merchant Banking Unit. He played an instrumental role in maintaining the leadership position of the Unit as one of the leading Merchant Bankers in the country and was further able to multiply the profitability of the Unit six folds till the date of his association with a total tenure of association being approximately 6 years.
Mr. Parajuli then joined Nabil Bank Ltd., the first Private Joint Venture Bank & the Bank positioned as No 1 in terms of Net Profitability & Other Major Indicators amongst all commercial banks in the country. In his initial days, he was associated with the Treasury Unit wherein he was instrumental in bringing in the whole-selling concept for bullion and establishing Nabil Bank as a Whole-seller cum Supplier of bullion for 14 commercial banks of the country. He was then deputed as the CEO of Nabil Investment Banking Ltd., a subsidiary of Nabil Bank for rendering Investment-Banking services. He played an instrumental role in its inception, licensing, policy & vision formulation, team building, branding etc. which established the company as one of the leading Investment Bankers of the country in terms of product lines, service delivery & profitability over a period of 8.5 years of his association.
Mr. Parajuli was unanimously appointed as the Former Chairman of Merchant Bankers Association of Nepal (MBAN) for two terms wherein he played a crucial role in establishing its stature with the apex regulator of the capital market – Securities Board of Nepal and contributed substantially for the development of capital market of the country.
Mr. Parajuli was also a member of multi-stakeholder Advisory Panel of International Finance Corporation (IFC) to advise, guide & strengthen the study that provided an independent perspective and advise on emerging issues related to local shares issuance of hydropower companies and was also appointed as an Independent Expert for preparing a Fund Management Manual for Hydroelectricity Investment & Development Company Ltd. (HIDCL- promoted by Government of Nepal). He also acts as a Resource Person for trainings/seminars/guest lecture to impart knowledge with stakeholders. In addition, he is also a regular blood donor.
Mr. Parajuli holds a M.B.A. degree in Finance from Kathmandu University School of Management (KUSOM).
Date of Appointment: 28/December/2017
Mr. Nirajan Kandel has been in the Financial Services Industry for about 14 years. Before joining Reliance Life Insurance as Deputy CEO he has been in banking for 12 years. Mr. Nirajan joined reliance life from its inception day.
He has spent 8 years at Standard Chartered Bank Nepal Limited. During his career at Standard Chartered, he has worked in different capacities from Business Planning Manager to Branch Manager. When he left the bank he was part of the Wealth Management unit and he has been instrumental in leveraging wealth management unit of Standard Chartered Bank Nepal. While working as Branch Manager, he was given additional responsibility to drive digital channel for the entire country as “Country Digital Champion”. He was also one of the high performers at SCB.
Mr. Nirajan has worked at Citizens Bank International Limited and Siddhartha Bank Limited before joining SCB. He has headed Remittance unit of the bank, worked in Corporate Banking as Relationship Manager and also led one of the branches as a Branch Manager. His initial banking career started from Siddhartha Bank in 2006.
Mr. Nirajan has published numerous articles on banking, wealth management, leadership, and SME funding. He is also one of the trainers at the National Banking Institute (NBI).
He holds a professional qualification, ACCA and Master’s in Business.
Chief HR Officer
Mr. Sandeep Singh is the Head of Human Resources Department at Reliance Life Insurance Limited. He has over 10 years of experience in the field of Human Resources. Previously he was associated with Himalayan Bank Ltd.
Gyan Bahadur Rayamajhi
Chief Operating Officer
Mr. Gyan Bahadur Rayamajhi is the Chief Operating Officer (COO) of Reliance Life Insurance Ltd. He was previously working at MetLife Nepal. He has over 11 years of experience in the life insurance sector. He is a Fellow, Life Management Institute (FLMI).
Surya Prakash Gupta
Head -Agency Sales
Mr. Surya Prakash Gupta is the Head-Agency Sales of Reliance Life Insurance Ltd.
He was previously working at the Prime Life and Surya Life Insurance. He has over 11 years of experience in the Life Insurance Industry. He was previously involved in manufacturing and audit firm for over 3 years in total.
Mr. Gupta holds Masters of Business Studies and LLB Degree from Tribhuwan University.
CA Sujeep Shrestha
A post graduate in Business Studies and a qualified Chartered Accountant from institute of Chartered Accountants of Nepal holds experience of more than seven years of managing large funds as well as accounting, auditing and consulting in leading companies in Nepal. He is an active member of ICAN, ACAN. Has attended training on Diploma in IFRS course conducted by Grant Thronton India, LLP. Has attended training on Information System Audit conducted by ICAN
Has attended residential training on Reinsurance and Accounting conducted by renowned insurance brokers namely J.B BODA Reinsurance Brokers Pvt Ltd , Mumbai and KM Dastur Reinsurance Brokers Pvt Ltd, Mumbai along with various training programs organized by ICAN, MAN, BEEMA SAMITI etc on subjects like banking, insurance, taxation etc.
He was Actively Involved in Joint Collaboration with PWC India for Financial Sector Review Program for Insurance Companies as conducted by Insurance Board and DFID.Earlier he served in the Managerial position in Finance Department of Shikhar Insurance Co.Ltd.. He also holds rich experience in coordinating the weather based Apple insurance program in Jumla District under Sakchyam project (under DFID program) of Louis Berger. He completed his CA Articleship from CSC & Co; Chartered Accountants, one of the leading Audit Firm of Nepal with International, the then affiliation of PriceWaterHouseCoopers.
Head -Agency Sales
Mr.Sandeep Kasaju has over 15 years of working experience in the Derivative Exchange & Life Insurance Industry. He is a MBA Degree Holder. Mr. Kasaju is TOT holder and has completed 4 papers of LOMA Certification.
Head- Agency Distribution
He joined Reliance Life Insurance as Head of Agency Distribution Services Department from inception. Before joining Reliance Life, He was associated with MetLife, a Multinational Insurance Company. He has nearly 14 years of working experience in Insurance industry in various roles. Mr. Shrestha hold a M.B.S. (Master’s in Business Studies) degree in Finance from Tribhuvan University (TU).
Sanjeev Kumar Singh
Mr.Sanjeev Kumar Singh has over 16 years of experience the Claim Department. He holds a Master’s Degree in Business Studies from Tribhuvan University. He has completed LOMA level 1 Insurance Fundamentals and has been awarded Customer Centricity Certificate of Appreciation from Met Life Nepal.
Ms.Muna Poudel has corporate legal practicing experience of more than 5 years in different corporate law house and companies. She has completed her LLM degree in international trade law, banking and insurance and business law from Kathmandu School of Law.