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News
Update
A New Beginning
Siddhartha Insurance Limited was established in 1st Baisakh 2063, by prominent and leading industrialists & business houses of Nepal with a mission to provide protection and financial security of the highest quality in the field of non-life insurance services to various segment of the society. In a short span of time we are able to win our customers trust and succeed to open four branches. We remain ever grateful for your great support and patronage shown towards us. We want to grow fast by delivering the best possible services to our valued customers.
You will experience- SECURITY IN A TRUE SENSE with us.
SIL NEWS
1ST AGM of the company held
The company's 1 st Annual General Meeting was held at Soaltee Hotel Kathmandu on 5th January 2007. Company's Chairperson Mr. Manoj Kumar Kedia announced that the premium collection was Rs 8.09 million during its 3 months of operation. Company has able to earn a profit of Rs 301,000 during the period. All the promoters of the company participated in the program.
The AGM also approved the financial statements of FY 2062/63. Company has projected to post Rs 60 million premiums in FY 2063/64 while the total premium achieved during the FY stood at Rs 68.85 millions
The company has issued 15% shares to Siddhartha Bank Ltd. and rest 25% share is going to issue for public by second week of Bhadra 2064 out of its Rs 100 million as Paid-Up capital.
Branch Opening
1. Birgunj Branch:
SIL opened its first branch in Adarsanager, Birgunj, dated 2063/04/01 with a view to provide its tailor made services. Mr. Munindra Kumar Thakur is the Branch Manger of this branch.
2. Biratnagar Branch:
In a bid to expand its physical presence in various parts of the country, SIL opened its second branch in Himalaya Road, Biratnagar, dated 2063/05/01. Mr. Deepak Dhoot currently looks after the branch as Branch Manager.
3. Bhairahawa Branch:
Considering a new emerging industrial area and growing economic activity SIL decided to open its third branch in Milanchowk, Bhairahawa, dated 2063/06/01. Mr Mahendra Kumar Shrestha is the Branch Manger.
4. Butwal Branch:
SIL opened its fourth branch in MilanChowk, Butwal dated 2064/04/01 with aim to expand its insurance business in various part of the country. Mr. Yam Prasad Tiwari is the Branch Manager.
Social activities of Siddhartha Insurance
SIL has been constantly involved in social activities as part of its obligation towards society.
.:. Participated in the Walkathone Programme organized by Nepal Insurance Professional Society on the occasion of Earthquake day on 2063/1012.
.:. Sponsorship of accidental insurance and medical benefits for the team members and co-workers for Rs 300,000 and 50,000 Per Person respectively of Lions-NTV Everest Expedition.
.:. Participation in the City Rally to celebrate the success of Lions-NTV Everest Expedition on 2064/02/02.
Management Lesson
After completing the race, the rabbit and the tortoise take their own way. After a few months, the forest is inundated by the lava of a nearby volcano. Running for its survival, the rabbit comes across the tortoise. Pitying the tortoise, the rabbit decides to carry him and runs towards a safer place.
But they soon come across a river. Both of them get trapped, there is lava behind and a river ahead. Now the tortoise asks the rabbit to sit on his back and takes him to the other side of the river. Both survive the disaster
LESSON: Don’t have a myopic vision about your competitors; they can be cooperative in difficult situations.
Source: New Business Age, January 2007
HR Development
1. Mr. Birendra Baidawar, Senior Manager participated in 'Insurance Supervision Workshop' conducted by Office of the Superintendent of Financial Institutions (OSFI), Canada from 8th Jan 2007 to 11 th Jan 2007 at Hotel Hyatt Regency.
2. Mr. S.K. Tamot, General Manager, and Mr. Birendra Baidawar, Senior Manager, participated in 'Seminar on Hydro Power Project Insurance' from 7th to 8th June, 2007 jointly conducted by GIC India, J.B. Boda & Co. and Nepal Insurance Association.
3. Mr. Yogesh Kumar Shrestha, Sr. Manager participated in 1 day workshop program on Income Tax, VAT and Accounting system organized by "IMPS".
4. Ms. Preety Baniya, Administrative Assistant, participated in 'Office Management Training' conducted by Beema Samiti from 15th to 18th May 2006.
Powerful Thoughts
For a wise person, failure is not falling down but staying down. Failure is not the end of dreams; it is only the beginning. Failure teaches success if you are open to new ideas and consider failures to be stepping-stones to success. A person can fail many times, but s/he is not a real failure until s/he begins to blame someone else.
Treat everybody with politeness, even those who are rude to you. Remember that you show courtesy to others not because they are smart but because you are one.
Never loose your self-respect because if you lose it, you have lost all. One, who cannot respect himself, cannot expect to be respected by others.
Source: "Born to Win" by Pramod Batra
Finally
Characteristics of a Winner, they have: A presence, charisma, enthusiasm, they look and feel confident, are always well turned out and have a positive attitude.
-Quote from 'A Winning Attitude Book' |
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