The Life Insurance Corporation (LIC) of India first came to Nepal in 2001, but is now considering setting up a reinsurance company and a mutual fund here. LIC wants to get together with General Insurance Corporation and also set up the first housing finance company in Nepal, according to media reports in India. Nepal could become the first overseas venture for LIC Mutual Fund and LIC Housing Finance for which it is partnering with Nepal's Vishal group. It also plans to expand its investments into Bangladesh, Bhutan and Sri Lanka.