The second private company allowed to issue life insurance in Nepal opened shop last week. The Nepal Life and Insurance Company?a fully Nepali venture?does general life insurance in addition to other regular services. The authorised capital of the new company is Rs 250 million, and shares for 20 percent of this will be sold to the general public. The company plans to sell 10,000 insurance policies this year, and is aiming at achieving 100,000 annual policy-sales by the end of five years.