3. Service (Insurance & Financial) Sector (with STC Investment): With aim of providing STC service to general public through cooperatives it has invested in finance and insurance sector.

i. Sagarmatha Insurance Co. Limited: Incorporated in 1996, Sagarmatha Insurance Co Ltd is a joint venture company. The main objective of the company is to provide a wide range of covers against physical damage/losses. These include fire insurance, consequential loss insurance, theft insurance, motor insurance, contractors all risks insurance, marine insurance, machinery/plant/equipment and CPM/EAR insurance and machinery breakdown insurance.

ii. Narayani National Finance Limited: Narayani National Finance Limited has a very unique identity in financial sector of Nepal. It was formed after merger of Narayani Finance Ltd and National Finance Ltd. This company has already upgraded to the modern banking Centralized Data Based System. It has recently launched ATM card. The company had very successful 17 years of history in finance sector in Nepal.