Kathmandu. Senior Deputy Chief Executive Officer of Sun Nepal Life Insurance, Kavi Phuyal, has resigned. Phuyal, who is preparing to join another company Insurance, has resigned from his post.

Phuyal, however, did not disclose the reason for his resignation. According to sources, he has resigned from with effect from Friday.

It is understood that he is going to Himalayan Life Insurance company. However, Phuyal has not disclosed the matter.

However, according to sources, Phuyal decided to leave Sun Nepal Life after it was confirmed that he would go to Himalayan Life Insurance Insurance.

Kapil Dahal, CEO of Himalayan, has been suspended after a criminal case was filed against him. After this, the company had also sought an application for the appointment of a new CEO. However, the process of appointment has been stopped after a writ petition was filed in the court.