Professional Educators and Nepal Life Insurance Company have signed an equity investment agreement in line with the broader concept of institutional development.

The agreement was signed by Khagendra Prasad Ojha, chairman of Professional Educators and Pravin Raman Parajuli, CEO of Nepal Life Insurance Company, on Sunday.

The institutional collaboration marks a milestone in Nepal’s educational arena, being the first of its kind in the investment sector, the company claimed.

Through educational promotion initiatives and new experiments, Professional Educators aims to establish a sustainable institutional structure in the education sector as it moves forward, the company said in a statement.