Nepal’s 14 licensed life insurance companies collectively hold NPR 759.6 Billion in legally mandated Life Insurance Fund (जीवन बीमा कोष) and over NPR 70 Billion in paid-up capital — invested under strict Nepal Insurance Authority (NIA) supervision. In F.Y. 2081/82 alone, these companies settled 302,659 claims worth NPR 78.98 Billion — addressing the most common concern every Nepali family has: “Will the company actually pay?”
Below is Beema Nepal’s independent review of all 14 companies — ranked by Life Fund size, Bonus Rate history, and Claim Settlement Ratio (CSR). Use our CSR tracker and Bonus Rate Tracker to compare individual company performance before buying.
All 14 Licensed Life Insurance Companies in Nepal
Nepal Life Insurance Company (NLIC)
Nepal’s largest private life insurer by Life Fund and policyholder count. Established 2058 BS.
LIC Nepal
Joint venture with Life Insurance Corporation of India. One of Nepal’s most trusted names. Est. 2058 BS.
National Life Insurance Nepal
Demerged from NLGI, Nepal’s first private insurer. Strong branch network across all provinces.
Himalayan Life Insurance
Post-merger entity: Prime Life + Gurans Life + Union Life. Merged in Baisakh 2080 BS.
SuryaJyoti Life Insurance
Merger of Surya Life + Jyoti Life. Known for fast-track claims processing. Est. Poush 2079 BS.
Sanima Reliance Life Insurance
Merger of Sanima Life + Reliance Life. Backed by Sanima Bank Group. Est. Chaitra 2079 BS.
Prabhu Mahalaxmi Life Insurance
Merger of Prabhu Life + Mahalaxmi Life. Backed by Prabhu Group. Est. Ashadh 2080 BS.
Asian Life Insurance
One of Nepal’s established mid-tier life insurers with competitive bonus rates.
Citizen Life Insurance
Focused on citizen-accessible products, strong in semi-urban and rural markets.
IME Life Insurance
Part of the IME Group. Strong remittance channel integration for NRN policyholders.
MetLife Nepal
Joint venture with MetLife International. Offers 360Health plans and international-grade underwriting.
Reliable Nepal Life Insurance
Younger insurer building its track record. IPO-listed and expanding branch network.
Sun Nepal Life Insurance
Mid-sized insurer with growing urban presence and competitive endowment products.
Rastriya Jeevan Beema Company
Nepal’s only state-owned life insurer. Demerged from RBS under Insurance Act 2079. Largest branch network.
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Not Sure Which Company Is Right for You?
Different companies excel at different products. One may have the highest bonus rate for 20-year endowment plans, while another offers the fastest claim turnaround.