LIC Nepal Receives ‘A Plus’ Rating from ICRA Nepal

Kathmandu – Life Insurance Corporation (Nepal) Limited (LIC Nepal) has received an upgraded rating from ICRA Nepal, elevating its previous ‘A’ rating to ‘A Plus’. This development, announced in a statement from ICRA Nepal on October 30, underscores the improved financial stability and enhanced management strength of the company.

The upgraded rating reflects LIC Nepal’s commitment to financial robustness, reassuring customers, investors, and stakeholders of its stable and reliable position in Nepal’s life insurance sector. The rating improvement is a key indicator of the company’s enhanced capacity to meet policyholders’ and investors’ expectations, positioning it as a trusted player within the insurance industry.