Himalayan Life Insurance Receives ‘A Plus’ Issuer Rating from Infomerics
Kathmandu – Himalayan Life Insurance Limited has been awarded an ‘A Plus’ Issuer Rating (IRN A+ (IS)) by Infomerics Credit Rating Nepal Limited, reflecting the company’s strong financial fundamentals and low credit risk. Entities with this rating are regarded as having sufficient capacity to meet financial obligations on time.
The rating was determined based on key factors such as the insurer’s capital strength, experienced leadership, expanding market presence, and its solid underwriting and risk management capabilities.
Formed through the merger of three prominent life insurance companies—Prime Life Insurance (established in 2064 BS), Gurans Life Insurance (2065 BS), and Union Life Insurance (2074 BS)—Himalayan Life Insurance officially came into existence in Jestha 2080 BS. The consolidation has significantly boosted the company’s capital base, asset portfolio, and national footprint, positioning it among Nepal’s largest life insurers.
The company’s solvency ratio stands at 3.86 times, far exceeding the regulatory minimum of 1.3 times set by the Nepal Insurance Authority. This indicates strong risk-bearing capacity. Its reinsurance management also remains sound, with a maximum risk retention of only Rs 5 lakh per policy and dedicated reinsurance arrangements for natural catastrophe coverage.
Promoted by Lakshmi Sunrise Bank Limited and backed by respected business houses such as the Shankar Group, the company boasts a diverse and experienced management team. Key promoters include Lakshmi Bank Limited, Rajendra Khaitan, Pooja Agarwal Khaitan, and Vivek Dugad. The shareholding structure is divided between 51% promoter and 49% general shareholders.
Currently, Himalayan Life Insurance operates 209 branches across all seven provinces—84 main branches and 125 sub-branches. Its expansive distribution network includes 129 corporate agencies and 163,394 individual agents as of mid-April 2025, ensuring nationwide access to its insurance products.