Sun Nepal Life Insurance Marks Eighth Anniversary, Commits to Stronger Services and Investor Returns
Kathmandu — Sun Nepal Life Insurance Company Limited has completed eight years of service in Nepal’s insurance sector, reaffirming its commitment to deliver enhanced benefits for policyholders and greater value for investors. The company, which officially commenced operations on Ashoj 6, 2074 BS, marked its eighth anniversary today with pledges to expand state-of-the-art and reliable life insurance services across the country.
Chief Executive Officer Raj Kumar Aryal highlighted the company’s growing financial strength and outreach. “Sun Nepal Life Insurance has been serving even the most remote parts of Nepal for nearly a decade, introducing innovative policies and rider services tailored to the needs of ordinary citizens,” Aryal said. He noted that Sun Medcare, one of the company’s flagship rider facilities, has been widely recognized as a benchmark in the domestic life insurance industry.
Currently, Sun Nepal Life operates through 146 offices nationwide, supported by 362 employees and 40,976 agents. The company’s paid-up capital stands at Rs 5.31 billion, with a reserve fund of Rs 2.23 billion and a life insurance fund of Rs 10.10 billion. Its net worth is Rs 154.35 per share, reflecting increasing risk-bearing capacity and sustainable growth.
The company’s leadership team includes Chairman Anuj Kayal and board members Kiran KC, Narayan Rungta, Shashank Agrawal, Anil Kumar Khanal, and Sneha Sharma. Alongside CEO Aryal, senior deputy CEO Kabir Phuyal, Chief Marketing Officer Ganesh Chaulagain, Chief Risk Officer Roshan Prasad Gyawali, and Chief Operating Officer Binod Sharma Poudel have played key roles in driving the company’s progress.
Sun Nepal Life Insurance expressed gratitude to its stakeholders, including regulators, policyholders, agents, and employees, for their role in shaping the company’s achievements over the past eight years. Looking ahead, the insurer pledged to strengthen its presence nationwide while ensuring more innovative and customer-focused services in the years to come.