Sun Nepal Life Upgraded to ‘Triple B Plus’ Rating
Kathmandu – Sun Nepal Life Insurance Company Limited has received an upgraded credit rating of ‘Triple B Plus (BBB+)’ from Care Ratings Nepal Limited (CRNL), signaling stronger financial credibility and claim-paying capacity.
CRNL cited the company’s consistent premium growth, sound claims management, and improving underwriting performance as key reasons behind the upgrade. The company’s increased paid-up capital, safe investment portfolio, and strong solvency ratio have also contributed to its improved financial standing.
In the fiscal year 2081/82, Sun Nepal Life adopted a comprehensive reinsurance structure in line with the Reinsurance Directive 2080, transferring risks to Nepal Reinsurance Company and Himalayan Reinsurance Company.
The company’s board of directors, chaired by Anju Kayal, and CEO Rajkumar Aryal lead operations backed by promoters from the Kayal, K.C., and Rungta groups.
As of Ashar 2082 BS, the insurer operates 49 branches and 99 sub-branches across 70 districts, supported by over 40,000 agents. Established in 2064 BS and licensed in 2074 BS, Sun Nepal Life now holds an asset base of Rs. 18.2 billion, marking continued growth in Nepal’s life insurance sector.
