Life Insurers Collect NPR 14.31 Billion in August, Despite 8.21% Annual Decline

Kathmandu — Nepal’s 14 life insurance companies collected a combined NPR 14.32 billion in premiums in Bhadra, the second month of fiscal year 2026/27, according to data published by the Nepal Insurance Authority.

The total was 8.21% lower than the NPR 15.60 billion collected in the same month of fiscal year 2025/26. Despite the year-on-year decline, the sector’s performance came amid national mourning following the floods in the Bhotekoshi area.

Nepal Life Insurance led the sector in monthly premium collection, earning NPR 3.59 billion in Bhadra, up 2.78% from NPR 3.49 billion in the same month last year.

National Life Insurance ranked second, collecting NPR 1.95 billion, an increase of 24.06% from NPR 1.57 billion a year earlier.

Life Insurance Corporation Nepal ranked third, with premium collection of NPR 1.54 billion, up 13.49% from NPR 1.35 billion in the corresponding month last year.

Himalayan Life Insurance collected NPR 1.30 billion during the month, followed by SuryaJyoti Life Insurance with NPR 948.8 million, Citizen Life Insurance with NPR 739.5 million, Asian Life Insurance with NPR 713.1 million, and MetLife with NPR 590.2 million.

IME Life Insurance recorded a 39.45% increase in premium collection, reaching NPR 579.2 million in Bhadra, compared with NPR 415.3 million in the same month last year.

Sun Nepal Life Insurance also posted strong growth. Its premium collection rose 28.52% to NPR 310.2 million from NPR 241.4 million a year earlier.

Sanima Reliance Life Insurance collected NPR 567.4 million, while Reliable Nepal Life Insurance earned NPR 559.7 million during the month.

Prabhu Mahalaxmi Life Insurance collected NPR 517.7 million, while state-owned Rastriya Jeevan Beema Company earned NPR 421.9 million.

Although total monthly premiums declined year on year, several insurers recorded growth, with IME Life and Sun Nepal among the fastest-growing companies for which comparative figures were provided.