Life Insurers’ Premium Income Rises 16.85%, IME and Prabhu Mahalaxmi Record Highest Growth
Kathmandu — Fourteen life insurance companies collected a total of Rs 57.52 billion in gross premiums during the first quarter of the current fiscal year mid-July to mid-October. (Shrawan to Ashoj,). This represents a 16.85 percent increase compared with the Rs 49.23 billion collected during the same period of the previous fiscal year 2025/26.
According to the data, 11 companies recorded premium growth of more than 10 percent, while eight posted growth exceeding 20 percent compared with the same period last fiscal year. Nepal Life, National Life, LIC Nepal, Himalayan Life and Rastriya Jeevan Beema Company ranked among the top insurers in terms of total premium collection.
However, growth rates show that newer insurers are expanding their business aggressively. IME Life Insurance recorded the highest growth, with premium income rising 43.20 percent from Rs 1.52 billion in the first quarter of the previous fiscal year to Rs 2.17 billion in the same period this year.
Similarly, Prabhu Mahalaxmi Life Insurance recorded a 31.41 percent increase, with premiums rising from Rs 1.40 billion to Rs 1.84 billion. National Life Insurance also posted strong growth of 29.51 percent, collecting Rs 7.36 billion compared with Rs 5.68 billion in the corresponding period last year.
Other insurers also reported increases in premium income. Reliable Nepal Life recorded growth of 27.07 percent, Sun Nepal Life 25.00 percent, Sanima Reliance Life 23.80 percent, Asian Life 22.60 percent, SuryaJyoti Life 22.03 percent, Himalayan Life 16.12 percent, Citizen Life 15.68 percent and MetLife 12.19 percent.
LIC Nepal recorded growth of 9.52 percent, Nepal Life 9.47 percent and state-owned Rastriya Jeevan Beema Company 6.61 percent.