Insurance Sector Emerges as a Growing Employer, Coverage Surpasses 50%

Kathmandu — Nepal’s insurance industry is increasingly positioning itself as a strong source of employment. In recent years, the sector has attracted a growing workforce, with more than 12,000 people now directly employed across life, non-life, and micro-insurance companies. Competitive benefits, incentive programs, and ongoing professional development opportunities have made the field especially appealing to younger job seekers as well as individuals from diverse backgrounds.

Data published by the Nepal Insurance Authority shows that, as of mid-April 2026, a total of 12,394 employees were working across 37 active insurance companies. Of these, 6,099 are employed in life insurance companies and 6,295 in non-life insurance companies.

For comparison, during the same period in the previous fiscal year, the sector employed 12,091 people; 6,055 in life insurance and 6,036 in non-life insurance.

To support this expanding market, insurance companies have been rapidly growing their branch networks. By the third quarter of the current fiscal year, the number of provincial offices, branches, and sub-branches had reached 2,998. This includes 1,841 branches operated by life insurance companies and 1,157 by non-life insurers.

The Insurance Authority’s review further shows a notable rise in overall insurance coverage, including term and micro-term life policies. The share of the population covered by insurance has increased from 44.64% during the same period last year to 50.31% this year.
The government has also placed greater emphasis on the role of insurance. As economic conditions improve and public awareness of financial planning grows, more people across the country are turning to both life and non-life insurance products.