Asian Life’s ‘A’ Rating Reaffirmed, Financial Strength Supports Claims Payments

Kathmandu — Infomerics Credit Rating Nepal Limited has reaffirmed Asian Life Insurance Company’s issuer rating of ‘IRN A’, citing the company’s adequate capacity to meet its financial obligations on time. An ‘A’ rating indicates adequate safety in meeting financial obligations, with the institution considered to have relatively low credit risk.

The reaffirmation is supported by improvements in the company’s financial and business performance, growth in new business premiums, continued improvement in renewal premiums, and the expansion and diversification of its investment portfolio. The company has also strengthened its market position and attracted new customers through its business expansion strategies.

The continued growth in renewal premiums has been viewed as a positive indicator of business stability, while the expansion and diversification of its investment portfolio have strengthened its ability to mobilize and deploy financial resources.

Established in 2008, Asian Life is one of Nepal’s older life insurers, with more than 18 years of operating experience. The company has navigated various environmental, industrial and political changes over the years and has continued to adapt its business accordingly. Its experienced management and professional workforce have also been identified as strengths.

The company has a broad geographical presence across all seven provinces. As of fiscal year 2025/26, it operated 51 branches and 77 sub-branches, with services reaching 74 districts. This network has helped expand its access to policyholders and customers across the country.

Asian Life has around 29,291 individual agents and four institutional agents. The company’s extensive agency network has played an important role in expanding insurance services and attracting new customers.

The company’s ownership structure comprises 51 percent promoter shares and 49 percent public shares. Major promoters include Rajesh Lal Shrestha, Ratna Devi Shrestha and Rukmini Basnet, among others.

The rating assessment also noted that the company has adequate reinsurance arrangements. Asian Life maintains a retention limit of around NPR 400,000 per policy for relatively low-risk business and has reinsurance coverage for catastrophic risks. This arrangement is expected to help reduce the financial impact of large claims arising from major disasters.

The company’s policyholder fund has also strengthened. As of mid-April 2026, the fund stood at around NPR 52 billion, up from approximately NPR 47 billion in fiscal year 2024/25. The catastrophe reserve also increased to around NPR 3.22 billion from approximately NPR 2.87 billion a year earlier, further strengthening the company’s financial capacity to meet claims and other obligations.