First-Year Life Insurance Premiums Rise 22% to NPR 7.97 Billion in Two Months

Kathmandu — Nepal’s 14 life insurance companies collected NPR 7.97 billion in first-year premiums during the first two months of fiscal year 2026/27 (2083/84 BS), up 21.82% from NPR 6.54 billion in the same period of 2025/26 (2082/83 BS), according to data from the Nepal Insurance Authority. The figures cover mid-July to mid-September 2026 (Bhadra 2083).

Nepal Life Insurance led with NPR 2.09 billion, a 13.38% increase from a year earlier. National Life Insurance ranked second with NPR 1.14 billion, up 23.40%.

Sun Nepal Life Insurance recorded the highest growth among the companies cited, with first-year premiums rising 92% to NPR 205 million. Prabhu Mahalaxmi Life Insurance followed with a 73% increase to NPR 340 million, while IME Life Insurance grew 53.26% to NPR 440.6 million and Asian Life Insurance 45% to NPR 390 million.

SuryaJyoti Life Insurance collected NPR 592.8 million, up 42.72%, and Reliable Nepal Life Insurance grew 37.14% to NPR 397.6 million.

Himalayan Life Insurance collected NPR 457.2 million, a 21% increase. Citizen Life Insurance rose 19% to NPR 527.4 million, while Life Insurance Corporation Nepal grew 6.22% to NPR 506.6 million.

Most of the listed companies recorded year-on-year growth, pointing to a rise in new life insurance business.