Nepal Life Steps into 25th Year with Renewed Vision: CEO Parajuli Reflects on Milestones and the Road Ahead

Kathmandu – Marking 24 successful years in Nepal’s insurance sector, Nepal Life Insurance Company has entered its 25th year with nationwide celebrations, including a blood donation program. On the occasion, the company expressed heartfelt gratitude to its shareholders, policyholders, employees, agents, and regulatory authorities for their unwavering support.

In an exclusive conversation with Beemapost’s Rajan Kathayat, CEO Pravin Raman Parajuli shared insights into the company’s journey, accomplishments, and future vision.

How challenging is it to maintain Nepal Life’s strong reputation as it enters its 25th year?

Completing 24 years is more than a timeline—it’s a journey built on the expectations of all our stakeholders. Holding a consistent 28 to 30 percent market share in Nepal’s life insurance sector brings both pride and responsibility. We are not just preserving our legacy; we are refining it. Challenges have made us stronger, financially and operationally, and we continue to grow in ways that serve both our shareholders and our customers better.

What has the company achieved over 25 years?

The greatest achievement is the trust and love of our stakeholders. That trust has been the driving force behind every decision and milestone. It has encouraged us to build stronger foundations and think ahead—to offer more value, more stability, and more innovation.

Who do you credit for Nepal Life’s current standing in the market?

First and foremost, credit goes to the visionary founders who laid the groundwork. Our board members, past and present, have steered the company through evolving challenges. Our agents over 60,000 of them are our frontline ambassadors. The 3.2 million-plus policyholders who continue to trust us are the real reason we’ve come this far. Together with our hardworking employees and shareholders, this is a collective success.

Have shareholders received the return they hoped for?

From a shareholder’s perspective, dividends are key. For the last two consecutive years, we’ve delivered a 21% dividend—among the highest in Nepal’s financial sector—based on a capital base of Rs. 8 billion. This return has come from core operating profits, not just premium income, and we’re committed to increasing this value in the years ahead.

What efforts has the company made to promote insurance awareness?

Insurance awareness is crucial, and we’ve taken a decentralized approach. Our provincial, branch, and sub-branch teams are active in community outreach. We’ve also launched refresher training programs for agents and employees and strengthened our digital presence through social media, interviews, and articles to reach more people with the right information.

What are Nepal Life’s future plans?

Our vision is rooted in technology and innovation. We’re creating a tech-friendly ecosystem and building a future-ready workforce. We’re also focusing on designing innovative, competitively priced insurance products tailored to market demands. A key step forward has been the establishment of Nepal Life Investment Company Limited, with an authorized capital of Rs. 5 billion and paid-up capital of Rs. 1.8 billion. This move will help us diversify our investments and strengthen long-term returns.