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Nepal’s life insurance sector grows by over 36 percent

himalaya Diary News Service by himalaya Diary News Service
January 30, 2026
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Nepal: Lapsed life insurance policies rise while surrender numbers decline
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Nepal’s life insurance sector saw strong growth in new business, with first-time premium collections rising by 36.60 percent in the first half of fiscal year 2025/26. According to the Nepal Insurance Authority, 14 life insurers collected Rs 21.64 billion in new premiums, up from Rs 15.84 billion a year earlier. Nepal Life Insurance led the market with Rs 5.99 billion in new business, while IME Life recorded the highest growth rate at 84 percent. Renewal premiums also increased by 14.75 percent to Rs 72.73 billion, signaling a broad recovery across the sector, except for one company.

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