Asian Life Insurance Revival Interest Discount
20th February 2026, Kathmandu
The insurance sector in Nepal is currently witnessing a significant push toward policy persistency and customer retention as Asian Life Insurance Company Limited officially launches its latest revival interest discount campaign. On the doorstep of the spring season, the company has announced a limited time window starting from Falgun 8, 2082, and extending until Chaitra 22, 2082, during which policyholders can reinstate their lapsed life insurance plans with substantial financial concessions. This strategic move is designed to assist thousands of individuals who may have faced financial difficulties in the previous years, leading to the unfortunate lapse of their life coverage. By offering up to a 50 percent waiver on the accumulated interest of overdue premiums, Asian Life is making a concerted effort to bring its customers back under the protective umbrella of formal insurance.
Asian Life Insurance Revival
A life insurance policy is said to be lapsed when the policyholder fails to pay the required premium even after the standard 30 day grace period. Once a policy reaches the fully lapsed stage—typically after six months of non payment—the insured loses all benefits, including life protection, accidental riders, and the accrual of annual bonuses. The current revival scheme by Asian Life is specifically targeted at these fully lapsed policies where the premium due date has exceeded six months as of the end of Magh 2082. For many families, this represents a crucial second chance to secure their future without the need to undergo new medical examinations or face the higher premium rates that usually accompany an increase in age when starting a fresh policy.
The discount structure introduced by Asian Life is highly systematic and rewards long term commitment. The maximum benefit of a 50 percent interest discount is reserved for policyholders whose insurance plans still have more than five years remaining until the date of maturity. This category typically includes individuals who have recently started their insurance journey or those with long term endowment plans. For policies with a remaining maturity period between two and five years, a 25 percent interest discount is applied. This structured approach ensures that the company maintains its actuarial health while providing the most relief to those with the longest remaining financial exposure. However, it is important to note that policies with less than two years remaining until maturity are not eligible for any interest waiver, as these contracts are nearing their payout phase.
To participate in the revival program, eligible policyholders must visit their nearest Asian Life Insurance branch or contact their authorized agent within the specified timeframe ending on Chaitra 22, 2082. The process requires the submission of a Declaration of Good Health (DGH) form, which confirms that the insured person has not suffered from any major illnesses during the period the policy was inactive. Once the branch office verifies the eligibility based on the remaining term and the lapse duration, the interest discount is manually applied to the total outstanding amount. This facility is a one time opportunity; the company has explicitly stated that individuals who have previously benefited from an interest waiver on the same policy in the past will not be allowed to claim a discount under the current scheme.
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The benefits of reviving a policy under this discount scheme go beyond just the immediate financial saving on interest. When a policy is reinstated, the accumulated bonuses from the years the policy was active are preserved. In the context of Asian Life, which has a track record of competitive bonus rates ranging from 35 to 75 rupees per thousand of the sum assured depending on the plan, this can amount to a significant sum over time. Furthermore, the revival ensures that the original sum assured remains intact, providing the family with the full death benefit and any attached riders like the Accidental Death Benefit (ADB) or Permanent Total Disability (PTD) coverage, which are often difficult to re-obtain at older ages.
From a corporate perspective, the Asian Life Insurance Revival interest discount is a vital tool for improving the company’s persistency ratio, a key metric used by the Nepal Insurance Authority to judge the health of an insurer. A high number of lapsed policies can negatively impact a company’s life fund and overall profitability. By encouraging revival, Asian Life strengthens its life fund, which stood at approximately 48.48 billion rupees at the start of the 2082/83 fiscal year. This campaign also aligns with the national goal of increasing insurance penetration in Nepal, ensuring that the financial safety net reaches the widest possible audience.
In conclusion, the Asian Life Insurance revival scheme is a win-win proposition for both the company and its customers. It provides a rare opportunity for policyholders to rectify past payment gaps at a fraction of the usual cost while restoring the essential protection their families need. As the deadline of Chaitra 22 approaches, policyholders are urged to check their current policy status on the Asian Life mobile app or via their web portal and take immediate steps to maximize the 50 percent interest relief. Safeguarding your family’s future has never been more affordable than during this specialized revival window.
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